- For Sale $650,000
- Property Type Multi-Family
- Property Size 3,000 SF
- Units 6
- Date Updated Apr 30, 2026
Description
Nestled in the vibrant city of Urbana, this prime location is an appealing opportunity for prospective low-rise garden multifamily investors. The area is in close proximity to the University of Illinois, attracting students, faculty, and staff seeking convenient accommodations. Nearby, Carle Hospital and Health Alliance create a steady demand for housing, offering an excellent tenant base. The Champaign-Urbana mass transit system and major highways provide accessibility to employment centers and entertainment options. Residents can enjoy the scenic beauty of Crystal Lake Park and Meadowbrook Park, as well as the diverse dining and shopping options in downtown Urbana. With its blend of academic, healthcare, and recreational attractions, the area presents an attractive prospect for multifamily housing investment.6 unit multifamily investment opportunity in Urbana near the University of Illinois campus. The location is suitable for both student and non-student residents. Unfurnished units in vintage building. Window A/C, Boiler Heat. Gas Stove in each unit. Laundry and parking available on site. Secure access building. Rent includes Heat, Water, Sanitary, Garbage and Recycling.
Highlights
- Fully Leased Multifamily Investment
- Suitable for Student and Non-Student Residents
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Contacts
Jordan Dunahee
Ramshaw Real Estate
Location
Located at 209 N Coler Ave, Urbana, IL 61801, this property is part of the Urbana neighborhood.
Contact Listing Broker
Jordan Dunahee
Ramshaw Real Estate