804 Oregon St Urbana, IL 61801
- Residential income homes
- 1,682 SF
- 0.12 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 804 Oregon St
- Year built
- 1908
- Lot size
- 0.12 lot acres
- Property size
- 1,682 SF
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 922117152011
- APU
- 922117152011
Description
This exceptional investment opportunity presents an 11-bedroom, 4-bathroom rooming house ideally situated at 804 W Oregon Street in Urbana, Illinois. The property sits on a 0.15-acre lot and is currently leased for the 2023-2025 academic years at a monthly rent of $3,750. However, with a potential rental rate of $400-$500 per bedroom, significant revenue growth is achievable. The property boasts attractive features including hardwood floors throughout, adding to its charm and appeal. The presence of two kitchens enhances functionality and convenience for multiple occupants. Ample free parking is available on-site, a valuable amenity for residents. This property is perfectly suited for a variety of uses, including student housing, making it an excellent investment for those seeking a strong return on investment in a desirable location. The asking price for this well-maintained property is $350,000. This presents a rare opportunity to acquire a proven income-generating asset in a thriving college town. Don't miss out on this chance to secure a profitable investment in a prime location. Contact us today to schedule a viewing.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2184
- Latitude
- 40.1077
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
