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    Champaign County, IL Multifamily Properties for Sale

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    Downtown Champaign Mixed-Use Building
    Updated: Feb 10
    Downtown Champaign Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    $1,250,000
    5,865 sqft 0.08 AC lot
    Prime downtown location in Champaign's central business district (CB2 zoning).
    Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
    First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
    Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
    Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.
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    This listing looks promising.

    Here's a quick look at some key insights for

    320 N Neil Street, Champaign, IL 61820

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    • Est. Cap Rate

      3.3%
      NOI ÷ price

    • Est. NOI

      $41K
      Annual

    • Mortgage

      $1M
      Aug 2023

    • Last Sold

      Aug 2023
      $1.25M
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    Urbana Multifamily Investment Opportunity
    Updated: May 27
    Urbana Multifamily Investment Opportunity

    503 W Green Street, Urbana, IL 61801

    $749,900
    Two separate parcels with 11 units; current income is $8,800/month and projects to $9,400/month starting Aug 1, 2026
    Unit mix includes 10 one‑bedroom/studio apartments and 1 two‑bedroom; all units are stabilized and fully leased
    Back lot is 58' x 123', faces High Street, and is currently used for parking
    Major electrical upgrades completed in 2024
    Built in 1890 (antebellum mansion on the Green Street side)
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    8-Unit Multifamily with Private Patios
    8-Unit Multifamily with Private Patios

    206 Grove Street, Urbana, IL 61802

    $949,000
    0.19 AC lot

    Well-maintained 8-unit building with two-bedroom units, in-unit laundry, and surface parking.

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    Garden-Style Eight-Unit Multifamily
    Garden-Style Eight-Unit Multifamily

    206 S GROVE ST, Urbana, IL 61802

    $949,000
    7,200 sqft

    Updated eight-unit property with in-unit laundry and private patio or balcony access for each two-bedroom home.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Four-Unit Residential Income Building
    Four-Unit Residential Income Building

    403 W Columbia Avenue, Champaign, IL 61820

    $274,000
    0.20 AC lot

    Four 1-bedroom units provide a straightforward rental income setup with an established history.

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    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    709 W Nevada Street, Urbana, IL 61801

    $589,000
    0.18 AC lot

    Well-maintained 5-unit property near University of Illinois campus.

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    Champaign Multifamily Property For Sale
    Champaign Multifamily Property For Sale

    1011 W CHURCH Street, Champaign, IL 61821

    $239,900
    0.22 AC lot

    Four-unit property with updates and redevelopment potential in Champaign, IL.

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    Duplex with Basement and Garage
    Duplex with Basement and Garage

    506 W William Street, Champaign, IL 61820

    $225,000
    1,282 sqft

    Two-unit duplex with basement, covered porches, central air, and detached garage plus off-street parking.

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    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    212 W High Street, Urbana, IL 61801

    $410,000
    0.24 AC lot

    Fully leased 5-unit building with parking and coin laundry.

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    Turnkey 9-Unit Multifamily Investment
    Turnkey 9-Unit Multifamily Investment

    613 W Church Street, Champaign, IL 61820

    $415,000
    0.19 AC lot

    Fully renovated 9-unit mix with private bathrooms and an on-site laundry room, supported by executed leases.

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    Union Street Duplex Investment
    Union Street Duplex Investment

    1615-1617 West Union Street, Champaign, IL 61821

    $320,000
    2,260 sqft

    Two attached units on West Union include attached 1-car garages, eat-in kitchens with deck access, and in-unit laundry closets.

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    10-Bedroom Rooming House
    10-Bedroom Rooming House

    805 W Oregon Street, Urbana, IL 61801

    $349,900

    Leased 10-bedroom rooming house in Urbana with parking and a lease term through July 2027.

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    Champaign Multifamily Building For Sale
    Champaign Multifamily Building For Sale

    1013 W Church Street, Champaign, IL 61820

    $249,900

    Six-unit building in Champaign, ideal for future development.

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    Student Rooming House with Parking
    Student Rooming House with Parking

    805 W Oregon Street, Urbana, IL 61801

    $349,900

    A 10-bedroom rooming house currently leased through July 2027 with strong student-group fit and on-site parking.

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    1913 Historic Mixed-Use Building
    1913 Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential space.

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    Remodeled Duplex on Corner Lot
    Remodeled Duplex on Corner Lot

    2313 S Anderson Street, Urbana, IL 61801

    $249,900

    Duplex on a corner lot with both units remodeled and pre-inspected.

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    Ranch-Style Duplex with Garages
    Ranch-Style Duplex with Garages

    1109 Scovill Street, Urbana, IL 61801

    $185,000

    Well-maintained duplex offers two 2-bedroom units with detached garages and in-unit laundry setups.

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    Leased Duplex Investment Property
    Leased Duplex Investment Property

    703 W High Street, Urbana, IL 61801

    $249,900

    Two-unit duplex with both units leased through August 2027 and recent interior updates including 2025 paint.

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    Updated Condo with Modern Amenities
    Updated Condo with Modern Amenities

    1310 Brighton Drive #1310, Urbana, IL 61801

    $125,000

    Move-in ready 3-bedroom condo with recent updates and convenient location.

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    Well-Maintained Apartment Complex in Rantoul
    Well-Maintained Apartment Complex in Rantoul

    1942 COUNTY ROAD 3000N, Rantoul, IL 61866

    $685,000
    1.45 AC lot

    Sixteen-unit apartment complex with strong rental appeal in Rantoul.

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    Spacious Townhomes Near University
    Spacious Townhomes Near University

    1801 West John Street, Champaign, IL 61821

    Contact for pricing

    45-unit townhome community near the University of Illinois.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Champaign County, IL, we suggest to view alternatives - similar 51 Off-Market properties to explore as potential leads.

    Off-Market Properties in Champaign County, IL

    Consider similar Off-Market properties in Champaign County, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    801 Nevada St
    BOARDING/ROOMING HOUSE

    801 Nevada St, Urbana, IL 61801-3808

    Value Estimation by Request
    1,550 sqft 0.15 AC lot
    View details
    805 Oregon St
    BOARDING/ROOMING HOUSE

    805 Oregon St, Urbana, IL 61801-3825

    Value Estimation by Request
    1,275 sqft 0.15 AC lot
    View details
    803 Nevada St
    BOARDING/ROOMING HOUSE

    803 Nevada St, Urbana, IL 61801-3808

    Value Estimation by Request
    1,430 sqft 0.14 AC lot
    View details

    Champaign County, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Champaign County, IL, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 32,923 square feet of properties for sale, with an estimated market value of $4,419,000.

    Sale prices for multifamily properties in Champaign County, IL start at $225,000, averaging $1,104,750, and reaching up to $1,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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