# 707 W Elm Street, Urbana, IL 61801

> **TL;DR:** 17bd/7ba residential multi family, $575,000.
> A/C. Est. $3,076/mo. Listed 49 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $575,000 |
| Bedrooms | 17 |
| Bathrooms | 7 full |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 49 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,908 |
| Estimated Insurance | $168 |
| **Total** | **$3,076** |

## Key Amenities

- A/C

## Property Highlights

- 3 stories

## Description

### Agent Description
Great opportunity to own a 5-unit multifamily property located in the Enterprise Zone and just minutes from the University of Illinois and downtown Urbana. The property features five furnished apartments, including a unique two-story townhouse with 4 bedrooms and 2 full baths, two 3-bedroom apartments with attractive cathedral ceilings, and two 2-bedroom apartments and over $6,000 in Gross Monthly Income. Each unit offers a gas fireplace, refrigerator, stove, dishwasher, microwave, and either a private balcony or patio. Residents also have access to on-site laundry facilities for an additional charge, along with assigned off-street parking. Rent includes fiber-optic internet and common-area fees, while electricity and water are separately metered and billed directly to tenants. The property has a newer roof, numerous recent updates, and a strong rental history. All five units are currently rented for the 2026-2027 school year, providing an excellent opportunity for an investor looking for immediate rental income. The location is hard to beat-approximately 11/2 blocks east of Lincoln Avenue and just one block north of Green Street, providing easy access to the University of Illinois, downtown Urbana, restaurants, shopping, and other area amenities. A solid investment opportunity in a convenient and highly desirable rental location. Seller would like to sell 707 Elm with 705 Elm (Adjacent 10 unit). Financials are attached.

## Location

- **Address:** 707 W Elm Street, Urbana, IL 61801
- **County:** Champaign
- **Coordinates:** 40.11123, -88.216907
- **Google Maps:** https://www.google.com/maps?q=40.11123,-88.216907

## Listing Agent

- **Name:** J Leman
- **Brokerage:** eXp Realty, LLC
- **Broker Phone:** (888) 574-9405
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/707-W-Elm-St-Apt-5_Urbana_IL_61801_M72118-87429?f=listhub&s=MREDIL&m=12759922&c=propsimple)

## Photos

![707 W Elm Street - Photo 1](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f2782902332r.jpg)

![707 W Elm Street - Photo 2](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f2758044328r.jpg)

![707 W Elm Street - Photo 3](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f3384431069r.jpg)

![707 W Elm Street - Photo 4](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f403768985r.jpg)

![707 W Elm Street - Photo 5](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f1722148860r.jpg)

![707 W Elm Street - Photo 6](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f1898322693r.jpg)

![707 W Elm Street - Photo 7](http://lh.rdcpix.com/dd41be98c69bcba069b0a5d7e2c472a3l-f2330967758r.jpg)

---

**MLS#:** 12759922 | **Updated:** 2026-10-25
**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://staging.propertysimple.ai/listing/707-w-elm-street-urbana-il-61801-2cda8cfe5bb845b1a54570357351c1a0)

---

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