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    Urbana, IL Multifamily Properties for Sale

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    Champaign, IL Savoy, IL East Peoria, IL Philo, IL Peoria, IL Tolono, IL Saint Joseph, IL Sidney, IL
    21 properties
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    Corner Apartment Building with Porch
    Updated: Nov 19, 2025
    Corner Apartment Building with Porch

    212 W High Street, Urbana, IL 61801

    $410,000
    2,204 sqft
    Fully leased corner apartment building with five 1‑bedroom, 1‑bath units (212 W High).
    Coin‑operated laundry in the basement.
    Tenants pay electric; owner covers heat, water, garbage, lawncare, and sewer.
    4 covered parking spots plus additional space for a 5th tenant and guests.
    Wrap‑around front porch and corner lot with lots of green space.
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    This listing looks promising.

    Here's a quick look at some key insights for

    212 W High Street, Urbana, IL 61801

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $17K
      Annual

    • Price @ 7% Cap

      $243K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1893
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    8-Unit Apartment Building with Patios
    Updated: Jun 10
    8-Unit Apartment Building with Patios

    206 Grove Street, Urbana, IL 61802

    $899,000
    0.19 AC lot
    8‑unit apartment building with eight two‑bedroom, one‑bath apartments
    In‑unit stackable laundry in every unit
    Private patio or balcony access for each apartment
    0.19‑acre lot and year built 1976
    Updated flooring, bathroom renovations, exterior repairs, and complete exterior repainting
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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    709 W Nevada Street, Urbana, IL 61801

    $589,000
    0.18 AC lot

    Five-unit apartment building with basement laundry and on-site parking, including four two-bedroom units plus one three-bedroom unit.

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    Apartment Building with Parking Lot
    Apartment Building with Parking Lot

    503 W Green Street, Urbana, IL 61801

    $725,000

    Historic apartment building with 11 units, stabilized unit mix, and a back lot facing High Street used for parking.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Renovated Mixed-Use Building with Retail
    Renovated Mixed-Use Building with Retail

    218 W Main Street, Urbana, IL 61801

    $995,000
    7,750 sqft

    Historic Stephen's Building offers two leased ground-floor retail spaces and four fully renovated apartments.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    212 W High Street, Urbana, IL 61801

    $410,000
    0.24 AC lot

    Corner-lot apartment property with covered parking, basement laundry, and a wraparound front porch.

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    Updated 8-Bedroom Duplex
    Updated 8-Bedroom Duplex

    709 W California Avenue, Urbana, IL 61801

    $360,000

    Residential income property near the University of Illinois with recent improvements and separately metered tenant utilities.

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    10-Bedroom Rooming House Apartment Building
    10-Bedroom Rooming House Apartment Building

    805 W Oregon Street, Urbana, IL 61801

    $335,000

    Apartment building rooming house with 10 bedrooms, on-site parking, and an in-place lease running through July 2027.

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

    206 S GROVE ST, Urbana, IL 61802

    Contact for pricing
    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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    Remodeled Corner-Lot Duplex
    Remodeled Corner-Lot Duplex

    2313 S Anderson Street, Urbana, IL 61801

    $249,900

    Brick duplex on a corner lot with both units remodeled and pre-inspected, featuring forced-air heating and garage parking.

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    Triplex Redevelopment Opportunity with Basement
    Triplex Redevelopment Opportunity with Basement

    501 W. California Ave, Urbana, IL 61801

    Contact for pricing
    3,100 sqft

    Three-unit apartment building redevelopment with permits through 12/23/26 and a 1,300-square-foot basement with direct exterior access.

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    Renovated Multifamily Building
    Renovated Multifamily Building

    1306 Silver Street, Urbana, IL 61801

    Contact for pricing
    12,086 sqft

    Fully renovated multifamily property with a 2BR/1BA-focused unit mix and new major building systems throughout.

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    Improved Commercial Land with Mobile Park
    Improved Commercial Land with Mobile Park

    3202 E University Ave, Urbana, IL 61802

    Contact for pricing
    1.88 AC lot

    Improved corner commercial parcel with an operating mobile home park, including nine occupied pads and metered utilities.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    709 W Nevada Street, Urbana, IL 61801

    $589,000

    Multi-unit apartment property with basement laundry and dedicated on-site parking.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    218 Main St, Urbana, IL 61801

    $995,000

    Fully renovated and fully leased downtown Urbana building with two street-level commercial suites and four residential units.

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    118-Unit Apartment Building
    118-Unit Apartment Building

    502 W Main St, Urbana, IL 61801

    Contact for pricing

    Built in 1962, this 118-unit community offers studio through three-bedroom floorplans near UIUC.

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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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    Student Rooming House with Parking
    Student Rooming House with Parking

    805 W Oregon Street, Urbana, IL 61801

    Contact for pricing

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

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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

    218 W Main Street, Urbana, IL 61801

    Contact for pricing

    Historic property combines two commercial suites with four renovated two-bedroom apartments and secure residential entry.

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

    1109 Scovill Street, Urbana, IL 61801

    Contact for pricing

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

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    Side-by-Side Duplex with Parking
    Side-by-Side Duplex with Parking

    603 E California Ave, Urbana, IL 61801

    Contact for pricing

    Side-by-side duplex with one-bedroom units, front parking, and an additional potential alley space.

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

    Off-Market Properties in Urbana, IL

    Consider similar Off-Market properties in Urbana, 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

    $290,000
    Estimated value
    1,550 sqft 0.15 AC lot
    View details
    805 Oregon St
    BOARDING/ROOMING HOUSE

    805 Oregon St, Urbana, IL 61801-3825

    $355,000
    Estimated value
    1,275 sqft 0.15 AC lot
    View details
    803 Nevada St
    BOARDING/ROOMING HOUSE

    803 Nevada St, Urbana, IL 61801-3808

    $290,000
    Estimated value
    1,430 sqft 0.14 AC lot
    View details

    Urbana, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Urbana, IL, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 32,340 square feet of properties for sale, with an estimated market value of $6,681,900.

    Sale prices for multifamily properties in Urbana, IL start at $125,000, averaging $556,825, and reaching up to $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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 11
    Duplexes 4
    Quadplexes 3
    Mobile home & RV parks 1
    Triplexes 1

    Demographics Overview

    Population 47K
    Population Growth (5Y) -5.1%
    Median Household Income $46,466
    College Educated 55.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61801 $581.2K
    61802 $949K

    Taxes & Financing

    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 Urbana fall within the 25,000 to 50,000 square foot range.

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