# 705 E Colorado Avenue, Urbana, IL 61801 > **TL;DR:** 48bd/29ba residential multi family, $2,500,000, built 1977. > A/C. Est. $13,370/mo. Listed 38 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,500,000 | | Bedrooms | 48 | | Bathrooms | 29 full | | Year Built | 1977 | | Lot Size | 37,897 sqft (0.87 acres) | | Stories | 3 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 38 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $12,641 | | Estimated Insurance | $729 | | **Total** | **$13,370** | ## Key Amenities - A/C ## Property Highlights - Built in 1977 - 0.87 acre lot - 3 stories ## Description ### Agent 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! ## Location - **Address:** 705 E Colorado Avenue, Urbana, IL 61801 - **County:** Champaign - **Coordinates:** 40.094076, -88.197355 - **Google Maps:** https://www.google.com/maps?q=40.094076,-88.197355 ## Listing Agent - **Name:** Shannon Collins - **Brokerage:** Green Street Realty - **Broker Phone:** (217) 356-8750 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/705-E-Colorado-Ave_Urbana_IL_61801_M76967-16055?f=listhub&s=MREDIL&m=12751949&c=propsimple) ## Photos ![705 E Colorado Avenue - Photo 1](http://lh.rdcpix.com/db07cdfc0a513facfaebc26aa6d279e4l-f3887866253r.jpg) ![705 E Colorado Avenue - Photo 2](http://lh.rdcpix.com/db07cdfc0a513facfaebc26aa6d279e4l-f1433699340r.jpg) ![705 E Colorado Avenue - Photo 3](http://lh.rdcpix.com/db07cdfc0a513facfaebc26aa6d279e4l-f2937680997r.jpg) ![705 E Colorado Avenue - Photo 4](http://lh.rdcpix.com/db07cdfc0a513facfaebc26aa6d279e4l-f3500334826r.jpg) ![705 E Colorado Avenue - Photo 5](http://lh.rdcpix.com/db07cdfc0a513facfaebc26aa6d279e4l-f2057092453r.jpg) ![705 E Colorado Avenue - Photo 6](http://lh.rdcpix.com/db07cdfc0a513facfaebc26aa6d279e4l-f2147779820r.jpg) --- **MLS#:** 12751949 | **Updated:** 2026-10-27 **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.ai/listing/705-e-colorado-avenue-urbana-il-61801-2e6738705887423189e7fb2a4a7e9f22) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/705-e-colorado-avenue-urbana-il-61801-2e6738705887423189e7fb2a4a7e9f22#listing", "url": "https://www.propertysimple.ai/listing/705-e-colorado-avenue-urbana-il-61801-2e6738705887423189e7fb2a4a7e9f22", "name": "705 E Colorado Avenue, Urbana, IL 61801", "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. 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