202 S Grove St

$275,000
Price
5
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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.
  1. Listed by Joe Zalabak • KELLER WILLIAMS-TREC
    P: (217)-721-5855 C: (217)-721-5855 joe@zalabakhomes.com

Property Details for 202 South Grove Street

Area
Urbana
Township
Cunningham
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 10/12/2025 12:06 AM

Property Details for 202 South Grove Street

StatusActive
MLS #12488685
Days on Market67
Taxes$4,553 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1913
Lot Size0.23 AC / 9,930 SF
CountyChampaign County

Location

Listing Courtesy of KELLER WILLIAMS-TREC
Add your commute

Building Information for 202 South Grove Street

Stories2Residences5Year Built1913Building Size-Lot Size0.23 AC / 9,930 SF

Payment Calculator

$1,738 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,359

Property Taxes

$379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 202 South Grove Street

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Grid: 56
  • Heat/Ventilation: Hot Water,Radiators
  • # Of Refrigerators: 5
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 66X124
  • Lot Size Square Feet: 9930.0
  • Stories: 2
  • Construction: Stucco
  • Foundation Details: Block, Concrete Perimeter
  • # Of Ranges: 5
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $568.00
  • Fuel Expense: $2,804.00
  • Gross Income: $45,948.00
  • Gross Scheduled Income: $45,948.00
  • Insurance Expense: $4,220.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 5500
  • Trash Expense Source: Actual
  • Total Monthly Income: 3829
  • Water Expense Source: Actual
  • Net Operating Income: $25,685.00
  • Operating Expense: $15,710.00
  • Other Expense: $.00
  • Trash Expense: $506.00
  • Water Sewer Expense: $2,112.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 202 South Grove Street

DateEvent & SourcePriceAppreciation
Oct 6, 2025

Listed (Active)

MRED #12488685

$275,000
Mar 15, 2025

Expired

MRED #12162084

$210,000
Sep 12, 2024

Listed (Active)

MRED #12162084

$210,000
Aug 25, 2022

Sold (Public Record)

Public Record #1496593335

$110,000
Aug 25, 2022

Sold

MRED #11444258

$110,000
Jul 21, 2022

Pending

MRED #11444258

Jun 23, 2022

Listed (Active)

MRED #11444258

$220,000
DateEvent & SourcePrice
10/06/2025

Listed (Active)

MRED #12488685

$275,000
03/15/2025

Expired

MRED #12162084

$210,000
09/12/2024

Listed (Active)

MRED #12162084

$210,000
08/25/2022

Sold (Public Record)

Public Record #1496593335

$110,000
08/25/2022

Sold

MRED #11444258

$110,000
07/21/2022

Pending

MRED #11444258

06/23/2022

Listed (Active)

MRED #11444258

$220,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 202 South Grove Street

Taxable ValueLand$15,980Additions$28,160Total$44,140
Tax Record2024$4,553 ($379 / month)
Home Facts
Total Finished SqFt2,013 SqFtAbove Grade Finished SqFt1,343 SqFtFinished Basement SqFt670 SqFtStories2Lot Size6,798 SqFtStyleMulti-Family Dwelling (2-4)Year Built1913CountyCHAMPAIGNAPN922117236001Fireplace TypeHas Fireplace

Schools near 202 South Grove Street

This home is within Urbana School District 116.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Leal Elementary School
PublicK to 5

Urbana Middle School
Public6 to 8

Urbana High School
Public9 to 12

Urbana Gerber School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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202 South Grove Street is a multi-family home for sale in Urbana, IL 61802. This property was listed for sale on October 6, 2025 by KELLER WILLIAMS-TREC, it's currently listed at $275,000. It has been on the market for a total of 67 days and was last sold on August 25, 2022. This listing's school district is Urbana School District 116. Nearby schools include Leal Elementary School, Urbana Middle School and Urbana High School. 202 South Grove Street is a 5-bed, 5-bath, multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS-TREC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/12/2025 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.