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Historic Greek Housing Multifamily Property
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606 W Ohio St, Urbana, IL 61801

Three-story campus-area housing property with shared dining, kitchen, parking, and chapter-house facilities.

Property Size10,000 SF
Lot Size0.34 Acres
Days on Market144

Property Features for 606 W Ohio St

General Information

Standard status Active
Size 10,000 SF
Lot size 0.34 Acres
Property subtype Multifamily, Special Purpose

Additional Details

Road Access Yes
Sprinkler System Yes

Amenities

commercial-grade kitchen
dining hall
front yard
side porch
surface parking lot

Building Details

Year Built 1935
Buildings 1
Stories 3
Construction Gothic Revival
Tenancy Single
Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Josh Markiewicz · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:53AM

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 Coldwell Banker Commercial Devonshire Realty

Investment Insights

Based on property information with market context.

This three-story multifamily property with a basement was constructed in 1935 in the Gothic Revival style. The approximately 10,000-square-foot chapter house includes 25 bedrooms with capacity for up to 50 beds, a commercial-grade kitchen, dining hall, expansive front yard, elevated side porch, and surface parking. Property improvements include a whole-house fire suppression system, external staircase, two boilers installed in 2011, a 2017 water heater, updated commercial kitchen equipment, and a roof replaced in 2021. Interior repainting and hardwood floor resealing were completed in 2019.

The property occupies an approximately 14,866-square-foot lot on Ohio Street between Busey Avenue and Orchard Street, east of Campus Recreation Center East. It is within walking distance of University of Illinois academic buildings, Stanley Illini Grove, Turner Hall, Krannert Center, and nearby fraternities and sororities. The property was leased to Omega Delta beginning in fall 2020, with the lease extending through July 2022.

Key Highlights

  • Approximately 10,000 SF three‑story house with basement
  • 25 bedrooms with capacity for up to 50 beds
  • Approximately 14,866 SF lot on Ohio Street

Property Analytics

Current Use

Kellner Rental Properties Vacation Rental

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Kitchen & Bath Showroom Home Appliance Store Dental Office Florist

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

Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,274
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three-story campus-area housing property with shared dining, kitchen, parking, and chapter-house facilities.
Where is this multifamily property located?
The property is located at 606 W Ohio St Urbana, IL.
What are key features of this property?
This property features: Approximately 10,000 SF three‑story house with basement; 25 bedrooms with capacity for up to 50 beds; Approximately 14,866 SF lot on Ohio Street
(217) 403-3424 Call to check price and availability
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