505 W Springfield Avenue, Urbana, IL, 61801

505 W Springfield Ave, Urbana, is a 3 story plus garden level 16 unit apartment building located in the heart of Urbana, minutes from the University of Illinois campus. This building consists of 15 two-bedroom, one-bath units and 1 one bedroom studio unit. This all-brick building is metered separately for electric and cold water. Landlord pays for both domestic and heating hot water. The opportunity for increased rental income exists by bringing rents up to current market rates. Rarely do buildings of this size in this location become available for sale. Hurry!