$3,788 Closing Credit¹
#12323428, Carol Meinhart, Listing Office: The Real Estate Group,Inc
$299,900 List price
803 W Nevada St Urbana, IL 61801
$3,561
Closing credit¹
5 beds
2 full, 1 partial
2,463 sqft
0.2 acres
$122 / sqft
House
Property details
About 803 W Nevada St
Unbeatable 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!
Highlights
Home typeSingle Family Residence
HeatingSteam
StatusActive
(New)
(New)
CoolingWall Unit(s)
Size2,463 sqft
BasementYes
Lot size0.2 Acres
Year built1916
ParkingGarage Owned, Detached, Garage
MLS #12350093
Garage2 spaces
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Parking: Garage Owned, Detached, Garage
- Heating: Steam
- Cooling: Wall Unit(s)
- List Price: $299,900
- Price/SqFt: $121
- Annual Tax Amount: $14,356
- Tax Year: 2023
- Directions: 1/2 Block East of Lincoln on Nevada. South side of street, one block from Cafe Paradisio and Campus
- Year Built: 1916
- Living Area: 2,463 SqFt
- Lot Size: 0.2 Acres
- MLS Number: 12350093
- MLS Name: MRED
- Office Name: eXp Realty,LLC-Mahomet
- Office Phone: (217) 239-7113
- Listing Agent: Nate Evans
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Get an agent. Get a mortgage. Save big.¹
$299,900
803 W Nevada St
$3,561
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 10, 2022 | Home Sold | $280,000 |
| Jun 08, 2016 | Home Sold | $300,000 |
| May 12, 2014 | Home Sold | $1,472,500 |
| Jul 29, 2010 | Home Sold | $230,500 |
| Sep 10, 2007 | Home Sold | $1,400,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $132,970 | $14,356 |
| 2022 | $122,440 | $13,252 |
| 2021 | $114,110 | $12,318 |
| 2020 | $110,790 | $11,917 |
| 2019 | $102,350 | $10,695 |
| 2018 | $86,600 | $8,946 |
| 2017 | $79,850 | $8,534 |
History based on county public records data.
Nearby schools
3
Leal Elementary School
Public District KG-5
0.4 mi
•312 W Oregon St
2
Dr. Martin Luther King Jr. Elementary School
Public District KG-5
1.0 mi
•1108 Fairview Ave
2
Washington Elementary School
Public District KG-5
1.3 mi
•606 E Grove St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $12,382. The most common annual income of people living in Urbana, IL is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
74%
<35k
15%
35k-100k
8%
100k-200k
3%
200k+
What level of education do the neighbors have?
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
91%
Single, No Kids
2%
Single, with Kids
5%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
0%
<11 yrs old
1%
12-17 yrs old
96%
18-34 yrs old
2%
35-64 yrs old
1%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
Yoga/pilates
Where do the neighbors shop?
Express/Express For Men
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Sonic
Dominos Pizza
What do the neighbors drive?
Pontiac
Infiniti
Audi
What do the neighbors listen to?
Urban Contemporary
Alternative
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 803 W Nevada St
The listing price of 803 W Nevada St property is $299,900.
The property 803 W Nevada St is a house located in Urbana, Illinois, 61801.
Active Listing: 803 W Nevada St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 803 W Nevada St are: Leal Elementary School (GreatSchools Rating 3/10), Dr. Martin Luther King Jr. Elementary School (GreatSchools Rating 2/10), Washington Elementary School (GreatSchools Rating 2/10), Urbana Middle School (GreatSchools Rating 2/10), Edison Middle School (GreatSchools Rating 4/10), Franklin Middle School (GreatSchools Rating 4/10), Urbana High School (GreatSchools Rating 3/10), University of Illinois High School (GreatSchools Rating 6/10), Central High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $14,356 (source: MLS/based on county public records data).
The last sale was on February 10, 2022 for $280,000 (source: MLS/tax record).
The property at 803 W Nevada St has 5 bedrooms and 2 full and 1 half bathrooms.
The property 803 W Nevada St is 2,463 SqFt (source: MLS/tax record).
The year of construction for 803 W Nevada St is 1916.
This home is located at 803 W Nevada St in Urbana, IL and zip code 61801. This 2,463 square foot home, which was built in 1916, sits on a 0.20 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $299,900.
In March 2025, from all listings sold in Urbana, IL there were more than 6 sold above asking price, over 19 sold below and more than 6 were sold right at the asked price. Between February and March 2025, Urbana, IL real estate market has seen decrease in the number of listings by 0.8%. In March 2025 median list price was $206,000 and the average listing age was 35 days.
From Rocket Homes Real Estate and based on county public records data.