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    802 W Illinois St Urbana, IL 61801

    Picture of Apartment buildings at W Illinois St 802, Urbana, IL
    Pending
    For Sale
    $545,000

    Commercial Sale - Urbana, IL

    Days on Market:
    11
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 802 W Illinois St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    922117103018

    Building Details

    Year built
    1900
    Number of units
    10
    Architectural style
    Other

    The Weiner Companies, Ltd. (217) 972-8413 [email protected]

    Listing agent Jonah Weisskopf (217) 972-8413 License #475155882

    Listing date Dec 5, 2025

    MLS# 12490667 Listing URL

    Copyright © 2025 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.

    Overview

    Vintage Apartment Building Near University

    This 10-unit building is located half a block from the University of Illinois campus. The property retains vintage architectural appeal. The unit mix includes one 2-bedroom apartment, six 1-bedroom apartments, and three studio units. The units are fully furnished. Tenants are responsible for their gas oven and electric bills. The owner covers the costs of heat, water, sewer, trash, recycling, and WiFi. The land is zoned R5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Illinois
    Longitude
    -88.218002
    Latitude
    40.1093616

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    FAQs

    What type of property is this?
    Apartment building - 10-unit building near the University of Illinois campus.
    Where is this apartment building located?
    The property is located at 802 W Illinois St Urbana, IL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Prime location: Half a block from the University of Illinois.; - Ten-unit building offering diverse rental options (1 two-bedroom, 6 one-bedroom, 3 studio).; - Fully furnished units.
    (217) 972-8413
    Request Owner's contact information
    802 W Illinois St Urbana, IL 61801
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    Urbana, IL 61801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    802 W Illinois St Urbana, IL 61801
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