Champaign, IL Multifamily Properties for Sale

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22 properties

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Updated: Aug 24

Victorian Triplex with Off-Street Parking

408 W Healey Street, Champaign, IL 61820

$220,000

0.20 AC lot

Three‑unit Victorian property built in 1903
All three units leased through July 2027
0.2‑acre lot at 408 W Healey Street, Champaign, IL 61820
First‑floor unit with living room, dining room, bedroom, full bath, and eat‑in kitchen
Two one‑bedroom efficiency units with kitchens and full baths

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Updated: May 10

Four-Unit Quadplex

403 W Columbia Avenue, Champaign, IL 61820

$274,000

0.20 AC lot

4‑unit building with 4 1bed/1bath residences
Units identified as 1, 3, 4, and 5
Rent increases agreed upon for 3 of the 4 leases
Built in 1898 with aluminum siding and baseboard heating
0.2‑acre lot with owned driveway parking

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Renovated 9-Unit Apartment Building

613 W Church Street, Champaign, IL 61820

$339,000

0.19 AC lot

The property combines SRO and studio units, each with a private bathroom.

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Restaurant and Residential Building

10 E CHESTER ST, Champaign, IL 61820

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7,000 sqft

Two-level property combines an established restaurant with a large two-bedroom residential unit.

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Six-Unit Apartment Building

1013 W Church Street, Champaign, IL 61821

$199,900

Multifamily property with varied studio and one-bedroom layouts, individual kitchens, and a detached two-car garage.

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32-Unit Apartment Building with Elevator

11 East Columbia Avenue, Champaign, IL 61820

$5,000,000

7,564 sqft

Downtown building offers secure access, covered parking, and in-unit laundry.

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4-Unit Quadplex with Attached Garages

3738-3744 Summer Sage Ct, Champaign, IL 61822

$800,000

Three units are leased through July 2027, while the fourth has been renovated for occupancy.

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Duplex with Attached Garages

1615 /1617 W Union St, Champaign, IL 61821

$305,000

Two residential units combine private outdoor access, in-unit laundry, equipped kitchens, and separate attached parking.

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Two-Unit Duplex with Attached Garages

1615/1617 W Union St, Champaign, IL 61821

$305,000

1998-built income property with separate residential layouts and built-in kitchen appliances.

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Victorian Triplex with Off-Street Parking

408 W Healey St, Champaign, IL 61820

$220,000

Three leased units offer varied layouts, private kitchens, full baths, and basement laundry access.

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9-Unit Renovated Apartment Building

613 W Church St, Champaign, IL 61820

$339,000

Updated apartment property with private bathrooms, separate electric meters, secure entry, cameras, and an on-site laundry room.

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Multifamily Apartment Building with Balconies

1007 S Locust St, Champaign, IL 61820

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Fully leased multifamily property with in-unit laundry and dishwashers, plus most units featuring private balconies.

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Duplex Portfolio with Two-Car Garages

805 Prestwick Point, Champaign, IL 61822

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Turnkey portfolio of 11 duplex buildings with fully leased 3- and 2-bedroom units featuring two-car garages.

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12-Unit Townhome Package

3321 Boulder Ridge Dr, Champaign, IL 61822

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Newer townhomes feature solar panels and EV hookups in every garage.

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Multifamily Apartment Community

2106 W White St, Champaign, IL 61821

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Market-rate multifamily community with over 500 units and an active renovation program, including a newly built clubhouse.

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Student Housing Apartment Building

203 E Stoughton St, Champaign, IL 61820

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24 fully furnished one-bedroom units each include an in-unit washer/dryer and flat screen TV.

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21-Unit Apartment Complex

508 S Mattis Ave, Champaign, IL 61821

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Off-campus residential complex with covered parking, courtyard, and on-site laundry.

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Furnished Student Housing Apartments

508 E Stoughton St, Champaign, IL 61820

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Multifamily property offering furnished apartments near the University of Illinois, County Market, and the Engineering Quad.

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Upgraded 12-Unit Student Housing

403 E White St, Champaign, IL 61820

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Two-bedroom apartments feature open living areas and granite countertops near the University of Illinois.

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Student Housing Apartment Building

201 E Healey St, Champaign, IL 61820

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Upgraded student housing with finished interiors and convenient access to campus destinations.

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Student and Non-Student Multifamily Portfolio

107 S Wright St, Champaign, IL 61820

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Eighteen multifamily assets serve both student and non-student residents near the University of Illinois campus.

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Downtown Mixed-Use Building

110-120 N Neil St, Champaign, IL 61820

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Mixed-use property with commercial businesses, residential lofts, and an adjacent patio/courtyard lot.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Champaign, IL, we suggest to view alternatives - similar 46 Off-Market properties to explore as potential leads.

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.

BOARDING/ROOMING HOUSE

105 Armory Ave, Champaign, IL 61820-6614

$2,140,000

Estimated value

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BOARDING/ROOMING HOUSE

303 John St, Champaign, IL 61820-5612

$2,100,000

Estimated value

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Champaign, IL Multifamily Properties Market Trends and Statistics

Explore 68 multifamily properties for sale in Champaign, IL, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 14,564 square feet of properties for sale, with an estimated market value of $8,001,900.

Sale prices for multifamily properties in Champaign, IL start at $199,900, averaging $800,190, and reaching up to $5,000,000 — 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

Commercial property segments ranked by active listings on the market

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 average listing prices of real estate assets

Neighborhood	Average Price
61821	$270K
61822	$800K
61820	$1.1M

Taxes & Financing

Tax Rate (average for all types) 8.86%

Property Tax per SF $37.00 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

Property Size Breakdown

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

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