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 Market140
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 9, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 14, Bedroom 16, Bedroom 7, Bedroom 1, Bathroom 8, Bedroom 5, Bathroom 5, Bathroom 7, Bedroom 11, Bedroom 15, Bathroom 3, Bedroom 12, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 10, Bedroom 8, Bedroom 13, Bedroom 2, Bedroom 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 laundry
private patio/balcony
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
(217) 202-0924
Added: Jun 10
Changed: Oct 23
Last Checked: Oct 27 at 6:06PM
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.
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Investment Insights
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This 8-unit apartment property contains eight two-bedroom, one-bathroom residences, each with a full kitchen, dining area, stackable laundry, and access to a private patio or balcony. Interior work includes flooring and bathroom updates, alongside cosmetic improvements; exterior work includes repairs and a full repaint. The 1976 building occupies a 0.19-acre parcel and has surface parking and mature landscaping.
Located in Urbana, the property is 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. Zoning is MULTI.
Located in Urbana, the property is 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. Zoning is MULTI.
Key Highlights
- Eight apartments, each with two bedrooms and one bathroom
- In‑unit stackable laundry and a private patio or balcony in every apartment
- 0.19‑acre site with surface parking and mature landscaping
Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom homes include private outdoor space and in-unit laundry.
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: Eight apartments, each with two bedrooms and one bathroom; In‑unit stackable laundry and a private patio or balcony in every apartment; 0.19‑acre site with surface parking and mature landscaping
