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    Urbana Multifamily Investment Opportunity

    503 W Green Street Urbana, IL 61801

    Claim this Listing
    For Sale
    $749,900

    MULTI_FAMILY - Urbana, IL

    Added:
    May 27, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 12 at 3:06 am

    Property Features for 503 W Green Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    12
    Bathrooms
    11
    Rooms
    Bedroom 3, Bathroom 8, Bathroom 7, Bathroom 1, Bedroom 8, Bathroom 9, Bathroom 2, Bedroom 1, Bathroom 10, Bathroom 11, Bedroom 2, Bathroom 5, Bedroom 9, Bedroom 6, Bedroom 12, Bedroom 10, Bedroom 11, Bedroom 7, Bathroom 6, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 4
    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 agent J Leman License #475184798

    Listing office eXp Realty-Champaign 301 N Neil St Ste 338, Chicago, IL

    Listing date May 27, 2026

    MLS# 12659646 Listing URL

    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

    • 1890‑built antebellum‑style mansion with 11 units across two parcels
    • Current income of $8,800/month (about $105,000 annual gross income); gross income projected to $9,400/month starting Aug. 1, 2026
    • Unit mix: 10 one‑bedroom/studio units plus one two‑bedroom; stabilized and fully leased

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Plumbing Service (Bike/Boat/Book/etc) Store Florist Veterinary Clinic Furniture & Home Goods Electrical Service Pet Grooming Service Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

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    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: 1890‑built antebellum‑style mansion with 11 units across two parcels; Current income of $8,800/month (about $105,000 annual gross income); gross income projected to $9,400/month starting Aug. 1, 2026; Unit mix: 10 one‑bedroom/studio units plus one two‑bedroom; stabilized and fully leased
    Contact an agent
    (888) 574-9405
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    Contact an agent
    J Leman
    Real Estate License ID: 475184798
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