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    Urbana, IL Apartment Buildings for Sale

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    Champaign, IL Savoy, IL Philo, IL Bondville, IL Tolono, IL Saint Joseph, IL Sidney, IL Thomasboro, IL
    8 properties
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    Garden-Style Eight-Unit Multifamily
    Updated: Jun 10
    Garden-Style Eight-Unit Multifamily

    206 S GROVE ST, Urbana, IL 61802

    $949,000
    7,200 sqft
    8‑unit multifamily built in 1976 with eight 2‑bedroom/1‑bath units
    Believed average unit size of approximately 880 SF per unit with full kitchen, living room, and dining area
    Each unit includes in‑unit stackable laundry and a rear sliding glass door to a patio or balcony area
    Ownership completed recent interior and exterior upgrades during approximately 5 years, including updated vinyl flooring, bathroom improvements, and cosmetic renovations
    Exterior repairs and a full exterior repainting completed more recently
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    This listing looks promising.

    Here's a quick look at some key insights for

    206 S GROVE ST, URBANA, IL 61802

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    • Est. Cap Rate

      5.9%
      NOI ÷ price

    • Est. NOI

      $56K
      Annual

    • Price @ 7% Cap

      $793K
      Suggested
    View Property Analytics
    8-Unit Multifamily with Private Patios
    Updated: Jun 10
    8-Unit Multifamily with Private Patios

    206 Grove Street, Urbana, IL 61802

    $949,000
    0.19 AC lot
    Well‑maintained 8‑unit multifamily property (built 1976) with all units listed as 2‑bedroom, 1‑bath apartments
    Each unit features a full kitchen, dining area, and in‑unit stackable laundry
    Units offer private patio or balcony access
    Ownership completed numerous interior and exterior improvements, including updated flooring, bathroom renovations, cosmetic updates, exterior repairs, and a complete exterior repainting
    Ample surface parking and mature landscaping with a quiet residential setting
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    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    709 W Nevada Street, Urbana, IL 61801

    $589,000
    0.18 AC lot

    Well-maintained 5-unit property near University of Illinois campus.

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    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    503 W Green Street, Urbana, IL 61801

    $749,900

    Eleven units near University of Illinois campus with development potential.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    212 W High Street, Urbana, IL 61801

    $410,000
    0.24 AC lot

    Fully leased 5-unit building with parking and coin laundry.

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    10-Bedroom Rooming House
    10-Bedroom Rooming House

    805 W Oregon Street, Urbana, IL 61801

    $349,900

    Leased 10-bedroom rooming house in Urbana with parking and a lease term through July 2027.

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    Student Rooming House with Parking
    Student Rooming House with Parking

    805 W Oregon Street, Urbana, IL 61801

    $349,900

    A 10-bedroom rooming house currently leased through July 2027 with strong student-group fit and on-site parking.

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    Updated Condo with Modern Amenities
    Updated Condo with Modern Amenities

    1310 Brighton Drive #1310, Urbana, IL 61801

    $125,000

    Move-in ready 3-bedroom condo with recent updates and convenient location.

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 8 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Residential Income Property
    Five-Unit Residential Income Property

    716 Robinson Street, Danville, IL 61832

    $129,900
    4,300 sqft

    Residential income property with five units total, including four two-bedroom apartments and one one-bedroom apartment.

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    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    716 Robinson Street, Danville, IL 61832

    $129,900
    0.35 AC lot

    Five rent-ready units include four 2 bed/1 bath apartments and one 1 bed/1 bath unit.

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    1913 Historic Mixed-Use Building
    1913 Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential space.

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    Student Housing Apartment Building
    Student Housing Apartment Building

    203 E Stoughton St, Champaign, IL 61820

    Contact for pricing

    24 fully furnished one-bedroom units each include an in-unit washer/dryer and flat screen TV.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Off-Market Properties in Urbana, IL

    Consider similar Off-Market properties in Urbana, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3000 Philo Rd
    Multifamily properties

    3000 Philo Rd, Urbana, IL 61801

    Value Estimation by Request
    24.38 AC lot
    View details
    1105 Oregon St
    Multifamily properties

    1105 Oregon St, Urbana, IL 61801

    Value Estimation by Request
    View details

    Urbana, IL Apartment Buildings Market Trends and Statistics

    Explore 10 apartment buildings for sale in Urbana, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 7,200 square feet of properties for sale, with an estimated market value of $949,000.

    Sale prices for two-family homes in Urbana, IL start at $949,000, averaging $949,000, and reaching up to $949,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 47K
    Population Growth (5Y) -5.1%
    Median Household Income $46,466
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

    Identify Urbana submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61802 $949K
    61801 $1.6M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Urbana fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Urbana, IL

    • 61801
    • 61802

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