118-Unit Apartment
502 W Main St Urbana, IL 61801
New
For Sale
Contact for pricing
Built in 1962, this 118-unit community offers studio through three-bedroom floorplans near UIUC.
Days on Market3
Property Features for 502 W Main St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Chicago - Downtown
(312) 612-5944
Listed By:
Lauren Stoliar
(312) 612-5944
Source:
Colliers
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 7:31AM
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 Chicago - Downtown
Investment Insights
Based on property information with market context.
Element on Main is a 118-unit multifamily apartment community built in 1962. The property offers studio, one-, two-, and three-bedroom floorplans, and the current unit interiors are described as in classic condition. The remarks also indicate a value-add renovation approach with targeted interior updates, including updated cabinetry, stainless-steel appliances, and wood-style flooring.
Located at 502 W Main St in Urbana, Illinois, the community is approximately 0.7 miles from the University of Illinois Urbana-Champaign (UIUC). The property is presented as having walkable access to major employers, retail, dining, and lifestyle amenities within the Champaign-Urbana North submarket.
For buyers looking for a renovation strategy, all units are described as available in classic condition, with the opportunity to renovate units to any desired scope.
Located at 502 W Main St in Urbana, Illinois, the community is approximately 0.7 miles from the University of Illinois Urbana-Champaign (UIUC). The property is presented as having walkable access to major employers, retail, dining, and lifestyle amenities within the Champaign-Urbana North submarket.
For buyers looking for a renovation strategy, all units are described as available in classic condition, with the opportunity to renovate units to any desired scope.
Key Highlights
- 118‑unit multifamily community at 502 West Main Street in Urbana, IL
- Built in 1962 and offers studio through three‑bedroom floorplans
- Located 0.7 miles from the University of Illinois Urbana‑Champaign (UIUC)
Property Analytics
Location Intelligence
Current Use by Public Records
Element on Main Apartments
Apartment Complex
FAQs
What type of property is this?
Apartment building - Built in 1962, this 118-unit community offers studio through three-bedroom floorplans near UIUC.
Where is this apartment building located?
The property is located at 502 W Main St Urbana, IL.
What are key features of this property?
This property features: 118‑unit multifamily community at 502 West Main Street in Urbana, IL; Built in 1962 and offers studio through three‑bedroom floorplans; Located 0.7 miles from the University of Illinois Urbana‑Champaign (UIUC)
