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Apartment Building with Covered Parking
For Sale
$390,000

212 W High Street, Urbana, IL 61801

Commercial Sale, Urbana, IL

Property SizeContact for details
Lot Size0.24 Acres
Days on Market315

Property Features for 212 W High Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bathroom 1, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Basement, Bathroom 3, Bedroom 4, Bathroom 4
Basement Partially Finished
Directions Just West of Race at the corner of High & Cedar
Subdivision Urbana
Standard status Active
APN 922117142003
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 51, PT 52 ROE'S 2ND ADD
Tax Annual Amount 8842
Legal Description LOTS 51, PT 52 ROE'S 2ND ADD

Utilities

Utilities Cable Available
Sewer type Public Sewer
Cooling system Window Unit(s)

Amenities

coin-operated laundry
wrap around front porch

Building Details

Year built 1893
Floors in Building 2
Number of units 5
Building materials Shingle Siding
Listing Agency: RE/MAX REALTY ASSOCIATES-CHA · RE/MAX International
Listed By: Kimberly Krisman-Quigg · License #475132428
Added: Nov 24, 2025 Changed: Sep 30 Last Checked: Oct 5 at 6:06PM
MLS# 12523542

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.

At 212 W High Street in Urbana, this apartment building contains five one-bedroom, one-bathroom units. The basement has coin-operated laundry, and the basement apartment has recently received new flooring and paint. A wraparound front porch and green space occupy the 0.24-acre corner lot. Covered parking serves four vehicles, with additional space for another tenant or guests. The building dates to 1893 and is zoned MULTI.

Four of the five units are occupied. Tenants pay their own electric bills; the owner covers heat, water, garbage, lawn care, and sewer. The property is connected to public sewer, and cable is available.

Key Highlights

  • Five units, each configured with one bedroom and one bathroom
  • 0.24‑acre corner lot with green space and a wraparound front porch
  • Covered parking for 4 vehicles, plus additional space for a fifth tenant and guests

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Dental Office Locksmith (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
80%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,393
Businesses Nearby

Demographics for 61801, IL

27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five residential units each have one bedroom and one bathroom, with coin-operated laundry in the basement.
Where is this apartment building located?
The property is located at 212 W High Street Urbana, IL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Five units, each configured with one bedroom and one bathroom; 0.24‑acre corner lot with green space and a wraparound front porch; Covered parking for 4 vehicles, plus additional space for a fifth tenant and guests
More about this property
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