Urbana, IL Multifamily Homes & Duplexes for Sale
About Urbana

With a population of 38,000 in central Illinois, Urbana makes up the east end of the Champaign-Urbana community. Connected to its counterpart through the campus of University of Illinois Urbana-Champaign, people may come to town for the university, but a vibrant local culture, lush parks and a relatively affordable housing market are some of the things that get residents to stay after graduation.
Urbana’s single-family home selection is mature and varied. City blocks of late 19th-century homes, newly built subdivisions and cul-de-sacs develo ...
Home Trends in Urbana, IL
On average, homes in Urbana, IL sell after 33 days on the market compared to the national average of 47 days. The average sale price for homes in Urbana, IL over the last 12 months is $233,351, up 7% from the average home sale price over the previous 12 months.
Home Trends
In Urbana, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $200,000 to $950,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Urbana is $220,000, while the average sale price is $233,351, offering insights into the local housing market. On average, multi-family homes spend 33 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Urbana, IL.