Urbana Multifamily Investment
503 W Green Street, Urbana, IL 61801
New
MULTI_FAMILY - Urbana, IL
- Added:
- May 27, 2026
- Days on Market:
- 1
- Last Refresh:
- May 27 at 11:06 pm
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 9, Bedroom 4, Bedroom 10, Bedroom 1, Bedroom 8, Bathroom 10, Bedroom 6, Bathroom 5, Bedroom 5, Bedroom 9, Bedroom 3, Bathroom 8, Bathroom 6, Bedroom 11, Bedroom 2, Bedroom 12, Bathroom 3, Bedroom 7, Bathroom 7, Bathroom 4, Bathroom 1, Bathroom 11, Bathroom 2
- 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 (888) 574-9405
Listing office eXp Realty-Champaign 301 N Neil St Ste 338, Chicago, IL (888) 574-9405
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.
HighLights
- Prime location blocks from the University of Illinois Urbana Campus.
- Two separate parcels with development potential on High Street.
- Existing 11‑unit property with stable, fully leased mix of apartments.
- Current gross annual income of approximately $105,000 with projected increase to $112,800 starting August 1, 2026.
- Additional lot (58' x 123') suitable for new construction (duplex, etc.).
- Antebellum mansion with historical charm and solid construction.
Overview
This multifamily property comprises two separate parcels with 11 units, offering potential for further development along High Street. It is situated blocks from the University of Illinois Urbana Campus. The antebellum mansion on the Green Street side features historical charm and solid construction. The property currently generates approximately $8,800 per month, totaling around $105,000 in annual gross income. Gross income is projected 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 stabilized and fully leased, with opportunities to increase rents. The back lot, measuring 58' x 123', faces High Street and is currently used for parking. Given the excess parking, the long-term use of this lot may be suitable for a duplex or other new construction.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.213579
- Latitude
- 40.110419
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property near University of Illinois 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: Prime location blocks from the University of Illinois Urbana Campus.; Two separate parcels with development potential on High Street.; Existing 11‑unit property with stable, fully leased mix of apartments.
