302 S Cedar St is currently listed for sale at $1,800,000 for a price per square foot of $450.

302 S Cedar St totals 4,000 square feet of Multi-Family space on a lot spanning 0.15 acres.

302 S Cedar St is located in the Urbana neighborhood. In terms of ease of commuting, the area has a walk score of 91, indicating that it is perfect for walking.

302 S Cedar St

For Sale

302 S Cedar St, Urbana, IL 61801

Immerse yourself in the vibrant community surrounding the property in Urbana, IL. Nestled in a dynamic neighborhood, the area offers an array of conveniences and attractions just moments from downtown. Residents will enjoy easy access to charming local cafes, dining hotspots, and inviting outdoor spaces. Nearby cultural and entertainment venues, including the Krannert Center for the Performing Arts and the Spurlock Museum, provide enriching experiences for residents. With the prestigious university in close proximity, this well-connected and lively community is an ideal setting for a Multifamily / Low-Rise/Garden investment.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.

Key features

13 Unit Multifamily Investment in Great Location
Currently Leased By the Bedroom
Strong Rental History

Building Details

For Sale $1,800,000
Property Type Multi-Family
Property Size 4,000 SF
Units 13
Lot Size 0.15 Acre
Additional Rent Price on request
Date Updated Oct 8, 2026

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Contacts

Jordan Dunahee

Ramshaw Real Estate

Location

City Urbana, IL
Neighborhood Urbana
Zip Code 61801

Map
Street

Walk score 91/100 Walker's Paradise
Transit score 61/100 Good Transit
Bike score 76/100 Very Bikeable

Points of Interest

Champaign-Urbana

1.68 miles

Marathon

0.31 miles

Circle K

0.47 miles

ChargePoint

0.84 miles

1.47 miles

Tesla Supercharger

3.61 miles

Marro Lot

0.02 miles

Tepper Lot

0.06 miles

Urbana Public Parking

0.16 miles

D22

0.56 miles

0.65 miles

0.67 miles

D14

0.70 miles

Parking area

0.71 miles

Carle Employee Parking Lot No. 14

0.75 miles

F13

0.76 miles

M&M Auto Detail

0.47 miles

Above and Beyond Detailing

0.60 miles

Zipcar

1.71 miles

Smitty's Car Wash

2.13 miles

Rainstorm

2.47 miles

Enterprise

2.79 miles

Rainstorm Express

2.84 miles

Tres Nopales

0.13 miles

Baldoratta's

0.14 miles

Siam Terrace

0.15 miles

Stango

0.16 miles

Encanto Restaurant and Bar

0.16 miles

Sakura

0.17 miles

Courier Cafe

0.18 miles

Masijta Grill

0.22 miles

Black Dog Smoke & Ale House

0.25 miles

Baldarotta’s Porketta & Sicilian Sausage

0.29 miles

Lincoln Square

0.16 miles

World Harvest

0.16 miles

Common Ground

0.20 miles

Schnucks

0.45 miles

Target

1.06 miles

World Harvest Foods

1.15 miles

El Progresso

1.15 miles

Far East Grocery

1.23 miles

Dollar Store

1.26 miles

County Market

1.27 miles

Urbana Police Department

0.29 miles

Urbana Main Fire Station

0.29 miles

CVS Pharmacy

0.46 miles

Carle Foundation Hospital

0.54 miles

Walgreens

0.55 miles

Division of Public Safety

0.72 miles

McKinley Health Center

0.74 miles

Urbana Fire Station 4 - U of I Campus Station

0.81 miles

CampusTown Urgent Care

1.00 miles

OSF Heart of Mary Medical Center

1.01 miles

Listing Summary

Property Financials

302 S Cedar St is currently listed for sale at $1,800,000 for a price per square foot of $450.
Property Details

302 S Cedar St totals 4,000 square feet of Multi-Family space on a lot spanning 0.15 acres.
Area Characteristics

302 S Cedar St is located in the Urbana neighborhood.

In terms of ease of commuting, the area has a walk score of 91, indicating that it is perfect for walking.