Campus Redevelopment Opportunity (In Place Income)

Opportunity ZoneSaleMulti-Family 8,162 SF
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501-503 W Green St
Urbana, IL 61801
Price: $999,500.00
Building Size: 8,162 SF
Lot Size (sqft): 24,970 SF
Zoning: MOR; R-3
Tax PIN: 92-21-17-128-005, -006, -013, -014
Cap Rate: 7.22%
NOI: $71,867.06

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this single owner assemblage of four properties: 501 W. Green St., 503 W Green St., 305 S. McCullough St., and 504 W. High St.. The four parcels total 24,970 SF (0.5732 Ac) and currently have three multifamily buildings with in place income. The current structures are comprised of the following:

501 W Green St is a 1,658 SF four bedroom, 1.5 bath, dwelling that sits on 7,290 SF Lot.
503 W. Green St is a 5,410 SF 11 unit building consisting of: 3 efficiencies, 7 one bedroom apartments, 1 two bedroom apartments, and sits on 7,290 SF Lot.
305 S. McCullough St is a 1,094 SF two bedroom, 1 bath dwelling that sits on 3,100 SF Lot.
504 W. High St is a vacant lot that is currently utilized as parking for 503 W. Green St. and is a 7,290 SF Lot.

Area Description

Subject property is located 3 blocks east of Lincoln Ave and 3 blocks west of Race St on West Green Street in campustown and is less than 1 mile from the University of Illinois at Urbana-Champaign Quad.

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