Seller's Agent in 2025
Nate Evans
eXp Realty-Mahomet
(217) 493-9297
36 in this area
1,800 Total Sales
803 W Nevada St Urbana, IL 61801
West Urbana Neighborhood
5
Beds
2.5
Baths
2,463
Sq Ft
8,712
Sq Ft Lot
Highlights
- Porch
- Dining Room
- Family Room
- Laundry Room
- Heating System Uses Steam
About This Home
As of June 2025Unbeatable Investment Opportunity near the University of Illinois! This prime Urbana home for sale is located just half a block off Lincoln Avenue in the heart of campus, offering unparalleled access to top university destinations. Within walking distance to Cafe Paradiso, the Departments of Social Work and Dance, and the Early Childhood Lab, it's also just two blocks from Krannert Center and three blocks from the Quad. Whether you're seeking Champaign County real estate for long-term wealth building or immediate cash flow, this investment opportunity is perfectly positioned. The current lease runs through July, providing steady rental income in a consistently high-demand location. For the motivated seller, this property has produced year-over-year rent increases and promises both short- and long-term upside as rental rates climb and interest rates ease. Although this building could benefit from minor interior updates, it already features key highlights many investors look for-like potential for updated kitchens, space for energy-efficient appliances, and a layout that supports maximum occupancy. This is a rare chance to own a move-in ready property in one of Urbana's most coveted areas. Priced to sell and ideal for first-time investors, experienced buyers, or parents of future Illini students. Act quickly-properties in this location don't last long. Contact us today for full financials and a private showing!
Last Agent to Sell the Property
eXp Realty-Mahomet License #475124281 Listed on: 04/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,144
Year Built
- Built in 1916
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 61 x 140
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
Interior Spaces
- 2,463 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room with Fireplace
- Dining Room
- Partial Basement
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
Schools
- Leal Elementary School
- Urbana High School
Additional Features
- Porch
- Heating System Uses Steam
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 16, 2024
Sold by
Li Zhi
Bought by
Dolla Il Llc
Current Estimated Value
Purchase Details
Closed on
Jan 28, 2022
Sold by
Herber Peter T
Bought by
Li Zhi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 24, 2016
Closed on
Jun 1, 2016
Sold by
Urbana Acquisitions Llc
Bought by
Herber Paul J
Seller's Agent
Brian Hannon
Taylor Realty Associates
Buyer's Agent
Brian Hannon
Taylor Realty Associates
List Price
$300,000
Sold Price
$300,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.53%
Original Mortgage
$240,000
Interest Rate
3.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 1, 2012
Sold by
Sandcassel Properties Llc
Bought by
Cassel Lonald M and Cassel Rebecca L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.25%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 26, 2010
Sold by
Cassel Chad L
Bought by
Sandcassel Properties Llc
Purchase Details
Closed on
Aug 31, 2007
Sold by
Cline Herschel M and Cline Harriet A
Bought by
Cassel Chad L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 12, 2006
Sold by
Cline Herschel M and Cline Harriet A
Bought by
Cline Herschel M and Cline Harriet A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | None Listed On Document | |
| Warranty Deed | $280,000 | None Listed On Document | |
| Warranty Deed | $300,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $230,500 | None Available | |
| Deed | $1,400,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $230,000 | New Conventional | |
| Previous Owner | $240,000 | Commercial | |
| Previous Owner | $1,164,000 | Commercial | |
| Previous Owner | $388,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $630,000 | Credit Line Revolving | |
| Previous Owner | $1,623,058 | Commercial | |
| Previous Owner | $1,400,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $285,000 | -5.0% | $116 / Sq Ft |
| 05/20/2025 05/20/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $299,900 | 0.0% | $122 / Sq Ft |
| 06/01/2016 06/01/16 | Sold | $300,000 | 0.0% | -- |
| 05/24/2016 05/24/16 | Pending | -- | -- | -- |
| 05/24/2016 05/24/16 | For Sale | $300,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $14,144 | $145,730 | $35,290 | $110,440 |
| 2023 | $14,144 | $132,970 | $32,200 | $100,770 |
| 2022 | $13,253 | $122,440 | $29,650 | $92,790 |
| 2021 | $12,318 | $114,110 | $27,630 | $86,480 |
| 2020 | $11,917 | $110,790 | $26,830 | $83,960 |
| 2019 | $10,696 | $102,350 | $22,740 | $79,610 |
| 2018 | $8,947 | $86,600 | $19,240 | $67,360 |
| 2017 | $8,534 | $79,850 | $17,740 | $62,110 |
| 2016 | $8,487 | $79,850 | $17,740 | $62,110 |
| 2015 | $8,581 | $79,850 | $17,740 | $62,110 |
| 2014 | $8,465 | $79,850 | $17,740 | $62,110 |
| 2013 | $8,354 | $79,850 | $17,740 | $62,110 |
Source: Public Records
Agents Affiliated with this Home
-
Nate Evans
-
Molly Jones
Seller Co-Listing Agent in 2025
Molly Jones
eXp Realty-Mahomet
(217) 493-6200
4 in this area
111 Total Sales
-
B
Seller's Agent in 2016
Brian Hannon
Taylor Realty Associates
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12350093
APN: 92-21-17-154-005
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