$1,200,000
$1,325,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
504 E Green ST E Urbana, IL 61802
0.81 Acres Lot
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Brandon Moore • RE/MAX Choice