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501 W California Ave
Urbana, IL 61801

$500,000 USD

Apartments For Sale  •  3,100 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,100 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1987
  • Zoning R-2
40 Transit Score
70 Walk Score

Highlights

Active building permit remains in place through December 23, 2026.
Architectural plans and redevelopment approvals are included in the sale.
New roof, framing, plumbing rough-ins, and electrical work have been completed.
Construction materials, appliances, fixtures, and laundry equipment transfer with ownership.
Located near the University of Illinois and Downtown Urbana.
Three-unit apartment redevelopment plan includes separate utilities and onsite parking.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Champaign-Urbana (City of New Orleans - Amtrak, Illini - Amtrak, Saluki - Amtrak) 5 min - 2.2 mi
AirportDriveWalkDistance
University of Illinois/Willard 25 min - 11.4 mi
AJ Thoma III 217-403-3425 Coldwell Banker Commercial Devonshire Realty
AJ Thoma III 217-403-3425 Coldwell Banker Commercial Devonshire Realty