Property for Sale: 504 E GreenE, Urbana, 61802 SOLD

$1,200,000
$1,200,000
504 E GreenE, Urbana, 61802 SOLD
$1,200,000
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Selling Price: $1,200,000
Original List Price: $1,425,000
Sold at 84.2% of list price
Sold Date: 03/24/2020

Type Commercial
Lot Size 0.81 acres
Year Built 1985

City Urbana
County Champaign

MLS 10408892
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.

Lot & Building Features

Tax Year 2017
Lot Dimensions 138X132 & 138X125 ft

Price History of 504 GreenE, Urbana,

Date Name Price Difference
11/23/2019 Price Adjustment $1,200,000 13.98%
07/17/2019 Price Adjustment $1,395,000 2.11%
12/31/1969 Listing Price $1,425,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 504 GreenE, Urbana,

Location Map Street View
Photo of Cheryl Cronin
Direct: 708-237-7799
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by RE/MAX Choice, Brandon Moore
Sold by RE/MAX Choice, Brandon Moore
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6.75%
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Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RE/MAX Choice