804 Oregon St Urbana, IL 61801

This exceptional 11-unit apartment building, located at 804 W Oregon St in Urbana, Illinois, presents a compelling investment opportunity. Built in 1908, this two-story structure sits on a 0.15-acre lot and is zoned R7, offering flexibility for future development. The property currently features 11 bedrooms and 4 bathrooms, distributed across the units. The building boasts attractive hardwood floors and two kitchens, enhancing its appeal to tenants. On-site parking accommodates 5 vehicles. The property's current lease agreement runs through the 2023-2025 school years, generating $3,500 monthly income. However, with a potential rental rate of $400-$500 per bedroom, significant revenue growth is achievable. The property's prime location in Urbana, Champaign County (zip code 61801), makes it particularly attractive to students, offering easy access to local amenities and educational institutions. The asking price for this well-maintained property is $375,000, and its APN is 922117152011. This presents a rare chance to acquire a profitable multifamily property with strong potential for increased returns. The property's character and convenient location combine to create a highly desirable investment.