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.
Off market
$841,800
504 E Green St, Urbana, IL 61802
1beds
0baths
--sqft
MultiFamily
Built in 1985
-- sqft lot
$841,800 Zestimate®
$--/sqft
$887 Estimated rent
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