1001 Francis DrChampaign, IL 61821

For Sale
$6,500,000

102-Unit Complex near UIUC, High Occupancy

Overview

Added:
Feb 3
Days on market:
39
Garden Court, a 60,330 square foot multifamily property in Champaign, IL, presents a compelling investment opportunity. This well-maintained complex boasts 102 units, comprised of 66 spacious two-bedroom, 1.1-bathroom apartments and 36 one-bedroom, one-bathroom apartments, situated on a 3-acre lot. Its prime location, just four miles from the University of Illinois, ensures a consistent and stable tenant base, with approximately half of the residents being graduate students. This translates to a reliable rental income stream and a strong return on investment. The property features 145 dedicated parking spaces, addressing a key need for residents. Convenient access to Interstates 74 and 57 provides easy commuting for residents, while the proximity to numerous shopping centers and restaurants enhances the property's appeal and livability. The lush landscaping and tranquil setting offer a welcome contrast to the urban conveniences nearby. This combination of strategic location, diverse unit mix, ample parking, and a strong tenant base makes Garden Court a truly exceptional investment opportunity, offering a blend of suburban tranquility and urban accessibility. The asking price is $6,500,000.

Property Details for 1001 Francis Dr

Property type
Other commercial real estate
Square Feet
60,330 SF
Year Built
1970
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.13075
Longitude
-88.26156
1001 Francis Dr, Champaign, Illinois

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1001 Francis Dr
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