Urbana, IL Multifamily Properties for Sale

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Champaign, IL Savoy, IL Philo, IL

11 properties

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Updated: Jun 10

8-Unit Multifamily with Private Patios

206 Grove Street, Urbana, IL 61802

$949,000

0.19 AC lot

8‑unit multifamily property built in 1976
All units are 2‑bedroom, 1‑bath with full kitchens and dining areas
In‑unit stackable laundry in each apartment
Each unit includes private patio or balcony access
Numerous interior and exterior improvements, including updated flooring and bathroom renovations

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Updated: May 27

Urbana Multifamily Investment Opportunity

503 W Green Street, Urbana, IL 61801

$749,900

1890‑built antebellum‑style mansion with 11 units across two parcels
Current income of $8,800/month (about $105,000 annual gross income); gross income projected to $9,400/month starting Aug. 1, 2026
Unit mix: 10 one‑bedroom/studio units plus one two‑bedroom; stabilized and fully leased
Major electrical upgrades completed in 2024
Back lot is 58' x 123', faces High Street, and is currently used for parking

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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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Urbana Rooming House Investment

805 W Oregon Street, Urbana, IL 61801

$349,900

10-bedroom rooming house near Illini Grove and campus.

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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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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 Duplex with Garages and Decks

1105 E Florida Avenue, Urbana, IL 61801

$274,000

Well-maintained duplex for sale with attached garages, private fenced yards, and updated major exterior systems.

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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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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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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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Urbana Multifamily Portfolio

2008 Vawter Ave, 1301 Mitchem Dr, 1303 Mitchem Dr, 2006 Vawter Ave, 2004 Vawter Ave, 2017 Vawter Ave, Urbana, IL 61801

$5,800,000

600 sqft

Six-building, 77-unit multifamily portfolio in Urbana, Illinois.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 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.

Downtown Champaign Mixed-Use Building

320 N Neil Street, Champaign, IL 61820

$1,250,000

5,865 sqft · 0.08 AC lot

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

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Danville Multifamily Investment Opportunity

716 Robinson Street, Danville, IL 61832

$129,900

0.35 AC lot

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

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Centrally Located Multifamily Property

1003 N Franklin St, Danville, IL 61832

$79,900

1,400 sqft

Multifamily investment opportunity in a central location.

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Prime Development Land Near UIUC

113 E University Ave, Champaign, IL 61820

Contact for pricing

2.25 AC lot

2.25 acres near University of Illinois Urbana-Champaign campus.

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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.

University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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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.

BOARDING/ROOMING HOUSE

801 Nevada St, Urbana, IL 61801-3808

Value Estimation by Request

1,550 sqft · 0.15 AC lot

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BOARDING/ROOMING HOUSE

805 Oregon St, Urbana, IL 61801-3825

Value Estimation by Request

1,275 sqft · 0.15 AC lot

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BOARDING/ROOMING HOUSE

803 Nevada St, Urbana, IL 61801-3808

Value Estimation by Request

1,430 sqft · 0.14 AC lot

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BOARDING/ROOMING HOUSE

908 Lincoln Ave, Urbana, IL 61801-3805

Value Estimation by Request

1,437 sqft · 0.13 AC lot

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BOARDING/ROOMING HOUSE

1204 Lincoln Ave, Urbana, IL 61801-4705

$800,000

Estimated value

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BOARDING/ROOMING HOUSE

801 Iowa St, Urbana, IL 61801-3819

Value Estimation by Request

1,156 sqft · 0.12 AC lot

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BOARDING/ROOMING HOUSE

711 Grn St, Urbana, IL 61801-3946

Value Estimation by Request

1,059 sqft · 0.11 AC lot

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BOARDING/ROOMING HOUSE

809 Nevada St, Urbana, IL 61801-3831

Value Estimation by Request

1,362 sqft · 0.12 AC lot

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BOARDING/ROOMING HOUSE

1103 Busey Ave, Urbana, IL 61801-4830

Value Estimation by Request

1,793 sqft · 0.12 AC lot

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BOARDING/ROOMING HOUSE

712 California Ave, Urbana, IL 61801-3912

Value Estimation by Request

1,056 sqft · 0.13 AC lot

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BOARDING/ROOMING HOUSE

807 Busey Ave, Urbana, IL 61801-4003

$630,000

Estimated value

1,245 sqft · 0.15 AC lot

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MOBILE HOME PARK, TRAILER PARK

2200 University Ave, Urbana, IL 61802-2812

Value Estimation by Request

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MOBILE HOME PARK, TRAILER PARK

1701 Wilson Rd, Urbana, IL 61802-2100

Value Estimation by Request

3.69 AC lot

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Urbana, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Urbana, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 7,800 square feet of properties for sale, with an estimated market value of $6,749,000.

Sale prices for multifamily properties in Urbana, IL start at $949,000, averaging $3,374,500, and reaching up to $5,800,000 — 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 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	$910.8K
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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Reach out if you need assistance with Realmo tools or have questions about your listings

Urbana, IL Multifamily Properties for Sale

206 Grove Street, Urbana, IL 61802

503 W Green Street, Urbana, IL 61801

709 W Nevada Street, Urbana, IL 61801

805 W Oregon Street, Urbana, IL 61801

212 W High Street, Urbana, IL 61801

703 W High Street, Urbana, IL 61801

1105 E Florida Avenue, Urbana, IL 61801

206 S GROVE ST, Urbana, IL 61802

1109 Scovill Street, Urbana, IL 61801

805 W Oregon Street, Urbana, IL 61801

2008 Vawter Ave, 1301 Mitchem Dr, 1303 Mitchem Dr, 2006 Vawter Ave, 2004 Vawter Ave, 2017 Vawter Ave, Urbana, IL 61801

Opportunities in Nearby Cities

320 N Neil Street, Champaign, IL 61820

716 Robinson Street, Danville, IL 61832

1003 N Franklin St, Danville, IL 61832

113 E University Ave, Champaign, IL 61820

Potential Development Sites for Consideration

976 Mesa Court, University Park, IL 60484

4418 Oakland Court, Wheatfield, IN 46392

17039 Hillside Lane, Jerseyville, IL 62052

27 Oyster Bay, Lakemoor, IL 60051

Off-Market Properties in Urbana, IL

801 Nevada St, Urbana, IL 61801-3808

805 Oregon St, Urbana, IL 61801-3825

803 Nevada St, Urbana, IL 61801-3808

908 Lincoln Ave, Urbana, IL 61801-3805

1204 Lincoln Ave, Urbana, IL 61801-4705

801 Iowa St, Urbana, IL 61801-3819

711 Grn St, Urbana, IL 61801-3946

809 Nevada St, Urbana, IL 61801-3831

1103 Busey Ave, Urbana, IL 61801-4830

712 California Ave, Urbana, IL 61801-3912

807 Busey Ave, Urbana, IL 61801-4003

2200 University Ave, Urbana, IL 61802-2812

1701 Wilson Rd, Urbana, IL 61802-2100

Urbana, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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