604 W Main St Urbana, IL 61801
West Urbana NeighborhoodEstimated payment $2,684/month
About This Home
This is a 6-unit apartment house with four 1-bedroom apartments and 2 efficiencies. With a close location to the University of Illinois, Downtown Urbana, and both hospitals, this property leases up quickly. Great rental history, super condition, and very clean. Great investment opportunity. New siding, carpeting, and some appliances have been replaced, flat portion of the roof has been replaced. Check out the attic, could make an awesome loft apartment!!! Many updates have been done, including a new bathroom in Unit 1, a new hot water heater, and updated electrical in all units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,000
Year Built
- Built in 1890
Parking
- 6 to 12 Parking Spaces
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
Utilities
- Heating System Uses Gas
- Separate Meters
Additional Features
- Lot Dimensions are 68x144x62x156
- Property is near public transit
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $6,500
- Insurance Expense $4,500
- Maintenance Expense $1,500
- Other Expense $1,500
- Trash Expense $800
- Water Sewer Expense $1,200
- Operating Expense $24,000
- Gross Income $32,000
- Net Operating Income $10,000
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 |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | 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: 12413575
APN: 91-21-08-362-012
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