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Apartment Building with Rental House
For Sale
Contact for pricing
Pending

712 W Illinois St, Urbana, IL 61801

Five rental units include updated kitchens, bathrooms, windows, and on-site parking.

Property SizeContact for details
Days on Market144

Property Features for 712 W Illinois St

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 3 x 3BR, 1 x 2BR, 1 x 4BR/2BA
Multifamily Units 5

Amenities

parking

Building Details

Buildings 2
Listing Agency: Green Street Reality
Listed By: Anthony Bamert · License #IL 475131011
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 1:49AM

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 Reality

Investment Insights

Based on property information with market context.

This multifamily property combines four apartments with a separate rental house. The apartment component consists of three three-bedroom residences and one two-bedroom residence. The detached house provides four bedrooms and two bathrooms, creating a varied residential configuration within one property. On-site parking is included.

The property sits one block from the University of Illinois in Urbana’s Core Campus rental district. All units comply with City of Urbana regulations. Owner improvements include work to the kitchens, bathrooms, and windows, supporting the property’s current residential use.

Key Highlights

  • Four apartments plus a separate rental house
  • Unit mix includes three 3‑bedroom apartments and one 2‑bedroom apartment
  • Standalone house has four bedrooms and two bathrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Electrical Service Furniture & Home Goods Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,798
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five rental units include updated kitchens, bathrooms, windows, and on-site parking.
Where is this apartment building located?
The property is located at 712 W Illinois St Urbana, IL.
What are key features of this property?
This property features: Four apartments plus a separate rental house; Unit mix includes three 3‑bedroom apartments and one 2‑bedroom apartment; Standalone house has four bedrooms and two bathrooms
(217) 649-6775 Call to check price and availability
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