503 W Green Street
Urbana, IL 61801

Two parcels, 11 apartments, and potential for more development along High Street, just blocks away from the bustling University of Illinois Urbana Campus. The antebellum mansion on the Green Street side is built like a tank, full of character and history, and generates roughly $84,000 in annual gross income. With 10 one-bedroom and studio apartments, and one two-bedroom, this unit mix is ripe for substantial rent increases with just a little bit of renovations. The back lot, 58' x 123', faces High Street, and is currently used for parking. There is a substantial surplus of parking for the ten apartments, and the highest and best use here is probably a duplex or other new construction.