x
Address
504 East Green Street East Urbana, IL
Price
$ 1,395,000
Property Attributes
  • MLS#10408892
  • TypeMulti-Family
  • CountyCHAMPAIGN
  • CityUrbana
  • AreaUrbana
  • Zip61802
  • Style
  • Year Built1985
  • Taxes28863
  • Price$ 1,395,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.81 Acres
Listing Provided Courtesy Of:
RE/MAX Choice
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.

Price History
6/7/2019 Listed $1,425,000
7/17/2019 3% - $1,395,000

General Features

Age 26-35 Years
Built Before 1978 No
Electric Expense 2007
Multi-Family Type Corridor-Exterior Entrance
Status Active
Tax Year 2017
Taxes 28863
Total Annual Income 160583
Total Units 22
Year Built 1985
Zoning MULTI

Interior Features

Air Conditioning Window Unit/s
Board Number 22
Dryer(s) 18
Ranges 22
Refrigerators 22
Total Monthly Income 13725
Total Stories 2
Unit Type 1 Rooms 5
Unittype3bedstotal 4

Exterior Features

Acreage .81
Alternate Phone Number (217) 841-7048
Exterior Building Type Vinyl Siding, Brick, Frame
Foundation Details Block, Concrete
Lot Dimensions 138X132 & 138X125
Number of Parking Spaces 20
Window A/C Units 22

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 61802

Price
AVG $410K
$1.4M
Taxes
AVG $8,970
$28,863
Visits
AVG 40
58
Year Built
AVG 1968
1985
Walkscore
AVG 34
82
Data Provided by Walkscore ® not using MLS data