IL
Champaign
Urbana
61802
202 S Grove Street
202 S Grove Street, Urbana, IL 61802
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Listing Type
Commercial/Industrial
Listing Status
active
9
$275,000

Home Details for 202 S Grove Street

Price
$275,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1913
Lot size acres
0.23
County
Champaign
Garage
Days on site
28
MLS Listing#
12488685
Property Description

Expand your rental portfolio with 202 S Grove, a fully leased 5-unit building near downtown Urbana. Each unit is a one-bedroom, one-bath with its own kitchen. Three units were recently remodeled, and the other two have long-term tenants. Tenants pay individually metered electric and gas, while water, sewer, and heat are covered by a monthly utility credit. The seller has completed more than $60,000 in capital improvements, including a new high-efficiency hot water radiant heat boiler, a new roof, exterior painting, and full remodels of three units. Located on a large corner lot with R-4 zoning, the property delivers immediate income and offers strong potential for future development or continued value-add work.

Property Features
  • Cooling Information
    • Window Unit(s)
Listing Courtesy: KELLER WILLIAMS-TREC - 217-356-6100
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-10-11 23:31:29. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Last Updated: 2025-10-11 23:31:29
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EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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