10-Unit Apartment
New
For Sale
$825,000
705 W Elm Street, Urbana, IL 61801
Commercial Sale, Urbana, IL
Property SizeContact for details
Lot Size0.14 Acres
Days on Market1
Property Features for 705 W Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 1, Bedroom 15, Bathroom 10, Bedroom 2, Bathroom 7, Bedroom 8, Bedroom 1, Bedroom 9, Bedroom 3, Bathroom 9, Bedroom 12, Bathroom 3, Bedroom 11, Bathroom 6, Bathroom 5, Bedroom 14, Bedroom 10, Bathroom 4, Bedroom 6, Bedroom 13, Bathroom 2, Bedroom 16, Bedroom 4, Bedroom 5, Bathroom 8, Bedroom 7
Directions
I74 E, S ON LINCOLN, E ON SPRINGFIELD, S ON COLER,W ON ELM
Subdivision
Urbana
Standard status
Active
APN
922117106005
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SIM'S, JOSEPH W., JR., & SARAH A., ADD SEC 17 TWP 19N R9E
Tax Annual Amount
18952
Legal Description
SIM'S, JOSEPH W., JR., & SARAH A., ADD SEC 17 TWP 19N R9E
Utilities
Cooling system
Window Unit(s)
Amenities
on-site laundry facility
fiber-optic internet
window air conditioner
gas stove
parking available
Building Details
Floors in Building
3
Number of units
10
Listing Agency:
eXp Realty-Champaign
(888) 574-9405
Listed By:
J Leman · License #475184798
(217) 778-5320
Added: Sep 15
Last Checked: Sep 15 at 4:06PM
MLS# 12760030
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.
Investment Insights
Based on property information with market context.
This 10-unit apartment property includes six two-bedroom units and four one-bedroom units. The building offers an on-site laundry facility, tenant parking available for rent, and window-unit cooling throughout. Each apartment kitchen is equipped with a gas stove. The efficiencies are furnished and include fiber-optic internet service.
Located on campus in Urbana, the property is fully leased for the 2026/2027 school year. The 0.14-acre parcel supports a compact multifamily asset with a mix of unit configurations designed for residential occupancy.
Located on campus in Urbana, the property is fully leased for the 2026/2027 school year. The 0.14-acre parcel supports a compact multifamily asset with a mix of unit configurations designed for residential occupancy.
Key Highlights
- 10‑unit apartment building with six 2 BD units and four 1 BD units
- Fully leased for the 2026/2027 school year
- On‑campus Urbana location
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Campus-oriented apartment property with varied unit layouts, on-site laundry, tenant parking, and furnished efficiencies with fiber-optic internet.
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‑unit apartment building with six 2 BD units and four 1 BD units; Fully leased for the 2026/2027 school year; On‑campus Urbana location
