Accepting Backups
202 Grove Street
Urbana, IL 61802
$275,000
0beds
0baths
—sqft
0.23acres
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1913
Lot size0.23 acres
Annual tax$4,552.64
CountyChampaign
MLS #MRD12488685
Days on market180
Features
Cooling
Window Unit(s)
Construction
Stucco
Listed by
KELLER WILLIAMS-TREC
Joe Zalabak · 217-721-5855
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/3/2026, 4:33:01 PM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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