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$ 1,200,000
Est. payment | /mo
0.61 Acres Lot
$ 1,200,000
Est. payment | /mo
0.61 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12341857
Year Built 1980
Annual Tax Amount $8,037
Tax Year 2023
Lot Size 0.610 Acres
Lot Dimensions 185X100
Property Sub-Type Multi Family 5+
Property Description
Presenting a rare opportunity to acquire six contiguous properties totaling 0.62 acres of existing multi-family real estate in Urbana, ideally located adjacent to the University of Illinois campus. With prime frontage along Lincoln Avenue - a major gateway to the University of Illinois - these properties are perfectly positioned to attract both students and faculty alike. The portfolio includes eight residential units across five buildings, with a unit mix of 4 bed/2 bath and 2 bed/1 bath configurations, offering strong rental demand potential. Properties were not fully leased for the 2024 -2025 academic year as ownership was considering a redevelopment project. Properties are currently being marketed for lease for 2025-2026 academic year with multiple units leased through August 2026. Strong history of these properties leasing. Situated in a designated Federal Opportunity Zone, these properties hold significant redevelopment potential, making them an ideal investment for future growth. With UIUC enrollment for Spring 2025 at 56,619 students, this location offers unmatched proximity to a thriving student population and a steady rental market. Seize the opportunity to invest in one of Urbana's most strategic locations. Portfolio Addresses Include: 808 W Oregon, Urbana 808 1/2 W Oregon, Urbana 807 W California, Urbana 809 W California, Urbana 602 S Lincoln, Urbana 604 S Lincoln, Urbana
Location
State IL
County Champaign
Area Urbana
Zoning MULTI
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jill Guth • GUTH & ASSOCIATES,LLC
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Sarah Leonard
Broker | Owner