Urbana, IL Residential Income Properties for Sale

List

Map

Champaign, IL Savoy, IL Philo, IL

12 properties

Sort:

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

View details

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

View details

Residential Income Property with Shop Space

507 Crystal Lake Drive, Urbana, IL 61802

$139,900

0.32 AC lot

Parcel includes a remaining building with an apartment plus shop/laundry area, suited for conversion or continued residential use.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

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.

View details

Urbana Rooming House Investment

805 W Oregon Street, Urbana, IL 61801

$349,900

10-bedroom rooming house near Illini Grove and campus.

View details

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.

View details

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.

View details

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.

View details

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.

View details

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.

View details

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.

View details

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.

View details

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 12 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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.

Historic Restaurant and Residential Portfolio

101-105 W Sale Street, Tuscola, IL 61953

$750,000

0.22 AC lot

Turn-key dining space with a partially finished apartment above, plus additional unfinished area for conversion opportunities.

View details

Turn-Key Restaurant with Loft Potential

101 W Sale Street, Tuscola, IL 61953

$400,000

0.07 AC lot

Turn-key restaurant on the main level with residential space above, including an almost-finished apartment and unfinished loft area.

View details

Historic Mixed-Use Building with Parking

41 E. University Avenue, Champaign, IL 61820

$3,850,000

0.29 AC lot

1913 mixed-use building with off-street parking and large windows designed for natural light.

View details

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.

View details

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.

Urbana Land For Sale

402 W Griggs Street, Urbana, IL 61801

$599,000

1.08 AC lot

Commercial land available in Urbana, Illinois.

View details

Prime Land Near University

1301 N Lincoln Avenue, Urbana, IL 61801

$1,200,000

3.12 AC lot

3.12-acre parcel near the University of Illinois.

View details

Wooded Land in Urbana, Illinois

Raintree Woods Drive lot: 9, Urbana, IL 61802

$117,500

1.00 AC lot

One acre of wooded land near Urbana, ideal for building.

View details

Urbana Land Near University

1950 High Cross Road N, Urbana, IL 61802

$349,900

15.00 AC lot

15-acre property near Urbana, suitable for development or hobby farm.

View details

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

View details

BOARDING/ROOMING HOUSE

805 Oregon St, Urbana, IL 61801-3825

Value Estimation by Request

1,275 sqft · 0.15 AC lot

View details

BOARDING/ROOMING HOUSE

803 Nevada St, Urbana, IL 61801-3808

Value Estimation by Request

1,430 sqft · 0.14 AC lot

View details

BOARDING/ROOMING HOUSE

908 Lincoln Ave, Urbana, IL 61801-3805

Value Estimation by Request

1,437 sqft · 0.13 AC lot

View details

BOARDING/ROOMING HOUSE

1204 Lincoln Ave, Urbana, IL 61801-4705

$800,000

Estimated value

View details

BOARDING/ROOMING HOUSE

801 Iowa St, Urbana, IL 61801-3819

Value Estimation by Request

1,156 sqft · 0.12 AC lot

View details

BOARDING/ROOMING HOUSE

711 Grn St, Urbana, IL 61801-3946

Value Estimation by Request

1,059 sqft · 0.11 AC lot

View details

BOARDING/ROOMING HOUSE

809 Nevada St, Urbana, IL 61801-3831

Value Estimation by Request

1,362 sqft · 0.12 AC lot

View details

BOARDING/ROOMING HOUSE

1103 Busey Ave, Urbana, IL 61801-4830

Value Estimation by Request

1,793 sqft · 0.12 AC lot

View details

BOARDING/ROOMING HOUSE

712 California Ave, Urbana, IL 61801-3912

Value Estimation by Request

1,056 sqft · 0.13 AC lot

View details

BOARDING/ROOMING HOUSE

807 Busey Ave, Urbana, IL 61801-4003

$630,000

Estimated value

1,245 sqft · 0.15 AC lot

View details

MOBILE HOME PARK, TRAILER PARK

2200 University Ave, Urbana, IL 61802-2812

Value Estimation by Request

View details

Urbana, IL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Urbana, IL, showcased through 12 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 residential income 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.

List

Map

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	$679.3K
61801	$910.8K

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.

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Urbana, IL Residential Income Properties for Sale

206 Grove Street, Urbana, IL 61802

503 W Green Street, Urbana, IL 61801

507 Crystal Lake Drive, Urbana, IL 61802

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

101-105 W Sale Street, Tuscola, IL 61953

101 W Sale Street, Tuscola, IL 61953

41 E. University Avenue, Champaign, IL 61820

113 E University Ave, Champaign, IL 61820

Potential Development Sites for Consideration

402 W Griggs Street, Urbana, IL 61801

1301 N Lincoln Avenue, Urbana, IL 61801

Raintree Woods Drive lot: 9, Urbana, IL 61802

1950 High Cross Road N, Urbana, IL 61802

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

Urbana, IL Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

Need Help?

Popular Searches in Urbana, IL

Popular Categories

Most Searched ZIP Codes in Urbana, IL

Select Neighborhood