Urbana, IL 61802,504 E Green ST E
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Urbana, IL 61802,504 E Green ST E
Urbana, IL 61802,504 E Green ST E
Urbana, IL 61802,504 E Green ST E
Urbana, IL 61802,504 E Green ST E

$1,200,000

Est. payment /mo

$1,325,000

9.4%
Est.Price: ?

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504 E Green ST E Urbana, IL 61802

0.81 Acres Lot

SOLD DATE : 03/24/2020

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10408892

Sold Date 03/24/20

Maintenance Fees $16,470

Year Built 1985

Annual Tax Amount $28,863

Tax Year 2017

Lot Size 0.810 Acres

Lot Dimensions 138X132 & 138X125

Property Description

Investment package consisting of 20 highly desirable 1 bedroom apartments and 2 single family homes (zoned R-5 Medium-High Density Multi-Family). There is substantial value-add potential to this investment package as the 2 single family homes are contiguous to each other and across the alleyway from the existing 20 units. The two apartment buildings each consist of 4800 square feet and house 10 units each located at 504 and 506 E Green Street in Urbana. These apartments easily stay rented due to their close proximity to the University of Illinois (nearly 50,000 students), shopping, entertainment, dining, banking, parks, civic groups, places of worship, and a vast number of surrounding employers. The properties are currently being professionally managed by a local management firm. Property taxes reflect a combination of all four parcels and financials are available upon request.

Location

State IL

County Champaign

Area Urbana

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Building

Level or Stories 2

Structure Type Brick,Wood Frame

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Midwest Real Estate Data (MRED) IDX
Listed by Brandon Moore • RE/MAX Choice
Bought with Brandon Moore • RE/MAX Choice
agent

Yuriy Figel

Real Estate Broker

+1(224) 505-8080

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