Urbana, IL Residential Income Properties for Sale

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18 properties

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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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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

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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Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

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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Mixed-Use Property with Shop Area

507 Crystal Lake Drive, Urbana, IL 61802

$139,900

0.32 AC lot

Existing improvements combine an apartment with a dedicated shop area.

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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

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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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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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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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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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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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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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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Furnished Residential Income Condo

1905 N Lincoln Avenue #327, Urbana, IL 61801

$192,500

Each bedroom has a private bathroom, with furnishings and appliances included.

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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

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

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

805 W Oregon Street, Urbana, IL 61801

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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 Potential Opportunities for your consideration. Besides 18 Active Listings in Urbana, IL, we suggest to view alternatives - similar 54 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.

BOARDING/ROOMING HOUSE

801 Nevada St, Urbana, IL 61801-3808

Estimated value:

$290,000

1,550 sqft 0.15 AC lot

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BOARDING/ROOMING HOUSE

805 Oregon St, Urbana, IL 61801-3825

Estimated value:

$355,000

1,275 sqft 0.15 AC lot

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BOARDING/ROOMING HOUSE

803 Nevada St, Urbana, IL 61801-3808

Estimated value:

$290,000

1,430 sqft 0.14 AC lot

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BOARDING/ROOMING HOUSE

908 Lincoln Ave, Urbana, IL 61801-3805

Estimated value:

$355,000

1,437 sqft 0.13 AC lot

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BOARDING/ROOMING HOUSE

1204 Lincoln Ave, Urbana, IL 61801-4705

Estimated value:

$800,000

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BOARDING/ROOMING HOUSE

801 Iowa St, Urbana, IL 61801-3819

Estimated value:

$290,000

1,156 sqft 0.12 AC lot

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Urbana, IL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Urbana, IL, showcased through 18 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 $9,238,300.

Sale prices for residential income properties in Urbana, IL start at $125,000, averaging $615,886, 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

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	$532K
61801	$649.2K

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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