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MLS#12659646
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property DescriptionTwo separate parcels, 11 units , and potential for more development along High Street, located just blocks away from the vibrant and ever expanding University of Illinois Urbana Campus. The antebellum mansion on the Green Street side is well built and solid, full of charm and history. Current income of $8,800 a month roughly $105,000 in annual gross income. Gross Income projects to jump to $9,400 a month starting August 1, 2026. A mix of 10 one-bedroom and studio apartments, and one two-bedroom, this unit mix stabilized and fully leased, but also has room for rents to be bumped creating instant value. Major Electrical upgrades in 2024. The back lot, 58' x 123', faces High Street, and is currently used for parking. There is a substantial excess of parking, and the best long-term use is probably a duplex or other new construction. Property FeaturesProperty Type: Multi Unit - Multiple Lot Size: 0.33 Acres Stories: 3.0 Taxes: $19,889 Year Built: 1890 Feature DescriptionsHVAC: Central Bldg Heat
Lot Dimensions: 60X243
Parcel#: 922117128005
Tenant Pays: Electricity
Units: 11
Listed By / Shown ByListed By
Agency Name: eXp Realty-Champaign Shown By
Agent Name: Teresa Shreve 
Estimate Your PaymentEstimated Payment $ 5,282.42 per month $3,406.28 Principal & Interest $1,657.42 Property Tax $218.72 Homeowner's InsuranceChange Payment Information |
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503 W Green Street | MLS# 12659646
This multi-family property located at 503 W Green Street, Urbana, IL 61801 is currently listed for sale with an asking price of $749,900. Search Urbana real estate on tshreve.gogambino.com today.