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    Champaign, IL Savoy, IL Philo, IL Bondville, IL Tolono, IL Saint Joseph, IL Sidney, IL Thomasboro, IL
    Triplex Redevelopment Opportunity with Basement
    Updated: Jul 23
    Triplex Redevelopment Opportunity with Basement

    501 W. California Ave, Urbana, IL 61801

    Contact for pricing
    3,100 sqft
    Three‑unit apartment building redevelopment with active building permit through 12/23/26
    1,300‑square‑foot basement with direct exterior access for storage
    New roof, interior demolition, and new framing for the three‑unit layout
    Updated rough‑in plumbing and new electrical completed
    In‑unit washers and dryers planned with separated utilities
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Urbana, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Corner-Lot Triplex With Garage
    Corner-Lot Triplex With Garage

    302 South Oak Street, Pontiac, IL 61764

    $170,000
    3,034 sqft

    Well-maintained triplex with three separate units, hardwood/tile finishes, and a roof replacement plus shared boiler.

    View details
    Victorian Triplex on Corner Lot
    Victorian Triplex on Corner Lot

    302 S Oak Street, Pontiac, IL 61764

    $170,000
    0.21 AC lot

    Victorian triplex on a corner lot with hardwood and ceramic tile floors and roof replaced in 2010.

    View details
    Triplex Bungalow with Wraparound Porch
    Triplex Bungalow with Wraparound Porch

    307 S Mclean Street, Bloomington, IL 61701

    $279,000

    Triplex bungalow with wraparound porch, stained glass transoms, and hardwood floors, updated with modern windows, wiring, and plumbing.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    810 W Market Street, Bloomington, IL 61701

    Contact for pricing

    Triplex with three rental units and an unfinished basement, offering additional storage and straightforward in-unit appliances.

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    Urbana, IL Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Urbana, IL on our real estate platform. These investment opportunities span a total of 3,100 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 10
    Duplexes 3
    Quadplexes 3
    Triplexes 1

    Demographics Overview

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

    Taxes & Financing

    Average Loan-to-Value 65.0%

    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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