Student Rooming House with
For Sale
Contact for pricing
805 W Oregon Street, Urbana, IL 61801
A 10-bedroom rooming house currently leased through July 2027 with strong student-group fit and on-site parking.
Property SizeContact for details
Days on Market150
Property Features for 805 W Oregon Street
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1920
Stories
3
Units
10
Listing Agency:
EXP REALTY LLC-CHA
Listed By:
J Leman · License #475.184798
(888) 574-9405
Source:
Crexi
Added: May 26
Changed: Oct 16
Last Checked: Oct 20 at 6:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC-CHA
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This 10-bedroom rooming house offers a student-oriented configuration designed for group occupancy. The property is described as having character and charm, and it includes parking for residents and visitors.
The home is located near Illini Grove and in the heart of campus, positioning it for tenants seeking a walkable student lifestyle. Current leasing is in place through July 2027.
According to the provided terms, the property is leased at $3,605 per month, with rents scheduled to increase to $3,790 per month plus an $80 utility fee starting August 1, 2026. The layout is also presented as a practical fit for a small fraternity, sorority, or other student group. For prospective buyers, this creates a defined occupancy and timing window, while maintaining room for the next lease term beginning in 2026. For showings and additional lease details, contact the listing broker.
The home is located near Illini Grove and in the heart of campus, positioning it for tenants seeking a walkable student lifestyle. Current leasing is in place through July 2027.
According to the provided terms, the property is leased at $3,605 per month, with rents scheduled to increase to $3,790 per month plus an $80 utility fee starting August 1, 2026. The layout is also presented as a practical fit for a small fraternity, sorority, or other student group. For prospective buyers, this creates a defined occupancy and timing window, while maintaining room for the next lease term beginning in 2026. For showings and additional lease details, contact the listing broker.
Key Highlights
- 10‑bedroom rooming house, built in 1920
- Currently leased through July 2027
- Rents increase to $3,790/month effective August 1, 2026, plus a $80 utility fee
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Location Intelligence
Trade Area within ½ mile
901
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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
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A 10-bedroom rooming house currently leased through July 2027 with strong student-group fit and on-site parking.
Where is this apartment building located?
The property is located at 805 W Oregon Street Urbana, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 10‑bedroom rooming house, built in 1920; Currently leased through July 2027; Rents increase to $3,790/month effective August 1, 2026, plus a $80 utility fee
