Multifamily Property with
705 E Colorado Avenue, Urbana, IL 61801
For Sale
$2,500,000
Commercial Sale, Urbana, IL
Property SizeContact for details
Lot Size0.87 Acres
Days on Market47
Property Features for 705 E Colorado Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
secured entry
fiberoptic internet access
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
Green Street Realty
Listed By:
Shannon Collins · License IL #475178418
(217) 356-8750
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 9 at 8:06PM
MLS# 12751949
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.
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Investment Insights
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This multifamily property includes apartments and townhouses with 1-, 2-, and 3-bedroom configurations. The 1977-built property has central air, secured entry, off-street parking, and fiber-optic internet access in every apartment. It occupies 0.87 acres and is zoned MULTI.
Transit stops on the Red line are half a block away, while Green St is two blocks away; both routes connect to the downtown central terminal and the University of Illinois campus. Grocery and convenience shopping are nearby.
Transit stops on the Red line are half a block away, while Green St is two blocks away; both routes connect to the downtown central terminal and the University of Illinois campus. Grocery and convenience shopping are nearby.
Key Highlights
- Apartments and townhouses with 1-, 2-, and 3‑bedroom layouts
- 0.87‑acre site zoned MULTI
- Built in 1977 with central air
Property Analytics
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Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
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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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Market
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The rental community offers varied apartment and townhouse layouts, secured entry, and off-street parking.
Where is this apartment building located?
The property is located at 705 E Colorado Avenue Urbana, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Apartments and townhouses with 1-, 2-, and 3‑bedroom layouts; 0.87‑acre site zoned MULTI; Built in 1977 with central air
