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24-Unit Apartment Building
For Sale
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2017 Philo Road, Urbana, IL 61802

Vacant apartment building with consistent one-bedroom, one-bath layouts requiring renovation.

Property SizeContact for details
Days on Market142

Property Features for 2017 Philo Road

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence in need of renovation

Units

Unit Mix 24 x 1BR/1BA
Multifamily Units 24
Listing Agency: eXp Realty LLC
Listed By: Nate Evans · License #IL 475124281
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 29 at 7:16PM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

This 24-unit apartment building offers a consistent configuration of one-bedroom, one-bath residences throughout the property. All units are currently vacant and require renovation, creating a uniform improvement scope across the building.

The property is located at 2017 Philo Road in Urbana, Illinois, near the intersection of Silver Street and Philo Road. Its established apartment format and property-wide vacancy provide a clear starting point for renovation planning and future operation.

Key Highlights

  • 24‑unit apartment building
  • All units are currently vacant
  • Every unit has a 1‑bedroom, 1‑bath layout

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Auto Repair Shop Dental Office Building Supply

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

24
Residential units

Location Intelligence

Trade Area within ½ mile

567
Businesses Nearby

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

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 - Vacant apartment building with consistent one-bedroom, one-bath layouts requiring renovation.
Where is this apartment building located?
The property is located at 2017 Philo Road Urbana, IL.
What are key features of this property?
This property features: 24‑unit apartment building; All units are currently vacant; Every unit has a 1‑bedroom, 1‑bath layout
(217) 239-7113 Call to check price and availability
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