Multifamily Investment Near Crystal Lake Park

For Sale

111-121 W Park St, Urbana, IL 61801

This Urbana property for sale is located at 111-121 W Park St. The current listed sale price for Multifamily Investment Near Crystal Lake Park is $1,150,000. Multifamily Investment Near Crystal Lake Park is situated on a lot that is 0.43 acre in size.

Contacts

broker
Jordan Dunahee

Ramshaw Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 11,000 SF
  • Units 21
  • Lot Size 0.43 Acre
  • Date Updated Jun 11, 2025
The vibrant city of Urbana, IL, is a hub for multifamily investment opportunities. Boasting a dynamic mix of residential and commercial developments, the area provides a diverse range of housing options and amenities for residents. Downtown Urbana offers an eclectic array of dining options, boutique shops, and cultural attractions, making it an ideal living environment for multifamily residents. With its prime location and proximity to the University of Illinois at Urbana-Champaign, the area surrounding the property is an attractive location for multifamily investment, offering a mix of residential and commercial opportunities to cater to the diverse needs of the community.111-121 W Park St is a multifamily investment opportunity that offers 21 units within 2 buildings. The breakdown includes (11) 2 bedroom units (1) 1 bedroom unit and (9) studios. The property is currently fully leased for the 2024-25 lease term and only has one vacant studio apartment for the upcoming 2025-26 lease term. This property boasts a strong rental history and has been meticulously managed long-term. The strong rental history combined with value add opportunity make this a great property to add to an investor's portfolio. This property also boasts a prime location being across the street from Crystal Lake Park that has had major improvements in recent years, a growing retail hub just to the east at Five-Points and surrounding areas, and great proximity to Carle Foundation Hospital and the University of Illinois Campus.
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Highlights

  • 100% Occupied For the 2024-25 Lease Term
  • 95.2% Occupied For the Upcoming 2025-26 Lease Term
  • Prime Location in Urbana Near Crystal Lake Park, Carle and Five-Points
  • Trustworthy and Reliable Management for Past 2 Decades

Getting around

  • 77/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 74/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Champaign-Urbana

    1.76 miles

  • Marathon

    0.61 miles

  • Circle K

    0.73 miles

  • ChargePoint

    0.88 miles

  • BP

    1.78 miles

  • Tesla Supercharger

    3.40 miles

  • Urbana Public Parking

    0.36 miles

  • Tepper Lot

    0.42 miles

  • Carle Employee Parking Lot No. 14

    0.44 miles

  • Marro Lot

    0.45 miles

  • B22

    0.81 miles

  • North Campus Parking Garage

    0.90 miles

  • B2

    0.91 miles

  • D1

    0.92 miles

  • D22

    0.93 miles

  • B6

    0.96 miles

  • America's Best Inn

    0.24 miles

  • Urbana Landmark Hotel

    0.42 miles

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

    0.46 miles

  • Manor Motel

    0.58 miles

  • Hampton

    0.88 miles

  • Howard Johnson by Wyndham

    1.11 miles

  • Eastland Suites Hotel & Conference Center - Urbana/Champaign

    1.11 miles

  • Motel 6 Urbana, IL

    1.11 miles

  • Comfort Suites

    1.16 miles

  • Rodeway Inn

    1.25 miles

  • Schnucks

    0.35 miles

  • World Harvest

    0.36 miles

  • Lincoln Square

    0.45 miles

  • Common Ground

    0.47 miles

  • El Progresso

    0.70 miles

  • Dollar Store

    0.82 miles

  • World Harvest Foods

    1.20 miles

  • Target

    1.27 miles

  • Far East Grocery

    1.29 miles

  • County Market

    1.40 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Jordan Dunahee

Ramshaw Real Estate

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