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Listing provided courtesy of Taylor Realty AssociatesMREDas Distributed by MLSGrid- MLS# 12523056MLS Provider

709 W Nevada StreetUrbana, IL 61801

Commercial · 5 Beds · 0.18 Acres
$589,000 Active

709 W Nevada Street Overview

Time on Site:
208 days
Visits:
2

Discover an exceptional investment opportunity with this well-maintained 5-unit property in a prime Champaign location just minutes from the University of Illinois campus. The building features four spacious 2-bedroom, 1-bath units plus a larger 3-bedroom, 2-bath unit, offering strong rental appeal for students and professionals alike. Residents enjoy the convenience of on-site laundry located in the basement, as well as dedicated on-site parking-an increasingly rare amenity near campus. With its desirable location, reliable rental demand, and practical updates, this property is an ideal addition to any investor's portfolio.

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709 W Nevada Street Facts & Features

  • Type Commercial
  • Lot 0.18 Acres

Details

General

Income/Expenses

  • Other Expense: 2084
  • Electric Expense: 7910
  • Fuel Expense: 0
  • Gross Income: 80400
  • Gross Scheduled Income: 80400
  • Insurance Expense: 4677
  • Maintenance Expense: 0
  • Net Operating Income: 42720
  • Operating Expense: 37680
  • Trash Expense: 1098
  • Water Sewer Expense: 3336

Building Information

  • Year Built: 1913

Location/Region

  • County Or Parish: Champaign
  • MLS Area Major: Urbana
  • Township: Cunningham

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Other

Tax Information

  • Tax Annual Amount: $19,316.28
  • Tax Year: 2025

General Information

  • Parcel Number: 922117158002
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Storage Space
  • Cooling: Window Unit(s)
  • Foundation Details: Brick/Mortar
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Size Dimensions: 58x140
  • Lot Size Square Feet: 8120

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Stucco

General Information

  • Number Of Units Total: 5

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 4

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 2
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

709 W Nevada Street Neighborhood

Community

61801 (Urbana) Demographics

24
Median Age
5,741
Population Density (per sq. mile)
70%
College Educated
$32,569
Estimated Median Income
3,672
Estimated Total Home Owners
8,386
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

709 W Nevada Street Monthly Cost

$
$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

709 W Nevada Street Market Data

Based on the last 30 days in this zip code

$287,869
Average List Price
$161
Average Price per Square Foot
9
Properties Sold
44
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

709 W Nevada Street History

Date Event Value Agent
5/27/2026Source: MRED Status Change
Active
5/22/2026Source: MRED Price Reduction
$589,000 -1.7%
5/22/2026Source: MRED Status Change
Price Change
3/18/2026Source: MRED Status Change
Active
3/13/2026Source: MRED Price Reduction
$599,000 -2.6%
3/13/2026Source: MRED Status Change
Price Change
12/9/2025Source: MRED Status Change
Active
12/4/2025Source: MRED Added to Database
December 04, 2025
6/3/2024Source: MRED Status Change
Closed
4/22/2024Source: MRED Status Change
Contingent
4/17/2024Source: MRED Status Change
Active
4/12/2024Source: MRED Added to Database
April 12, 2024
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022