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    Champaign, IL Multifamily Properties for Sale

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    Urbana, IL Savoy, IL East Peoria, IL
    9 results
    Downtown Champaign Mixed-Use Building
    $1,250,000
    5,865 SF

    Downtown Champaign Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    Prime mixed-use property in downtown Champaign with rental income.

    • 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.
    Updated: Feb 10
    View details
    Four-Unit Residential Income Building
    $274,000
    0.20 Acres

    Four-Unit Residential Income Building

    403 W Columbia Avenue, Champaign, IL 61820

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

    • 4‑unit multi‑family building with four 1 bed/1 bath units
    • Units numbered 1, 3, 4, and 5
    • Rent increases on 3 of the 4 leases have already been agreed upon
    • Public water and public sewer
    • Aluminum siding exterior with baseboard heating
    Updated: May 10
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    Champaign Multifamily Property For Sale
    $239,900
    0.22 Acres

    Champaign Multifamily Property For Sale

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

    1011 W CHURCH Street, Champaign, IL 61821
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    All-Brick Duplex in Champaign, IL
    $230,000
    0.30 Acres

    All-Brick Duplex in Champaign, IL

    Well-maintained duplex with hardwood floors and strong rental history.

    1210-1212 Julie Drive, Champaign, IL 61821
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    Champaign Multifamily Building For Sale
    $249,900

    Champaign Multifamily Building For Sale

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

    1013 W Church Street, Champaign, IL 61820
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    Turnkey 9-Unit Investment Property
    $415,000
    0.19 Acres

    Turnkey 9-Unit Investment Property

    Fully renovated 9-unit building near Downtown Champaign.

    613 W Church Street, Champaign, IL 61820
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    Spacious Townhomes Near University
    Contact for pricing

    Spacious Townhomes Near University

    45-unit townhome community near the University of Illinois.

    1801 West John Street, Champaign, IL 61821
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    Downtown Champaign Mixed-Use Building
    $1,995,000
    18,576 SF

    Downtown Champaign Mixed-Use Building

    Historic building with residential and commercial spaces in downtown Champaign.

    112 W Hill Street, Champaign, IL 61820
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    Prime Development Land Near UIUC
    Contact for pricing
    2.25 Acres

    Prime Development Land Near UIUC

    2.25 acres near University of Illinois Urbana-Champaign campus.

    113 E University Ave, Champaign, IL 61820
    View details
    Based on your search, we've compiled 63 Potential Opportunities for your consideration. Besides 9 Active listings in Champaign, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 46 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Urbana Duplex Near U of I
    $149,900
    0.22 Acres

    Urbana Duplex Near U of I

    Well-located Urbana duplex with strong rental potential near U of I.

    1207 N Linview Avenue, Urbana, IL 61801
    View details
    Urbana Rooming House Investment
    $349,900

    Urbana Rooming House Investment

    10-bedroom rooming house near Illini Grove and campus.

    805 W Oregon Street, Urbana, IL 61801
    View details
    Danville Multifamily Investment Opportunity
    $129,900
    0.35 Acres

    Danville Multifamily Investment Opportunity

    Five units with value-add potential in Danville, Illinois.

    716 Robinson Street, Danville, IL 61832
    View details
    Centrally Located Multifamily Property
    $79,900
    1,400 SF

    Centrally Located Multifamily Property

    Multifamily investment opportunity in a central location.

    1003 N Franklin St, Danville, IL 61832
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Wooded Homesite in Wheatfield, Indiana
    Contact for pricing
    0.57 Acres

    Wooded Homesite in Wheatfield, Indiana

    Spacious, wooded 0.57-acre lot in established neighborhood.

    4418 Oakland Court, Wheatfield, IN 46392
    View details
    Unrestricted Land Near Route 67
    $70,000
    2.10 Acres

    Unrestricted Land Near Route 67

    2.1 acres with boundless possibilities near Jerseyville and Godfrey.

    17039 Hillside Lane, Jerseyville, IL 62052
    View details

    Off-Market Properties in Champaign, IL

    Consider similar Off-Market properties in Champaign, 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.

    105 Armory Ave
    BOARDING/ROOMING HOUSE
    Estimated value
    $2,000,000

    105 Armory Ave, Champaign, IL 61820-6614

    View details
    303 John St
    BOARDING/ROOMING HOUSE
    Estimated value
    $2,100,000

    303 John St, Champaign, IL 61820-5612

    View details
    4809 Windsor Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 35.00 Acres
    Estimated value
    $8,955,000

    4809 Windsor Rd, Champaign, IL 61822-9206

    View details
    1301 Leverett Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 5.70 Acres
    Value Estimation by Request

    1301 Leverett Rd, Champaign, IL 61822-9412

    View details
    208 Daniel St
    BOARDING/ROOMING HOUSE
    Estimated value
    $5,775,000

    208 Daniel St, Champaign, IL 61820-6015

    View details
    301 Armory Ave
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    301 Armory Ave, Champaign, IL 61820-6701

    View details
    515 Edgebrook Dr
    MOBILE HOME PARK, TRAILER PARK
    Value Estimation by Request

    515 Edgebrook Dr, Champaign, IL 61820-2186

    View details
    565 County Rd 1600th N
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.82 Acres
    Value Estimation by Request

    565 County Rd 1600th N, Champaign, IL 61822-8603

    View details
    565 County Rd 1600th N
    MOBILE HOME PARK, TRAILER PARK
    Lot: 1.78 Acres
    Value Estimation by Request

    565 County Rd 1600th N, Champaign, IL 61822-8603

    View details
    611 Daniel St
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    611 Daniel St, Champaign, IL 61820-6213

    View details
    803 2nd St
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    803 2nd St, Champaign, IL 61820-6018

    View details
    1105 4th St
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    1105 4th St, Champaign, IL 61820-6705

    View details
    106 12th E Chalmers St
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    106 12th E Chalmers St, Champaign, IL 61820-6002

    View details
    Champaign, IL 61820
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    Champaign, IL 61820

    View details
    310 Gregory Dr
    BOARDING/ROOMING HOUSE
    Value Estimation by Request

    310 Gregory Dr, Champaign, IL 61820-6733

    View details

    Champaign, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 55 multifamily properties for sale in Champaign, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 24,441 square feet of properties for sale, with an estimated market value of $3,650,000.

    Sale prices for multifamily properties in Champaign, IL start at $1,250,000, averaging $1,825,000, and reaching up to $2,400,000 — 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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    Top Commercial Asset Segments

    Apartment buildings 5
    Quadplexes 2
    Duplexes 1

    Property Size Breakdown

    The majority of commercial real estate listings in Champaign fall within the 100,000+ square foot range.

    Demographics Overview

    Population 96K
    Population Growth (5Y) +1.5%
    Median Household Income $62,086
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Champaign submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    61821 $235K
    61820 $847.8K

    Taxes & Financing

    Tax Rate (average for all types) 8.86%
    Property Tax per SF $37.00 per sq ft
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Champaign, IL

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