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University Multifamily Housing Portfolio
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702 W Green St., Urbana, IL 61801

Three Urbana properties offer varied residential configurations, including on-site parking and proximity to the University of Illinois campus.

Property SizeContact for details
Days on Market145

Property Features for 702 W Green St.

General Information

Standard status Active
Property subtype Multifamily, Land

Additional Details

Multifamily Units 20

Building Details

Buildings 3
Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Josh Markiewicz · License #IL
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 6:26PM

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 multifamily portfolio comprises three Urbana properties with distinct residential layouts. The Green Street property is a two-and-a-half-story house constructed in 1898 and configured as two 4-bedroom units plus one 3-bedroom unit. The Busey Avenue property dates to 1908 and is a one-and-a-half-story house containing six 1-bedroom units with on-site parking. The Main Street property is a two-story house with three 1-bedroom units, including on-site parking.

The portfolio is positioned east of the University of Illinois campus and west of Lincoln Avenue. The Main Street asset is situated east of downtown Urbana rather than near campus. The properties may be acquired together or individually, with the seller expressing a preference for a portfolio transaction.

Key Highlights

  • 20 units and 37 beds across the portfolio
  • 702 W Green Street: two 4‑bedroom units and one 3‑bedroom unit
  • 205 N Busey Avenue: six 1‑bedroom units with on‑site parking

Property Analytics

Current Use

Ben Hammel Consulting Business To Business Service

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Electrical Service Accounting Firm Plumbing Service

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

2,484
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 Urbana properties offer varied residential configurations, including on-site parking and proximity to the University of Illinois campus.
Where is this multifamily property located?
The property is located at 702 W Green St. Urbana, IL.
What are key features of this property?
This property features: 20 units and 37 beds across the portfolio; 702 W Green Street: two 4‑bedroom units and one 3‑bedroom unit; 205 N Busey Avenue: six 1‑bedroom units with on‑site parking
(217) 352-7712 Call to check price and availability
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