402 S Race St

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Address: 402 S Race St, Urbana, IL 61801, USA
Chicago & Midwest + Apartment Buildings
Created date: November 3, 2025
Date last updated: September 10, 2026
Price: $1,750,000Investment Analyzer NEW!
  • 15 Unit Multifamily Investment Property
  • All 1 Bedroom and Studio Units
  • Prime Location in Downtown Urbana
  • Strong Rental History

Property Description

For sale is a 15-unit multifamily investment opportunity in a prime location in downtown Urbana. The building consists of ten 1-bedroom units and five studios. Only one studio unit remains vacant while the rest are leased through the end of July 2026. Laundry and parking is available onsite.
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Broker Details

Jordan Dunahee
Jordan Dunahee

Ramshaw Real Estate 217-359-6400 MLS ID: 950244 State License Number: 475181066

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,750,000
No. of Units: 15
Lot Size: 0.18 Acres
Opportunity Zone: No
Price per unit: $116,667
Property Website Click Here
Address: 402 S Race St, Urbana, IL 61801, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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