Don't miss your chance to own this well-situated apartment complex! It is perfectly placed in a quiet Urbana neighborhood, but still close to everything Champaign-Urbana has to offer! This building features 1, 2 and 3 bedroom apartments and townhouses. Secured entry and free off-street parking. It is a half block to the Red line and 2 blocks to the Green St, both take you to the central terminal downtown and to the University of Illinois campus. Grocery and convenience shopping nearby and there is fiberoptic internet access to every apartment. This is a great investment opportunity!
| Listing Id: | 12751949 |
|---|---|
| List Price: | $2,500,000 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $71,846 |
| City: | Urbana |
| County Or Parish: | Champaign |
| Postal Code: | 61801 |
| Year Built: | 1977 |
| Total # Units In Building: | 26 |
| Basement: | false |
| Building Area Total: | 31602 |
| Construction Materials: | Wood |
| Cooling: | Central Air |
| Current Use: | Multi-Family |
| Directions: | Florida, South on S Anderson, East on Colorado |
| Fuel Expense: | 0 |
| Gross Income: | $335,000 |
| Gross Scheduled Income: | $365,000 |
| Lot Size Acres: | 0.87 |
| Lot Size Dimensions: | 145.5 X 260.15 |
| MLS Area Major: | Urbana |
| Approximate Age: | 36-50 Years |
| Agent Owned/Interest (Y/N): | Yes |
| Built Before 1978 (Y/N): | Yes |
| Grid: | 67 |
| Gross Rent Multiplier: | 7.5 |
| Heat/Ventilation: | Central Heat/Indiv Controls, Forced Air |
| Information: | Show-Call Listing Office, Show-Special Instructions, 48-Hr Notice Required |
| Janitor Expense: | 0 |
| Legal Description: | LOT COMMONS COLORADO OAKS CONDO |
| List Price Per Sf: | 79.11 |
| Market Code: | Active |
| Owners Assoc (Y/N): | No |
| Ownership Type: | Limited Liability Corp |
| Outdoor Parking: | 19-30 Spaces |
| Total Monthly Income: | 29439 |
| Type Multi Family: | Corridor-Interior Entrance, Flats, Condo/Townhouse |
| Update Date: | 2026-10-05T22:03:58 |
| Net Operating Income: | $191,943 |
| Operating Expense: | $161,323 |
| Original List Price: | $2,500,000 |
| Parcel Number: | 932121152042 |
| Possession: | Closing |
| Possible Use: | Multi-Family |
| State Or Province: | IL |
| Stories: | 3 |
| Tax Year: | 2025 |
| Tenant Pays: | Varies by Tenant |
| Township: | Cunningham |
| Zoning: | MULTI |
| Actual Status: | Active |
Listing Courtesy of: Green Street Realty
Listing Agent: Shannon Collins
217-493-3776
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Information deemed reliable but not guaranteed.
Midwest Real Estate Data LLC data last updated on October 08, 2026 04:08 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:08 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:08 PM - CT
