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. With R-4 zoning, this property offers immediate returns and significant potential for future development or renovation.
Looking for a gem to add to your investment portfolio or perhaps looking for your first investment. This unique five-unit apartment building in the Champaign-Urbana area is an excellent investment opportunity. Each unit features 1 bedroom and 1 bathroom, with tenants responsible for their own utilities, while the landlord only handles landscaping and trash services. The units include carpet and vinyl flooring, with one dedicated parking space per unit and plenty of street parking available. Conveniently located just a few blocks from downtown Urbana, Lincoln Square Mall, and shopping options, this property is also close to the University of Illinois at Urbana-Champaign (UIUC). With solid bones and new development in the area, this building offers great potential for increasing ROI through continued improvements and rent increases. Don't miss out on this prime location, perfect for attracting tenants! Call you favorite Realtor today to schedule your private showing.
Here is your opportunity to obtain a newer commercial building, providing almost 2500 square feet of space, sitting on a conveniently located, highly visible location in the Urbana Schnucks Parking Lot. This building offers three drive-through bays with motorized 10 foot overhead doors, full basement with oil change/service access stations, waste oil heater included, that has been updated to a "Metered" System. The front office has central heating and air conditioning for your comfort, along with a customer restroom. The shop is heated and includes an office, bathroom and utility room for employee convenience. There is also a single bay automatic car wash system with in-floor radiant heated floor and reverse osmosis system, all for providing a higher level of service to your customers. Schedule your tour today and let your entrepreneurial imagination run wild.
The median home value in Urbana, IL is $121,300. This is lower than the county median home value of $132,800. The national median home value is $219,700. The average price of homes sold in Urbana, IL is $121,300. Approximately 33.19% of Urbana homes are owned, compared to 53.51% rented, while 13.29% are vacant. Urbana real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Urbana real estate agent to arrange a tour today!
Urbana, Illinois 61802 has a population of 42,141. Urbana 61802 is less family-centric than the surrounding county with 27.24% of the households containing married families with children. The county average for households married with children is 30.62%.
The median household income in Urbana, Illinois 61802 is $34,273. The median household income for the surrounding county is $49,586 compared to the national median of $57,652. The median age of people living in Urbana 61802 is 24.3 years.
The average high temperature in July is 85 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 40.4 inches per year, with 23.2 inches of snow per year.