604 W Main St Urbana, IL 61801
West Urbana NeighborhoodEstimated payment $2,443/month
Highlights
- Property is near public transit
- Heating Available
- 3-minute walk to Phillips Recreation Center
- Laundry Room
About This Home
Located right between the West edge of the University of Illinois and Downtown Urbana. This is a 6 Unit apartment building including four 1-bedroom units and two efficiency apartments. Each apartment has separate electric meters (updated 2010). All units have their own kitchen and individual private bathrooms. Large open apartments with easy access to the University of Illinois, Downtown Urbana, and both hospitals. These apartments are in high demand and fully leased for 1-year terms. The major mechanicals and structure have been maintained. This is a nice 6-unit investment property to add to your portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,000
Year Built
- Built in 1890
Parking
- 6 to 12 Parking Spaces
Home Design
- Mixed Use
- Brick Foundation
- Block Foundation
- Composition Roof
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
- Laundry Room
Additional Features
- Lot Dimensions are 68x221x67x210
- Property is near public transit
- Heating Available
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $7,000
- Fuel Expense $250
- Insurance Expense $4,500
- Trash Expense $750
- Water Sewer Expense $1,800
- Operating Expense $20,000
- Gross Income $39,000
- Net Operating Income $19,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,371 | $96,550 | $22,290 | $74,260 |
| 2023 | $9,371 | $88,100 | $20,340 | $67,760 |
| 2022 | $8,780 | $81,120 | $18,730 | $62,390 |
| 2021 | $8,162 | $75,610 | $17,460 | $58,150 |
| 2020 | $7,593 | $70,590 | $16,300 | $54,290 |
| 2019 | $7,377 | $70,590 | $16,300 | $54,290 |
| 2018 | $7,343 | $71,080 | $16,410 | $54,670 |
| 2017 | $7,597 | $71,080 | $16,410 | $54,670 |
| 2016 | $7,555 | $71,080 | $16,410 | $54,670 |
| 2015 | $7,639 | $71,080 | $16,410 | $54,670 |
| 2014 | $7,535 | $71,080 | $16,410 | $54,670 |
| 2013 | $7,436 | $71,080 | $16,410 | $54,670 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $304,900 | 0.0% | -- |
| 09/12/2025 09/12/25 | Pending | -- | -- | -- |
| 09/08/2025 09/08/25 | Price Changed | $304,900 | -4.7% | -- |
| 08/25/2025 08/25/25 | For Sale | $319,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $120,000 | Commercial | |
| Closed | $204,000 | Commercial | |
| Closed | $168,000 | Commercial | |
| Closed | $135,920 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12453805
APN: 91-21-08-362-012
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