504 E Green Street, URBANA IL 61802 Photo 1 504 E Green Street, URBANA IL 61802 Photo 2 504 E Green Street, URBANA IL 61802 Photo 3 504 E Green Street, URBANA IL 61802 Photo 4 504 E Green Street, URBANA IL 61802 Photo 5 504 E Green Street, URBANA IL 61802 Photo 6 504 E Green Street, URBANA IL 61802 Photo 7 504 E Green Street, URBANA IL 61802 Photo 8 504 E Green Street, URBANA IL 61802 Photo 9 504 E Green Street, URBANA IL 61802 Photo 10 504 E Green Street, URBANA IL 61802 Photo 11 504 E Green Street, URBANA IL 61802 Photo 12 504 E Green Street, URBANA IL 61802 Photo 13 504 E Green Street, URBANA IL 61802 Photo 14 504 E Green Street, URBANA IL 61802 Photo 15 504 E Green Street, URBANA IL 61802 Photo 16 504 E Green Street, URBANA IL 61802 Photo 17
Listing Courtesy of Re/Max Choice

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504 E Green Street - 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.

Listing information

  • MLS® ID: 10408892
  • Status: Active
  • New Construction: No
  • Lot Size: 138X132 & 138X125
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $28,863
  • Year Built: 1985
  • Parking Type Description: None 0 cars
  • Lot Area: 0.81 Acres
  • County: Champaign

Features

Air Conditioning Window Unit/s
Approximate Age 26-35 Years
Built Before 1978 (Y/N) No
Construction Brick, Wood Frame
Current Use Residential-Multi-Family
Exterior Building Type Brick, Frame, Vinyl Siding
Foundation Block, Concrete
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Electric
Information 24-Hr Notice Required, List Broker Must Accompany, No Sign on Property, Show-Call Listing Office
Other # Of Dishwashers - 20, # Of Disposals - 0, # Of Dryers - 18, # Of Ranges - 22, # Of Refrigs - 22, # Of Units - 22, # Of Washers - 18, # Of Window/Ac - 22, Electricity Expense - 2007, Expense Year - 2018, Fuel Expense - 0, Gross Rent Multiplier - 8.65, Gross Rental Income $ - 164700, Insurance Expense - 5700, Janitor Expense - 0, Net Oper Income $ - 99491, Net Operating Income Year - 2018, Other Expenses - 0, Repairs-Decor Expense - 16470, Scavenger Expense - 2717, Tax Year - 2017, Total Annual Exp - 61092, Total Annual Income - 160583, Total Monthly Income - 13725, Water Expense - 3432, Zoning Type - Multi
Possession Closing
Property Type Multi Family 5+
Tenant Pays Air Conditioning, Electric, Heat, Water/Sewer
Type Multi-Family Corridor-Exterior Entrance
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Re/Max Choice