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503 W Green Street

Urbana, IL 61801
  • $650,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 11236779
UPDATED: 66 min ago
$650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

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 $67,000 in annual net 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 Illinois 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.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T12:01:58.833 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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503 W Green Street Urbana, IL 61801

  • Price: $650,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 66 min ago
  • MLS #: 11236779
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Urbana
County:
Champaign
Area:
Urbana
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 $67,000 in annual net 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 Illinois 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.
Exterior Features

Parking Total 20

Interior Features

Heat Ventilation Central Bldg Heat

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Gross Income 77100 Gross Scheduled Income 77100 Insurance Expense 0 Maintenance Expense 0 Net Operating Income 67000 Operating Expense 10581 Tax Annual Amount 16000 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 6425 Township Cunningham Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Abe Lincoln Realty.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-30T12:01:58.833 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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