10-Unit Apartment
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 Market48
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 6, Bedroom 12, Bedroom 1, Bedroom 16, Bedroom 10, Bedroom 9, Bathroom 8, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 11, Bedroom 14, Bathroom 7, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 10, Bedroom 15, Bedroom 8, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 9, Bedroom 13, Bathroom 3
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
Additional Details
Tenant in Place
Yes
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
Building Details
Floors in Building
3
Number of units
10
Buildings
1
Listing Agency:
eXp Realty-Champaign
Listed By:
J Leman · License #475184798
(888) 574-9405
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 1 at 8:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,745
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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
