302 S Cedar St

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Address: 302 S Cedar St, Urbana, IL 61801, USA
Chicago & Midwest + Apartment Buildings
Created date: November 3, 2025
Date last updated: September 10, 2026
Price: $1,800,000Investment Analyzer NEW!
  • 13 Unit Multifamily Investment in Great Location
  • Currently Leased By the Bedroom
  • Strong Rental History

Property Description

13 unit multifamily investment opportunity. This building is leased out by bedroom and consists of nine 2-bedroom units and four 1-bedroom units. The building has 21 of the 22 bedrooms leased through August, 2026. Strong rental history and a great location in Urbana make this a great add to any portfolio.
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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: $1,800,000
No. of Units: 13
Lot Size: 0.15 Acres
Opportunity Zone: No
Price per unit: $138,462
Property Website Click Here
Address: 302 S Cedar 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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