503 W Green Street
Property Description
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.
Broker Details
eXp Realty, LLC (888) 574-9405
MLS ID: 950278 State License Number: 475184798
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $699,900 |
| No. of Units: | 11 |
| Year Built: | 1890 |
| Opportunity Zone: | No |
| Price per unit: | $63,627 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 11 |
ID: 3yd-MREDIL-12659646
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