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    Urbana, IL Multifamily Properties for Sale

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    Champaign, IL Savoy, IL East Peoria, IL Philo, IL Saint Joseph, IL Peoria, IL Tolono, IL Thomasboro, IL
    16 properties
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    10-Unit Apartment Building
    Updated: Sep 15
    10-Unit Apartment Building

    705 W Elm Street, Urbana, IL 61801

    $825,000
    0.14 AC lot
    10‑unit apartment building with six 2 BD units and four 1 BD units
    Fully leased for the 2026/2027 school year
    On‑campus Urbana location
    On‑site laundry facility and tenant parking available to rent
    Furnished efficiencies with fiber‑optic internet
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    Multifamily Property with Townhouses
    Updated: Sep 24
    Multifamily Property with Townhouses

    705 E Colorado Avenue, Urbana, IL 61801

    $2,500,000
    0.87 AC lot
    Apartments and townhouses with 1-, 2-, and 3‑bedroom layouts
    0.87‑acre site zoned MULTI
    Built in 1977 with central air
    Fiber‑optic internet access in every apartment
    Secured entry and off‑street parking
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    8-Unit Apartment Building
    8-Unit Apartment Building

    206 Grove Street, Urbana, IL 61802

    $899,000
    0.19 AC lot

    Two-bedroom layouts include full kitchens, dining areas, stackable laundry, and private patio or balcony access.

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    See hot listings in Urbana

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    8-Unit Apartment Building
    8-Unit Apartment Building

    206 Grove St, Urbana, IL 61802

    $899,000
    7,200 sqft

    Each residence has in-unit laundry, a private patio or balcony, and access to surface parking.

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    Furnished Five-Unit Apartment Building
    Furnished Five-Unit Apartment Building

    707 W Elm Street, Urbana, IL 61801

    $575,000

    Furnished apartments offer fireplaces, private outdoor space, assigned parking, and on-site laundry facilities.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    709 W Nevada Street, Urbana, IL 61801

    $589,000
    0.18 AC lot

    Four two-bedroom apartments and one three-bedroom apartment, with basement laundry.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    11-Unit Apartment Property
    11-Unit Apartment Property

    503 W Green Street, Urbana, IL 61801

    $699,900

    Fully leased apartment property with studios, one- and two-bedroom layouts, substantial parking, and MULTI zoning.

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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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    Apartment Building with Covered Parking
    Apartment Building with Covered Parking

    212 W High Street, Urbana, IL 61801

    $390,000
    0.24 AC lot

    Five residential units each have one bedroom and one bathroom, with coin-operated laundry in the basement.

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    Updated Duplex
    Updated Duplex

    709 W California Avenue, Urbana, IL 61801

    $360,000

    Recent improvements include siding, windows, bathroom, bedroom, and landscaping updates.

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    Up-and-Down Duplex with Laundry
    Up-and-Down Duplex with Laundry

    210 S Grove Street, Urbana, IL 61802

    $190,000

    Two residential units feature laundry setups, included appliances, and upgraded electrical wiring.

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    10-Bedroom Apartment Building
    10-Bedroom Apartment Building

    805 W Oregon Street, Urbana, IL 61801

    $325,000

    Leased rooming-house property near campus with a lease extending through July 2027.

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    7-Unit Townhouse-Style Apartments
    7-Unit Townhouse-Style Apartments

    2012 Vawter Street, Urbana, IL 61801

    $529,000

    Updated, fully occupied apartments with central air, covered parking, and basement storage and laundry areas.

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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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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 16 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    109 W Madison Street, Philo, IL 61864

    $165,000
    0.28 AC lot

    Two residential leases run through April 2027, with additional storage income from two detached garages.

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    Restaurant and Residential Building
    Restaurant and Residential Building

    10 E CHESTER ST, Champaign, IL 61820

    Contact for pricing
    7,000 sqft

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

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    Two-Unit Duplex with Garage Storage
    Two-Unit Duplex with Garage Storage

    109 W Madison St, Philo, IL 61864

    $165,000

    Two residential leases run through April 2027, with additional rental income from two detached garages leased for storage.

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    Multifamily Property with Rear Efficiency
    Multifamily Property with Rear Efficiency

    212 W John St, Champaign, IL 61820

    $225,000

    The two-story main residence includes six bedrooms, two kitchens, and shared laundry space.

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    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

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

    805 Oregon St, Urbana, IL 61801-3825

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

    803 Nevada St, Urbana, IL 61801-3808

    Estimated value:
    $290,000
    1,430 sqft 0.14 AC lot
    View details
    908 Lincoln Ave
    BOARDING/ROOMING HOUSE

    908 Lincoln Ave, Urbana, IL 61801-3805

    Estimated value:
    $355,000
    1,437 sqft 0.13 AC lot
    View details
    1204 Lincoln Ave
    BOARDING/ROOMING HOUSE

    1204 Lincoln Ave, Urbana, IL 61801-4705

    Estimated value:
    $800,000
    View details
    801 Iowa St
    BOARDING/ROOMING HOUSE

    801 Iowa St, Urbana, IL 61801-3819

    Estimated value:
    $290,000
    1,156 sqft 0.12 AC lot
    View details
    711 Grn St
    BOARDING/ROOMING HOUSE

    711 Grn St, Urbana, IL 61801-3946

    Estimated value:
    $245,000
    1,059 sqft 0.11 AC lot
    View details
    809 Nevada St
    BOARDING/ROOMING HOUSE

    809 Nevada St, Urbana, IL 61801-3831

    Estimated value:
    $405,000
    1,362 sqft 0.12 AC lot
    View details

    Urbana, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Urbana, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 10,300 square feet of properties for sale, with an estimated market value of $8,905,900.

    Sale prices for multifamily properties in Urbana, IL start at $125,000, averaging $685,069, and reaching up to $2,500,000 — 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 13
    Duplexes 2
    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
    61802 $662.7K
    61801 $694.9K

    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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