205 Park St Urbana, IL 61801

Property Details for 205 Park St

Year built

1894

Property size

2,047 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

This beautifully remodeled 1894 two-story home at 205 W Park St, Urbana, IL 61801, offers 2,047 square feet of living space and presents a compelling investment opportunity. The property, a mixed-use multifamily building suitable for student housing or single-family rentals, boasts a newly opened main level seamlessly integrating living and family rooms, creating a flexible space. A striking stone fireplace anchors the main level, which also includes a bedroom, full bathroom, laundry closet, and an updated kitchen with new cabinets, a stylish backsplash, and a breakfast bar. Upstairs, a generous main bedroom suite with an en-suite bathroom is complemented by two additional bedrooms and a full hall bathroom. Significant updates include new windows, enhanced electrical and plumbing, newer trim, modern light fixtures, and new flooring. The unfinished basement provides ample storage. Located across from a renovated park with lake access and rental facilities, this property is also conveniently close to downtown Urbana, Carle Hospital, and various amenities. The asking price is $225,000, translating to $109.92 per square foot. This property is ideal for both owner-occupancy and rental income generation.