Description
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.
Details
| MLS # | 12659646 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 125 |
| Listing Provided By | eXp Realty-Champaign | J Leman |
Features
| Story(s) | 3 |
|---|---|
| Units | 11 |
| Zoning | MULTI |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 19889.66 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Urbana |
| Zip Code | 61801 |
| Area | Urbana |
| Listing VS Median (in 61801) | |
Price: $699,900 low | high Med: $229,950 On site: 125 low | high Med: 153 | |
Market Activity 61801
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Urbana |
| Zip Code | 61801 |
| Area | Urbana |
| Listing VS Median (in 61801) | |
Price: $699,900 low | high Med: $229,950 On site: 125 low | high Med: 153 | |
