5-Unit Apartment
For Sale
$589,000
709 W Nevada Street, Urbana, IL 61801
Commercial Sale, Urbana, IL
Property SizeContact for details
Lot Size0.18 Acres
Days on Market273
Property Features for 709 W Nevada Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 11, Bedroom 10, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 9, Bedroom 8
Basement
Storage Space
Directions
From S Lincoln Ave, turn east onto W Nevada St, property will be on the right
Subdivision
Urbana
Standard status
Active
APN
922117158002
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 55 Block 5 Elmwood Add, T.S. Hubbard's
Tax Annual Amount
19316
Legal Description
Lot 55 Block 5 Elmwood Add, T.S. Hubbard's
Utilities
Cooling system
Window Unit(s)
Amenities
on-site laundry
Building Details
Year built
1913
Floors in Building
3
Number of units
5
Building materials
Vinyl Siding, Stucco
Listing Agency:
Taylor Realty Associates
(217) 355-0700
Listed By:
Nick Taylor · License #471001633
(217) 586-4906
Added: Dec 4, 2025
Changed: Sep 1
Last Checked: Sep 3 at 12:06PM
MLS# 12523056
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5-unit apartment building in Urbana, Illinois, includes four 2-bedroom, 1-bath apartments and one 3-bedroom, 2-bath apartment. The property sits on 0.18 acres and was built in 1913, with vinyl siding and stucco construction materials. Window unit cooling is provided, and the basement contains on-site laundry facilities. Dedicated parking is available on the property.
Located at 709 W Nevada Street, the building is minutes from the University of Illinois campus. The property carries MULTI zoning and is identified in the 61801 postal area of Champaign County. Its apartment configuration combines four two-bedroom units with a larger three-bedroom unit within one multifamily asset.
Located at 709 W Nevada Street, the building is minutes from the University of Illinois campus. The property carries MULTI zoning and is identified in the 61801 postal area of Champaign County. Its apartment configuration combines four two-bedroom units with a larger three-bedroom unit within one multifamily asset.
Key Highlights
- 5‑unit apartment building with four 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
- 0.18‑acre property built in 1913
- Basement laundry facility for residents
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 61801, IL
27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four two-bedroom apartments and one three-bedroom apartment, with basement laundry.
Where is this apartment building located?
The property is located at 709 W Nevada Street Urbana, IL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 5‑unit apartment building with four 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit; 0.18‑acre property built in 1913; Basement laundry facility for residents
