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    Champaign, IL Savoy, IL East Peoria, IL Saint Joseph, IL Peoria, IL Tolono, IL Thomasboro, IL Mahomet, IL
    Triplex Redevelopment Opportunity with Basement
    Updated: Jul 23
    Triplex Redevelopment Opportunity with Basement

    501 W. California Ave, Urbana, IL 61801

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    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.

    Victorian Triplex with Off-Street Parking
    Victorian Triplex with Off-Street Parking

    408 W Healey Street, Champaign, IL 61820

    $220,000
    0.20 AC lot

    Distinct residential layouts include separate kitchens and baths, basement laundry, and parking accessed from the driveway and alley.

    View details
    Triplex with Mixed Unit Layout
    Triplex with Mixed Unit Layout

    412 E Main Street, Hoopeston, IL 60942

    $60,000

    MULTI-zoned property with assigned off-street parking and a covered porch.

    View details
    Three-Unit Residential Property
    Three-Unit Residential Property

    514 E Main Street, Hoopeston, IL 60942

    $65,000

    Residential income property with multiple bedrooms, three bathrooms, and basement space.

    View details
    Victorian Triplex with Off-Street Parking
    Victorian Triplex with Off-Street Parking

    408 W Healey St, Champaign, IL 61820

    $220,000

    Three leased units offer varied layouts, private kitchens, full baths, and basement laundry access.

    View details

    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 11
    Duplexes 2
    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%

    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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