Urbana Multifamily Investment
503 W Green Street Urbana, IL 61801
For Sale
$749,900
MULTI_FAMILY - Urbana, IL
Days on Market60
Property Features for 503 W Green Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 12
- Bathrooms
- 11
- Rooms
- Bathroom 10, Bathroom 9, Bedroom 9, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 10, Bedroom 11, Bedroom 6, Bedroom 8, Bathroom 6, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 8, Bathroom 11, Bedroom 2, Bathroom 1, Bedroom 12, Bedroom 7, Bathroom 7, Bedroom 3
- Standard status
- Active
- APN
- 922117128005
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PTS LOTS 10 & 13, SNYDERS ADDITION
- Tax Annual Amount
- 19890
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 11
Listing Agency:
eXp Realty-Champaign
(888) 574-9405
Listed By:
J Leman · License #475184798
(888) 574-9405
Added: May 27
Changed: Jul 23
Last Checked: Jul 25 at 6:06AM
MLS# 12659646
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property in Urbana, Illinois, comprises two separate parcels with a total of 11 units, offering potential for further development along High Street. Situated blocks from the University of Illinois Urbana Campus, the property includes an antebellum mansion on the Green Street side, characterized by its solid construction, charm, and historical features. The property currently generates approximately $8,800 per month, totaling roughly $105,000 in annual gross income, with projections to increase to $9,400 per month starting August 1, 2026. The unit mix includes 10 one-bedroom and studio apartments, along with one two-bedroom apartment. The property is fully leased, with opportunities to increase rents. Major electrical upgrades were completed in 2024. The back lot, measuring 58' x 123' and facing High Street, is currently used for parking. Given the excess of parking, the lot presents an opportunity for new construction, such as a duplex.
Key Highlights
- Two separate parcels with 11 units; current income is $8,800/month and projects to $9,400/month starting Aug 1, 2026
- Unit mix includes 10 one‑bedroom/studio apartments and 1 two‑bedroom; all units are stabilized and fully leased
- Back lot is 58' x 123', faces High Street, and is currently used for parking
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Eleven units near University of Illinois campus with development potential.
Where is this apartment building located?
The property is located at 503 W Green Street Urbana, IL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two separate parcels with 11 units; current income is $8,800/month and projects to $9,400/month starting Aug 1, 2026; Unit mix includes 10 one‑bedroom/studio apartments and 1 two‑bedroom; all units are stabilized and fully leased; Back lot is 58' x 123', faces High Street, and is currently used for parking
