5-Unit Apartment
For Sale
$390,000
212 W High Street, Urbana, IL 61801
Five one-bedroom apartments share coin-operated basement laundry and a covered parking area.
Property Size2,204 SF
Price / SF$176.95
Days on Market338
Property Features for 212 W High Street
General Information
Standard status
Active
Size
2,204 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
MULTI
Occupancy
80%
Units
Unit Mix
5 x 1BR/1BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,842
Amenities
coin-operated laundry
wrap around front porch
Building Details
Building Size
2,204 SF
Year Built
1893
Stories
2
Units
5
Listing Agency:
RE/MAX REALTY ASSOCIATES-CHA
Listed By:
Kimberly Krisman-Quigg · License #475132428
(217) 373-4964
Source:
Fishmangroup
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:49AM
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 RE/MAX REALTY ASSOCIATES-CHA
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Investment Insights
Based on property information with market context.
This 2,204-square-foot apartment building contains five one-bedroom, one-bath units. Built in 1893, it sits on a corner lot with green space and a wraparound front porch. The basement has coin-operated laundry, and the property includes four covered parking spaces plus additional parking space for a fifth tenant and guests. The basement unit has new flooring and recent paint.
Four of the five units are currently occupied. Tenants pay their own electric bills, while the owner covers heat, water, garbage, lawn care, and sewer. The property is zoned MULTI.
Four of the five units are currently occupied. Tenants pay their own electric bills, while the owner covers heat, water, garbage, lawn care, and sewer. The property is zoned MULTI.
Key Highlights
- Five one‑bedroom, one‑bath apartments in 2,204 square feet
- Built in 1893; zoned MULTI
- Four covered parking spaces, with additional space for a fifth tenant and guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,997
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,940
$339.9K
Cap Rate 7%
$242,814
$242.8K
Cap Rate 9%
$188,856
$188.9K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$32.5K $14.76/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$30.9K $14.02/SF
− OpEx
−$13.9K −$6.31/SF
NOI
$17.0K $7.71/SF
Area
Champaign County, IL
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,940
Cap Rate 7%
$242,814
Cap Rate 9%
$188,856
Alternative Uses
Best Use
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.5K
$401.2K – $535.0K
NOI $32,097 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,393
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom apartments share coin-operated basement laundry and a covered parking area.
Where is this apartment building located?
The property is located at 212 W High Street Urbana, IL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Five one‑bedroom, one‑bath apartments in 2,204 square feet; Built in 1893; zoned MULTI; Four covered parking spaces, with additional space for a fifth tenant and guests
