At least four police cruisers were in the area of Sycamore Hall, which is a student housing area of the campus.
Officers were going in and out of Sycamore Hall and had crime scene tape up in the area.
The university issued a statement after an all-clear notification was sent to the university community about 20 minutes after the incident was reported.
“Urbana University takes care and caution when it comes to the safety of the student community,” the university said in a prepared statement.
Additional details surrounding the incident were not immediately released.