$1,120,000
$1,200,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
504-506 E Green ST Urbana, IL 61801
0.42 Acres Lot
Key Details
Sold Price $1,120,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11911222
Sold Date 01/30/24
Year Built 1985
Annual Tax Amount $36,606
Tax Year 2022
Lot Size 0.420 Acres
Lot Dimensions 138X132
Property Description
20 total units, 20 - 1 bedroom units on Green Street. The apartment complex is situated close to Lincoln Square Mall, Carle, OSF, and the University of Illinois to name a few. This offering is also located near dining and nightlife and will appeal to tenants. This offering presents substantial value-add potential through increased rent, improving the property, and streamlining the management. One roof has been replaced in the last 2 years. Most units feature a washer and dryer and a complement of appliances including refrigerator, stove, and dishwasher. Two year P&L and rent roll available for qualified buyers. Currently these units are managed locally through a third party company.
Location
State IL
County Champaign
Area Urbana
Zoning MULTI
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Building
Level or Stories 2
Structure Type Brick,Wood Frame
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Carol Meinhart • The Real Estate Group,Inc