8-Unit Apartment
For Sale
$899,000
206 Grove Street, Urbana, IL 61802
Commercial Sale, Urbana, IL
Property SizeContact for details
Lot Size0.19 Acres
Days on Market86
Property Features for 206 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bedroom 10, Bedroom 14, Bathroom 5, Bedroom 13, Bedroom 11, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 9, Bathroom 3, Bathroom 8, Bedroom 7, Bedroom 15, Bedroom 1, Bedroom 8, Bedroom 16, Bathroom 7, Bathroom 2, Bedroom 12, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 6
Directions
Vine to Green to Grove. East side of Grove.
Subdivision
Urbana
Standard status
Active
APN
922117236003
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3 Block 2 Webber's, George G., 3rd Addition
Tax Annual Amount
13703
Legal Description
Lot 3 Block 2 Webber's, George G., 3rd Addition
Amenities
in-unit stackable laundry
private patio or balcony access
surface parking
mature landscaping
Building Details
Year built
1976
Floors in Building
2
Number of units
8
Listing Agency:
MR. LANDMAN
Listed By:
Jon Fisher · License #B68919000
(217) 202-0924
Added: Jun 10
Changed: Aug 25
Last Checked: Sep 3 at 7:06AM
MLS# 12673682
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8-unit multifamily property, built in 1976, contains eight two-bedroom, one-bathroom apartments. Individual units include full kitchens, dining areas, in-unit stackable laundry, and access to a private patio or balcony. Recent work includes flooring updates, bathroom renovations, cosmetic improvements, exterior repairs, and complete exterior repainting. The property also offers surface parking and mature landscaping within a quiet residential setting.
The Urbana property is located just over one mile from the University of Illinois and near downtown Urbana, Lincoln Square Mall, the Urbana Farmers Market, Carle Foundation Hospital, and major employment centers. The site encompasses 0.19 acres and carries MULTI zoning.
The Urbana property is located just over one mile from the University of Illinois and near downtown Urbana, Lincoln Square Mall, the Urbana Farmers Market, Carle Foundation Hospital, and major employment centers. The site encompasses 0.19 acres and carries MULTI zoning.
Key Highlights
- 8‑unit multifamily property with eight two‑bedroom, one‑bathroom apartments
- Apartments include full kitchens, dining areas, and in‑unit stackable laundry
- Private patio or balcony access provided for each apartment
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 61802, IL
19,460
Population
10,066
Households
1.9
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
82.1 sq mi
ZIP Area
237
Density / Sq Mi
$58,588
Median Household Income
$40,600
Median Earnings
$996
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom layouts include full kitchens, dining areas, stackable laundry, and private patio or balcony access.
Where is this apartment building located?
The property is located at 206 Grove Street Urbana, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8‑unit multifamily property with eight two‑bedroom, one‑bathroom apartments; Apartments include full kitchens, dining areas, and in‑unit stackable laundry; Private patio or balcony access provided for each apartment
