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!
Closed
$212,000
511 W Oregon St, Urbana, IL 61801
5beds
--sqft
Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$--/sqft
$2,573 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,573/mo
Zestimate® history
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$2,573/mo
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$2,573/mo
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$1,579/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
Joe Zalabak, ABR (217)721-5855,
KELLER WILLIAMS-TREC
Bought with:
Joe Zalabak, ABR
KELLER WILLIAMS-TREC
Source: MRED as distributed by MLS GRID,MLS#: 12515372
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Steam
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 6
- Parking features: Off Street, Yes, Owned
Lot
- Size: 0.25 Acres
- Dimensions: 74x146
Details
- Parcel number: 922117161008
- Zoning: LNC
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s)
Location
- Region: Urbana
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Sold | $212,000+1% |
Source:  MRED as distributed by MLS GRID #12515372 Report a problem | ||
| 12/9/2025 | Pending sale | $210,000 |
Source: MRED as distributed by MLS GRID #12515372 Report a problem | ||
| 11/24/2025 | Listed for sale | $210,000 |
Source: MRED as distributed by MLS GRID #12515372 Report a problem | ||
| 9/13/2024 | Listing removed | $750 |
Source: Zillow Rentals Report a problem | ||
| 8/7/2024 | Listed for rent | $750 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,428 +6.3% | $110,800 +9.6% |
| 2023 | $10,753 +6.7% | $101,090 +8.6% |
| 2022 | $10,076 +7.6% | $93,090 +7.3% |
| 2021 | $9,365 +7.5% | $86,750 +7.1% |
| 2020 | $8,711 +23% | $80,980 |
| 2019 | $7,080 | $80,980 +18.2% |
| 2018 | $7,080 -3.3% | $68,530 |
| 2017 | $7,324 +0.6% | $68,530 |
| 2016 | $7,284 | $68,530 |
| 2015 | $7,284 +5.3% | $68,530 +5% |
| 2014 | $6,919 +5.7% | $65,270 +4.3% |
| 2013 | $6,549 +11.6% | $62,600 |
| 2012 | $5,866 +5.9% | $62,600 |
| 2011 | $5,538 +2.5% | $62,600 -1.6% |
| 2010 | $5,403 | $63,620 |
| 2009 | -- | $63,620 +1.7% |
| 2008 | -- | $62,560 +1.8% |
| 2007 | $4,750 +1.2% | $61,460 +7.5% |
| 2006 | $4,693 +12.4% | $57,170 +13% |
| 2005 | $4,176 +10.5% | $50,590 +3.2% |
| 2004 | $3,779 +11.3% | $49,020 +12.9% |
| 2003 | $3,394 +7.8% | $43,430 +19% |
| 2002 | $3,147 +2.5% | $36,510 +2.6% |
| 2001 | $3,070 +6.5% | $35,570 +6% |
| 2000 | $2,884 | $33,560 |
Find assessor info on the county website
Neighborhood: 61801
Nearby schools
GreatSchools rating
- 5/10Leal Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Urbana Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Urbana High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Leal Elementary School
- Middle: Urbana High School
- High: Urbana High School
- District: 116
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Champaign County
- Urbana
- 61801
- 511 W Oregon St
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