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511 W Oregon Street Urbana, IL $ 210,000
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511 W Oregon Street
$ 210,000
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511 W Oregon Street

Urbana, IL, 61801
$ 210,000
Bedrooms2 Baths3.0 Sq 2,720

Monthly Estimate*

$ 1,310

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Multi-Family Home for sale in Urbana, IL

for $210,000 with 2 bedrooms and 3 full baths. This 2,720 square foot home was built in 1918 on a lot size of 0.25.

511 W Oregon is a standout all-brick 3-unit investment property, just 3 blocks from the University of Illinois campus, offering location, curb appeal, and dependable performance. The main level offers a roomy 3-bedroom, 1-bath unit, while the upstairs features two bright 1-bedroom, 1-bath units, all in a layout that renters love and consistently lease quickly! Tenants pay all utilities, including building heat, which is provided by a new high-efficiency hot water boiler installed in 2025. A large off-street parking area behind the building makes parking easy. With strong demand, solid updates, and extremely close to campus, this is a portfolio piece you will be proud to own!

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Multi-Family Active

Price

$ 210,000

Bedrooms

2

Full Bath

3

Property Type

Multi-Family

Taxes

$ 11,428

Style

Lot Size

0.25

Year Built

1918

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12515372
Features
General
Sewer Public Sewer
Heating Natural Gas Steam
Possession Closing
Roof Asphalt
Zoning LNC
Construction Materials Brick
Year Built 1918
Township Cunningham
Tax Year 2024
Ownership Fee Simple
Gross Income 34200
County Champaign
Insurance Expense 2800
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Active
Directions Lincoln Ave to W Oregon E on W Oregon
High School Urbana High School
City Urbana
High School District 116
MLS Area Urbana
Elementary School Leal Elementary School
Tax Annual Amount 11428.02
Middle/Junior High School Urbana High School
Standard Status Active
Middle/Junior School District 116
Elementary School District 116
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Interior
Basement Unfinished Full
Total Bedrooms 2
Total Baths 3
Bedrooms Possible 2
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Off Street Yes Owned
Water Source Public
Total Parking 6
Foundation Details Brick/Mortar
Lot Dimensions 74x146
Lot Size Acres 0.25
Waterfront Y/N N
Other Equipment CO Detectors
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* Excluded Features
List By
Keller Williams-Trec

Broker

joe@zalabakhomes.com

Email

Affordability Calculator

$2,262
Per Month
58%
42%
0%
Monthly Principal & Interest
$1,310
Monthly Property Taxes
$952
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1881991 Elementary School
1866533 Middle School
Urbana High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/24/2025$210,000 Listed Price

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511 W Oregon Street, Urbana, IL, 61801 is a Multi-Family Home for sale at $210,000 with 2,720 sqft and a lot size of 0.25. 511 W Oregon Street has 2 bedrooms, 3.0 baths, and was built in 1918. The property's zip code is 61801 which is in Urbana, IL

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