# 206 Grove Street, Urbana, IL 61802

> **TL;DR:** 16bd/8ba residential multi family, $949,000, built 1976. Est. $4,112/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $949,000 |
| Bedrooms | 16 |
| Bathrooms | 8 full |
| Year Built | 1976 |
| Lot Size | 8,276 sqft (0.19 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,112 |
| **Total** | **$4,112** |

## Property Highlights

- Built in 1976
- 0.19 acre lot
- 2 stories

## Description

### Agent Description
206 S. Grove Street offers the opportunity to acquire a well-maintained 8-unit multifamily property in a highly desirable Urbana location just over one mile from the University of Illinois. Conveniently situated near downtown Urbana, Lincoln Square Mall, the Urbana Farmers Market, Carle Foundation Hospital, and major employment centers, the property appeals to a broad tenant base including students, healthcare professionals, university employees, and workforce renters. The property consists of eight spacious two-bedroom, one-bathroom apartments, each featuring a full kitchen, dining area, in-unit stackable laundry, and private patio or balcony access. Current ownership has completed numerous interior and exterior improvements, including updated flooring, bathroom renovations, cosmetic updates, exterior repairs, and a complete exterior repainting. Additional amenities include ample surface parking, mature landscaping, and a quiet residential setting. With recent capital improvements already completed and the potential for continued rental growth, 206 S. Grove Street represents an attractive investment opportunity in one of Central Illinois' strongest rental markets.

## Location

- **Address:** 206 Grove Street, Urbana, IL 61802
- **County:** Champaign
- **Coordinates:** 40.111172, -88.201057
- **Google Maps:** https://www.google.com/maps?q=40.111172,-88.201057

## Listing Agent

- **Name:** Jon Fisher
- **Brokerage:** MR. LANDMAN
- **Phone:** (217) 202-0924
- **Email:** jonfisher1991@gmail.com

## Primary Photo

![206 Grove Street - Primary Photo](http://lh.rdcpix.com/a7396f40ea93fa80d75c31f0f699545bl-f870858539r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/206-grove-street-urbana-il-61802-12673682)*

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**MLS#:** 12673682 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/206-grove-street-urbana-il-61802-12673682)

---

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