705 W Main St

For Sale

705 W Main St, Urbana, IL 61801

This Urbana property for sale is located at 705 W Main St. The current listed sale price for 705 W Main St is $1,350,000. 705 W Main St is situated on a lot that is 0.4 acre in size.

Contacts

Jordan Dunahee

Ramshaw Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 4,000 SF
  • Units 12
  • Lot Size 0.4 Acre
  • Date Updated May 10, 2026
Immerse yourself in the vibrant neighborhood surrounding this Urbana property, offering a diverse array of attractions for prospective Multifamily/Low-Rise/Garden investors. Located near the University of Illinois, the area provides access to academic resources, cultural amenities, and employment opportunities. Residents can explore the dynamic dining and entertainment options available in downtown Urbana, offering a lively atmosphere and diverse experiences. Additionally, tranquil parks and recreational facilities provide an opportunity for relaxation and leisure, enriching the appeal of the area for both investors and potential tenants. With its blend of urban vitality and academic influence, this location presents an ideal prospect for Multifamily/Low-Rise/Garden investors looking to capitalize on the dynamic appeal of the area.Presenting a prime opportunity for Multifamily investors! This building includes 12 units, offering a diverse mix of rental options, including one 4-bedroom unit, one 3-bedroom unit, two 2-bedroom units, three 1-bedroom units, and five studios totaling 19 bedrooms. The property is leased by the bedroom and is fully leased through August 2026. With its varied unit sizes and configurations, this property provides a versatile and promising investment prospect. The strategic location in Urbana ensures the potential for steady rental income and a diversified portfolio.
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Highlights

  • 12 Unit Multifamily Investment Opportunity
  • 19 Bedrooms Leased By the Bedroom
  • Fully Leased Through August 2026

Attachments

Getting around

  • 86/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Champaign-Urbana

    1.31 miles

  • Circle K

    0.25 miles

  • ChargePoint

    0.44 miles

  • Marathon

    0.72 miles

  • BP

    1.88 miles

  • Tesla Supercharger

    3.20 miles

  • B22

    0.38 miles

  • Tepper Lot

    0.38 miles

  • Marro Lot

    0.40 miles

  • B2

    0.42 miles

  • D1

    0.43 miles

  • B6

    0.46 miles

  • North Campus Parking Garage

    0.46 miles

  • B1

    0.46 miles

  • Carle Employee Parking Lot No. 14

    0.46 miles

  • D14

    0.47 miles

  • America's Best Inn

    0.27 miles

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

    0.33 miles

  • Hampton

    0.49 miles

  • Urbana Landmark Hotel

    0.50 miles

  • TownePlace Suites

    0.80 miles

  • Manor Motel

    1.06 miles

  • Howard Johnson by Wyndham

    1.17 miles

  • Comfort Suites

    1.20 miles

  • Best Western University Inn

    1.33 miles

  • Holiday Inn Express & Suites

    1.34 miles

  • World Harvest

    0.28 miles

  • Lincoln Square

    0.55 miles

  • Common Ground

    0.59 miles

  • Schnucks

    0.72 miles

  • World Harvest Foods

    0.76 miles

  • Target

    0.77 miles

  • Far East Grocery

    0.84 miles

  • County Market

    0.92 miles

  • AM-KO Oriental Foods and Gifts

    1.17 miles

  • El Progresso

    1.17 miles

Contact Listing Broker
Jordan Dunahee

Ramshaw Real Estate

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