Price Reduction - New Construction
Address
503 W Green Street, Urbana, IL
Price
$ 699,900
Property Attributes
- MLS#12659646
- TypeMulti-Family
- Listing Status Active
- CountyCHAMPAIGN
- CityUrbana
- AreaUrbana
- Zip61801
- Style
- Year Built1890
- Taxes$ 19889
- Price$ 699,900
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Two separate parcels, 11 units , and potential for more development along High Street, located just blocks away from the vibrant and ever expanding University of Illinois Urbana Campus. The antebellum mansion on the Green Street side is well built and solid, full of charm and history. Current income of $8,800 a month roughly $105,000 in annual gross income. Gross Income projects to jump to $9,400 a month starting August 1, 2026. A mix of 10 one-bedroom and studio apartments, and one two-bedroom, this unit mix stabilized and fully leased, but also has room for rents to be bumped creating instant value. Major Electrical upgrades in 2024. The back lot, 58' x 123', faces High Street, and is currently used for parking. There is a substantial excess of parking, and the best long-term use is probably a duplex or other new construction.
| Price History | |
|---|---|
| 5/27/2026 | Listed $749,900 |
| 8/10/2026 | 4$725,000 |
| 9/8/2026 | 4$699,900 |
General Features
| Zoning | MULTI |
|---|---|
| Year Built | 1890 |
| Tenant Pays | Electricity |
| Stories Count | 3 |
| Township | Cunningham |
| Tax Year | 2025 |
| Gross Income | 8650 |
| Additional Parcels Description | 922117128013 |
| County | Champaign |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | From Lincoln Avenue,eastbound on Green Street,house on right |
| City | Urbana |
| Number Of Units Total | 11 |
| MLS Area | Urbana |
| Tax Annual Amount | 19889.66 |
| Additional Parcels Y/N | Yes |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Lot Dimensions | 60X243 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 61801
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 2:41 AM UTC
