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202 S Grove Street

Urbana, IL 61802
  • $210,000
  • STATUS: Active
  • ON SITE: 147 Days
  • MLS #: 12162084
UPDATED: 191 min ago
$210,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1913
County:
Area:

School Ratings & Info

Description

Expand your rental portfolio with 202 S Grove, a conveniently located 5-unit building near downtown Urbana. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the other three house long-term tenants. Tenants are responsible for individually metered electric and gas, with water, sewer, and heat covered by a monthly utility credit. Recent upgrades include a new efficient hot water radiant heat boiler. A new roof was installed in December of 2024! With R-4 zoning, this property offers immediate returns and significant potential for future development or renovation.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-06T23:59:54.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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202 S Grove Street Urbana, IL 61802

  • Price: $210,000
  • Status: Active
  • On Site: 147 Days
  • Updated: 191 min ago
  • MLS #: 12162084
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1913
Built
Neighborhood:
Champaign
County:
Champaign
Area:
Champaign
Property Description
Expand your rental portfolio with 202 S Grove, a conveniently located 5-unit building near downtown Urbana. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the other three house long-term tenants. Tenants are responsible for individually metered electric and gas, with water, sewer, and heat covered by a monthly utility credit. Recent upgrades include a new efficient hot water radiant heat boiler. A new roof was installed in December of 2024! With R-4 zoning, this property offers immediate returns and significant potential for future development or renovation.
Exterior Features

Exterior Building Type Stucco Foundation Details BlockConcrete Perimeter

Interior Features

Cooling Window Unit(s) Heat Ventilation Hot WaterRadiators

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 34536 Gross Scheduled Income 34536 Insurance Expense 1313 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 25752 Operating Expense 16727 Tax Annual Amount 4283.5 Tax Year 2023 Tenant Pays Electricity Total Monthly Income 2878 Township Cunningham Type Multi Family 5+ Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of KELLER WILLIAMS-TREC: 217-356-6100.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-06T23:59:54.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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7300 S Cottage Grove Ave Suite B
Chicago IL, 60619-1910