503 W Green Street
Urbana, IL, 61801
$749,900
3 Beds
2 Baths
0 SqFt
0 Acres
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MLS #MRD12659646 image #0
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.

Property Details

Price:
$749,900
MLS #:
MRD12659646
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
urbana
Listed Date:
May 27, 2026
Year Built:
1890
UrbanaUrbana

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Interior

Exterior

Stories
3

Financial

Tax Year
2025
Taxes
$19,890

Map

Community

Market Summary

Current real estate data for Commercial in Urbana as of Jun 18, 2026
14
Commercial Listed
147
Avg DOM
$808,764
Avg List Price

Property Summary

    503 W Green Street Urbana IL is a Commercial for sale in Urbana, IL, 61801. It is listed for $749,900

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