Eco Friendly
705 E Colorado Avenue Urbana, IL
$ 1,900,000
Property Attributes
  • MLS#11249923
  • TypeContingent
  • CityUrbana
  • AreaUrbana
  • NeighborhoodMira
  • Zip61801
  • StyleMulti-Family
  • Year Built1977
  • Taxes$ 48646
  • Price$ 1,900,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage31602
  • Lot Size0.87 Acres
Listing Provided Courtesy Of:
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Great Opportunity to own a 26 Unit Apartment Building situated in a quiet neighborhood in Urbana! This 3 Story offers a total or 48 Bedrooms, a mix of 1 Bedroom, 2 Bedroom and 3 Bedrooms with a variety of floor plans. Kitchen Appliances include Dishwasher, Microwave & Garbage Disposal. All 2 & 3 Bedrooms include a Washer & Dryer. Shared Laundry Room On Site for 1 BR Apartments without W&D. Fiber Internet ran throughout with ethernet connections in each Living Room & all Bedrooms. 1st Floor Apartments have a Patio, 2nd & 3rd Floors have a Balcony. Secure Entry and Off Street Parking. MTD Bus Lines nearby. 1/2 Block to the Red Line and 2 Blocks to the Green Line which will take you to the Terminal Building by Downtown Champaign and the U of I Campus. Shopping and Dining close by. *Property Taxes have been updated and are correct.

Price History
10/19/2021 Listed $1,900,000

General Features

Additional Parcels Y/N No
City Urbana
Construction Materials Wood Frame
Contingency Attorney/Inspection
Cooling Central Air
County Champaign
Current Use Multi-Family
Days on Market 22
Directions Florida, South on S Anderson, East on Colorado
Grossincome 245340
MLS Area Urbana
Net Operating Income 245340
Possession Closing
Possible Use Multi-Family
Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active Under Contract
Status Contingent
Stories 3
Street Name Colorado
Tax Annual Amount 48646.7
Tax Year 2020
Tenant Pays Varies by Tenant
Total Units 26
Township Cunningham
Year Built 1977
Zoning MULTI

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 31602
Buyerofficefax (217) 356-8773
Lot Dimensions 145.5 X 260.15
Lot Size Acres 0.87
Total Parking 28


  • 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 Contingent Average in 61801

AVG $310K
AVG $8,095
AVG 65
Year Built
AVG 1952
AVG 52
Data Provided by Walkscore ® not using MLS data

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