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About This Home
This 12-bedroom, 11-bathroom residential multi family at 503 W Green Street in Urbana, IL is listed for $749,900. Built in 1890, on a N/A lot.
Two 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.
Key Features
- Built in 1890
- 3 stories
Property Details
Monthly Cost Estimate
$4,011/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
503 W Green Street
Urbana, IL 61801
Questions & Answers
This 12-bedroom, 11-bathroom residential multi family at 503 W Green Street is listed at $749,900. The estimated monthly payment is $3,250 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 3 stories.
This property is listed by J Leman and can be reached at (888) 574-9405 or j@jleman.com.