About This Home

This 48-bedroom, 29-bathroom residential multi family at 705 E Colorado Avenue in Urbana, IL is listed for $2,500,000. Built in 1977, on a 0.87 acres lot.

Key Features

  • Built in 1977
  • 0.87 acre lot
  • 3 stories

Property Details

3 stories
29 full
1977

Amenities

A/C
Listing Description

Don't miss your chance to own this well-situated apartment complex! It is perfectly placed in a quiet Urbana neighborhood, but still close to everything Champaign-Urbana has to offer! This building features 1, 2 and 3 bedroom apartments and townhouses.

Secured entry and free off-street parking. It is a half block to the Red line and 2 blocks to the Green St, both take you to the central terminal downtown and to the University of Illinois campus. Grocery and convenience shopping nearby and there is fiberoptic internet access to every apartment. This is a great investment opportunity!

Monthly Cost Estimate

$13,371/mo

20% down · 6.5% · 30 years

Principal$1,808
Interest$10,833
Insurance$729

Estimates only. Actual payments may vary.

Location

705 E Colorado Avenue

Urbana, IL 61801

Property Details

Construction

Wood

Cooling

Central Air

Questions & Answers

This 48-bedroom, 29-bathroom residential multi family at 705 E Colorado Avenue is listed at $2,500,000. The estimated monthly payment is $13,370 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.87 acre lot, 3 stories.

This property is listed by Shannon Collins.

SC

Shannon Collins

Agent at Green Street Realty

Listed by Green Street Realty · Broker phone: (217) 356-8750 · View on Broker Site · Broker website

MLS# 12751949· Source: Midwest Real Estate Data, LLC· 35 days on PropertySimple

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.

705 E Colorado Avenue, Urbana, IL 61801

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