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59-Unit Apartment Building Portfolio
For Sale
Contact for pricing
Pending

1105 W Oregon St, Urbana, IL 61801

Three income-producing buildings sit near the University of Illinois campus with access from Oregon and Nevada streets.

Property SizeContact for details
Days on Market143

Property Features for 1105 W Oregon St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 98%

Additional Details

Road Access Yes
Multifamily Units 59

Building Details

Buildings 3
Listing Agency: Ramshaw Real Estate, Inc.
Listed By: Jordan Dunahee · License #IL 475181066
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ramshaw Real Estate, Inc.

Investment Insights

Based on property information with market context.

This apartment property comprises three multifamily buildings containing 59 units. The existing buildings are income-producing and currently leased at 98% occupancy, providing an established residential component within the University of Illinois campus setting.

Access is available from both Oregon Street and Nevada Street. The property overlooks Krannert Center for the Performing Arts from the north, while nearby uses include student housing, commercial retail, and office space. The surrounding area also experiences substantial pedestrian activity from students, faculty, and visitors.

Key Highlights

  • 59 units across three multifamily buildings
  • 98% current occupancy
  • Access from Oregon Street and Nevada Street

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Furniture & Home Goods Catering Service (Bike/Boat/Book/etc) Store Bakery

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

59
Residential units
98%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

568
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

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 - Three income-producing buildings sit near the University of Illinois campus with access from Oregon and Nevada streets.
Where is this apartment building located?
The property is located at 1105 W Oregon St Urbana, IL.
What are key features of this property?
This property features: 59 units across three multifamily buildings; 98% current occupancy; Access from Oregon Street and Nevada Street
(217) 359-3131 Call to check price and availability
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