10-Unit Apartment
For Sale
$825,000
705 W Elm Street, Urbana, IL 61801
On-site laundry and tenant-rentable parking serve a fully leased apartment property.
Property SizeContact for details
Days on Market45
Property Features for 705 W Elm Street
General Information
Standard status
Active
Property subtype
Commercial
Units
Unit Mix
6 x 2BD, 4 x 1BD
Multifamily Units
10
Additional Details
Furnished
Yes
Gross Income
$117,240
Taxes and HOA fees
Annual Taxes
$18,952
Amenities
on-site laundry facility
fiber-optic internet
window air conditioner
gas stove
Building Details
Buildings
1
Stories
3
Units
10
Listing Agency:
eXp Realty-Champaign
Listed By:
J Leman · License #475184798
(888) 574-9405
Source:
Fishmangroup
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 26 at 3:48AM
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 eXp Realty-Champaign
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Investment Insights
Based on property information with market context.
This 10-unit apartment building contains six two-bedroom residences and four one-bedroom residences. An on-site laundry facility serves the building, and parking is available for tenants to rent. Each unit has a window air conditioner and a kitchen with a gas stove. The efficiencies are furnished and include fiber-optic internet.
The building is on campus at 705 W Elm Street in Urbana. It is fully leased for the 2026/2027 school year.
The building is on campus at 705 W Elm Street in Urbana. It is fully leased for the 2026/2027 school year.
Key Highlights
- 10 units: six 2 BD and four 1 BD apartments
- Fully leased for the 2026/2027 School year
- On‑site laundry facility
Property Analytics
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,745
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 - On-site laundry and tenant-rentable parking serve a fully leased apartment property.
Where is this apartment building located?
The property is located at 705 W Elm Street Urbana, IL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10 units: six 2 BD and four 1 BD apartments; Fully leased for the 2026/2027 School year; On‑site laundry facility
