8-Unit Multifamily with Private
206 Grove Street Urbana, IL 61802
For Sale
$949,000
MULTI_FAMILY - Urbana, IL
Lot Size0.19 Acres
Days on Market49
Property Features for 206 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
16
Bathrooms
8
Rooms
Bathroom 2, Bedroom 4, Bedroom 15, Bathroom 8, Bedroom 14, Bedroom 10, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 13, Bathroom 7, Bathroom 6, Bedroom 12, Bedroom 6, Bedroom 8, Bedroom 11, Bedroom 9, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 16, Bedroom 5
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
Building Details
Year built
1976
Floors in Building
2
Number of units
8
Listing Agency:
MR. LANDMAN
(217) 202-0924
Listed By:
Jon Fisher · License #RB18000549
(217) 202-0924
Added: Jun 10
Changed: Jul 13
Last Checked: Jul 28 at 4:06AM
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.
Investment Insights
Based on property information with market context.
206 S. Grove Street is a well-maintained eight-unit multifamily property made up of spacious two-bedroom, one-bathroom apartments. Each unit includes a full kitchen and dining area, in-unit stackable laundry, and private patio or balcony access. The exterior features mature landscaping and ample surface parking, supporting a practical, resident-friendly layout.
The property is located in Urbana, Illinois, just over one mile from the University of Illinois. It is also positioned near downtown Urbana, Lincoln Square Mall, the Urbana Farmers Market, Carle Foundation Hospital, and major employment centers, providing convenience for a broad mix of renters.
The building has benefitted from interior and exterior improvements completed by current ownership, including updated flooring, bathroom renovations, cosmetic updates, exterior repairs, and a complete exterior repainting. For prospective buyers, this combination of unit amenities and recent capital work can support steady day-to-day operations for tenants seeking full kitchens, in-unit laundry, and private outdoor space.
The property is located in Urbana, Illinois, just over one mile from the University of Illinois. It is also positioned near downtown Urbana, Lincoln Square Mall, the Urbana Farmers Market, Carle Foundation Hospital, and major employment centers, providing convenience for a broad mix of renters.
The building has benefitted from interior and exterior improvements completed by current ownership, including updated flooring, bathroom renovations, cosmetic updates, exterior repairs, and a complete exterior repainting. For prospective buyers, this combination of unit amenities and recent capital work can support steady day-to-day operations for tenants seeking full kitchens, in-unit laundry, and private outdoor space.
Key Highlights
- Well‑maintained 8‑unit multifamily property (built 1976) with all units listed as 2‑bedroom, 1‑bath apartments
- Each unit features a full kitchen, dining area, and in‑unit stackable laundry
- Units offer private patio or balcony access
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 8-unit building with two-bedroom units, in-unit laundry, and surface parking.
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 $949,000.
What are key features of this property?
This property features: Well‑maintained 8‑unit multifamily property (built 1976) with all units listed as 2‑bedroom, 1‑bath apartments; Each unit features a full kitchen, dining area, and in‑unit stackable laundry; Units offer private patio or balcony access
