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Five-Unit Apartment Building
For Sale
$400,000

212 W High Street, Urbana, IL 61801

Commercial Sale, Urbana, IL

Property SizeContact for details
Lot Size0.24 Acres
Days on Market270

Property Features for 212 W High Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Basement, Bathroom 5, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Basement Partially Finished
Directions Just West of Race at the corner of High & Cedar
Subdivision Urbana
Standard status Active
APN 922117142003
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 51, PT 52 ROE'S 2ND ADD
Tax Annual Amount 8842
Legal Description LOTS 51, PT 52 ROE'S 2ND ADD

Utilities

Utilities Cable Available
Cooling system Window Unit(s)

Amenities

coin-operated laundry
wrap around front porch

Building Details

Year built 1893
Floors in Building 2
Number of units 5
Building materials Shingle Siding
Listing Agency: RE/MAX REALTY ASSOCIATES-CHA · RE/MAX International
Listed By: Kimberly Krisman-Quigg · License #475132428
Added: Nov 24, 2025 Changed: Aug 21 Last Checked: Aug 21 at 3:06PM
MLS# 12523542

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.

Built in 1893, this five-unit apartment property includes five one-bedroom, one-bath residences in a 0.24-acre setting. The building has a basement with coin-operated laundry, shingle siding, window-unit cooling, and a wraparound front porch. Recent basement improvements include new flooring and fresh paint.

The corner-lot property at 212 W High Street in Urbana includes four covered parking spaces, additional parking for a fifth tenant and guests, and green space around the building. The property is zoned MULTI. Four of the five units are filled, with tenant occupancy commitments extending through July 2026. Residents pay their own electric service, while ownership covers heat, water, garbage, lawn care, and sewer.

Key Highlights

  • Five one‑bedroom, one‑bath apartment units
  • 0.24‑acre corner lot in Urbana
  • Four covered parking spaces plus additional tenant and guest parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Dental Office Locksmith (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Butcher

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

5
Residential units
80%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,393
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Corner-lot property with covered parking, basement laundry, and a wraparound front porch.
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 $400,000.
What are key features of this property?
This property features: Five one‑bedroom, one‑bath apartment units; 0.24‑acre corner lot in Urbana; Four covered parking spaces plus additional tenant and guest parking
More about this property
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