503-505 E Elm St, Urbana, IL 61801

Two contiguous homes both with R-5 Zoning allowing Medium Density Multi-Family. Approximately 17,250 square feet of zoning allowing building heights up to 35 feet as per the City of Urbana. Combined the units rent for $25,320 per year currently and are locally third party managed. Earn rent until you are ready to build! Consult local zoning and perform due diligence before making an offer. Listing agent believes that the units are currently under-rented and thus there exists potential for value add.