Address
705 W Elm Street, Urbana, IL
Price
$ 825,000
Property Attributes
- MLS#12760030
- TypeMulti-Family
- Listing Status Active
- CountyCHAMPAIGN
- CityUrbana
- AreaUrbana
- Zip61801
- Style
- Taxes$ 18952
- Price$ 825,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.14 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
On Campus investment opportunity. 10-unit building with six 2 BD units and four 1 BD units. Gross Monthly income is $9,770. Parking is available to rent to tenants. There is an on-site laundry facility. The efficiencies are fully furnished and include fiber-optic internet. Each unit includes a window air conditioner. Each kitchen has a gas stove. Room to bump rents. Fully leases for 2026/2027 School year. Financials attached.
| Price History | |
|---|---|
| 9/15/2026 | Listed $825,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Possession | Closing |
| Tenant Pays | Varies by Tenant |
| Stories Count | 3 |
| Township | Cunningham |
| Tax Year | 2025 |
| Gross Income | 104880 |
| County | Champaign |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | I74 E,S ON LINCOLN,E ON SPRINGFIELD,S ON COLER,W ON ELM |
| City | Urbana |
| Number Of Units Total | 10 |
| MLS Area | Urbana |
| Tax Annual Amount | 18952.22 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Lot Dimensions | 133X60X103 |
|---|---|
| Lot Size Acres | 0.14 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 61801
Price
Taxes
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC 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.
Data is updated as of September 25, 2026 2:41 AM UTC
