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Campus-Adjacent Multifamily Property
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Pending

809 S Busey Ave, Urbana, IL 61801

Multifamily property positioned along the east side of the U of I campus, near Lincoln Avenue and university facilities.

Property SizeContact for details
Days on Market144

Property Features for 809 S Busey Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Green Street Reality
Listed By: Anthony Bamert · License #IL 475131011
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 11:29AM

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 is situated on the eastern edge of the U of I campus, immediately east of Lincoln Avenue. Its setting places the property within walking distance of Cafe Paradiso, the Oregeon Ave Computer Lab, the Department of Dance, and the Department of Education Early Childhood Lab.

Krannert Performing Arts Center is two blocks away, while the primary Quad is three blocks from the property. The surrounding university context provides close proximity to academic, cultural, and campus destinations.

Key Highlights

  • Located on the east edge of the U of I campus
  • Immediately east of Lincoln Avenue
  • One block from Cafe Paradiso, Oregeon Ave Computer Lab, Department of Dance, and Department of Education Early Childhood Lab

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Dental Office Butcher Accounting Firm Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

2,118
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property positioned along the east side of the U of I campus, near Lincoln Avenue and university facilities.
Where is this multifamily property located?
The property is located at 809 S Busey Ave Urbana, IL.
What are key features of this property?
This property features: Located on the east edge of the U of I campus; Immediately east of Lincoln Avenue; One block from Cafe Paradiso, Oregeon Ave Computer Lab, Department of Dance, and Department of Education Early Childhood Lab
(217) 649-6775 Call to check price and availability
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