New Construction - Eco Friendly
503 W Green Street Urbana, IL
$ 650,000
Property Attributes
  • MLS#11236779
  • TypeMulti-Family
  • CityUrbana
  • AreaUrbana
  • Zip61801
  • Style
  • Year Built1960
  • Taxes$ 16000
  • Price$ 650,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Abe Lincoln Realty
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Two parcels, 11 apartments, and potential for more development along High Street, just blocks away from the bustling University of Illinois Urbana Campus. The antebellum mansion on the Green Street side is built like a tank, full of character and history, and generates roughly $84,000 in annual gross income. With 10 one-bedroom and studio apartments, and one two-bedroom, this unit mix is ripe for substantial rent increases with just a little bit of renovations. The back lot, 58' x 123', faces High Street, and is currently used for parking. There is a substantial surplus of parking for the ten apartments, and the highest and best use here is probably a duplex or other new construction.

Price History
10/4/2021 Listed $705,000
11/6/2021 8% - $650,000

General Features

Additional Parcels Y/N Yes
City Urbana
County Champaign
Days on Market 90
Directions From Lincoln Avenue, eastbound on Green Street, house on right
Grossincome 77100
MLS Area Urbana
Net Operating Income 67000
Operatingexpense 10581
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 3
Street Name Green
Tax Annual Amount 16000
Tax Year 2020
Tenant Pays Electricity
Total Units 11
Township Cunningham
Year Built 1960
Zoning MULTI

Interior Features

Street Suffix Street

Exterior Features

Lot Dimensions 60X243
Total Parking 20


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 61801

AVG $770K
AVG $20,281
AVG 257
Year Built
AVG 1928
AVG 70
Data Provided by Walkscore ® not using MLS data

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