Apartment Complex with
For Sale
$2,500,000
705 E Colorado Avenue, Urbana, IL 61801
Secured entry, fiber-optic internet access, and off-street parking serve a mix of apartments and townhouses.
Property Size31,602 SF
Price / SF$79.11
Days on Market34
Property Features for 705 E Colorado Avenue
General Information
Standard status
Active
Size
31,602 SF
Property subtype
Commercial
Zoning
MULTI
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$71,846
Amenities
secured entry
free off-street parking
fiberoptic internet
Building Details
Building Size
31,602 SF
Year Built
1977
Buildings
1
Stories
3
Units
26
Listing Agency:
Green Street Realty
Listed By:
Shannon Collins · License #475178418
(217) 356-8750
Source:
Fishmangroup
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 26 at 3:55AM
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 Green Street Realty
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Investment Insights
Based on property information with market context.
This Urbana multifamily property contains apartments and townhouses with one-, two-, and three-bedroom layouts. Building features include controlled entry, off-street parking, and fiber-optic internet access to each apartment. The property was built in 1977 and is zoned MULTI.
Transit stops for the Red line are half a block away, while the Green St stop is two blocks away. Both routes connect to the downtown central terminal and the University of Illinois campus. Grocery and convenience shopping are also nearby.
Transit stops for the Red line are half a block away, while the Green St stop is two blocks away. Both routes connect to the downtown central terminal and the University of Illinois campus. Grocery and convenience shopping are also nearby.
Key Highlights
- One-, two-, and three‑bedroom apartments and townhouses
- Secured building entry and off‑street parking
- Fiber‑optic internet access reaches every apartment
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Secured entry, fiber-optic internet access, and off-street parking serve a mix of apartments and townhouses.
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: One-, two-, and three‑bedroom apartments and townhouses; Secured building entry and off‑street parking; Fiber‑optic internet access reaches every apartment
