302 S Cedar St

For Sale

302 S Cedar St, Urbana, IL 61801

This Urbana property for sale is located at 302 S Cedar St. The current listed sale price for 302 S Cedar St is $1,800,000. 302 S Cedar St is situated on a lot that is 0.15 acre in size.

Contacts

Jordan Dunahee

Ramshaw Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 4,000 SF
  • Units 13
  • Lot Size 0.15 Acre
  • Date Updated May 3, 2026
Immerse yourself in the vibrant community surrounding the property in Urbana, IL. Nestled in a dynamic neighborhood, the area offers an array of conveniences and attractions just moments from downtown. Residents will enjoy easy access to charming local cafes, dining hotspots, and inviting outdoor spaces. Nearby cultural and entertainment venues, including the Krannert Center for the Performing Arts and the Spurlock Museum, provide enriching experiences for residents. With the prestigious university in close proximity, this well-connected and lively community is an ideal setting for a Multifamily / Low-Rise/Garden investment.13 unit multifamily investment opportunity. This building is leased out by bedroom and consists of nine 2-bedroom units and four 1-bedroom units. The building has 21 of the 22 bedrooms leased through August, 2026. Strong rental history and a great location in Urbana make this a great add to any portfolio.
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Highlights

  • 13 Unit Multifamily Investment in Great Location
  • Currently Leased By the Bedroom
  • Strong Rental History

Attachments

Getting around

  • 91/100

    Walk Score ®

  • 61/100

    Transit Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Urbana, IL
  • Neighborhood Urbana
  • Zip Code 61801

Points of Interest

  • Champaign-Urbana

    1.68 miles

  • Marathon

    0.31 miles

  • Circle K

    0.47 miles

  • ChargePoint

    0.84 miles

  • BP

    1.47 miles

  • Tesla Supercharger

    3.61 miles

  • Marro Lot

    0.02 miles

  • Tepper Lot

    0.06 miles

  • Urbana Public Parking

    0.16 miles

  • D22

    0.56 miles

  • D1

    0.65 miles

  • D5

    0.67 miles

  • D14

    0.70 miles

  • Parking area

    0.71 miles

  • Carle Employee Parking Lot No. 14

    0.75 miles

  • F13

    0.76 miles

  • Sylvia's Irish Inn - Bed & Breakfast Accommodation | B&B Room | Motel in Urbana, IL

    0.09 miles

  • Urbana Landmark Hotel

    0.13 miles

  • America's Best Inn

    0.40 miles

  • Hampton

    0.90 miles

  • Manor Motel

    1.02 miles

  • TownePlace Suites

    1.10 miles

  • Howard Johnson by Wyndham

    1.48 miles

  • Comfort Suites

    1.52 miles

  • Motel 6 Urbana, IL

    1.57 miles

  • Eastland Suites Hotel & Conference Center - Urbana/Champaign

    1.57 miles

  • Lincoln Square

    0.16 miles

  • World Harvest

    0.16 miles

  • Common Ground

    0.20 miles

  • Schnucks

    0.45 miles

  • Target

    1.06 miles

  • World Harvest Foods

    1.15 miles

  • El Progresso

    1.15 miles

  • Far East Grocery

    1.23 miles

  • Dollar Store

    1.26 miles

  • County Market

    1.27 miles

Contact Listing Broker
Jordan Dunahee

Ramshaw Real Estate

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