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1001 Francis Drive,  Champaign IL, 61821

(Active)
$6,500,000
|
|
MLS# 11834165
Last Updated: 5/19/2024 8:46 AM
Description for 1001 Francis Drive Champaign, IL 61821
Presenting Garden Court, an exceptional 102-unit multi-family property strategically located just 4 miles from the University of Illinois in Champaign-Urbana. The property, nestled with trees and foliage, offers a mix of 66 spacious two-bedroom, 1.1 bath units and 36 one-bedroom, one bath units. Approximately 50% of the residents are graduate students from the nearby university, giving the property a stable and robust tenant base, indicative of a reliable and consistent rental market. This well-maintained property guarantees easy commuting with swift access to Interstates 74 and 57. It further enhances resident convenience with 145 dedicated parking spaces. Proximity to a variety of shopping outlets and restaurants creates an ideal balance of urban convenience and suburban tranquility, adding significantly to Garden Court's appeal. In summary, Garden Court presents a unique blend of strategic location, diverse accommodations, and a stable tenant base, making it a rare and lucrative investment opportunity. Its closeness to the University of Illinois, ease of transportation, abundant parking, and the array of nearby amenities all contribute to its charm, creating an inviting and sustainable living environment that ensures a solid ROI for potential buyers.
Price
$6,500,000
Champaign
11834165
Active
Description
Presenting Garden Court, an exceptional 102-unit multi-family property strategically located just 4 miles from the University of Illinois in Champaign-Urbana. The property, nestled with trees and foliage, offers a mix of 66 spacious two-bedroom, 1.1 bath units and 36 one-bedroom, one bath units. Approximately 50% of the residents are graduate students from the nearby university, giving the property a stable and robust tenant base, indicative of a reliable and consistent rental market. This well-maintained property guarantees easy commuting with swift access to Interstates 74 and 57. It further enhances resident convenience with 145 dedicated parking spaces. Proximity to a variety of shopping outlets and restaurants creates an ideal balance of urban convenience and suburban tranquility, adding significantly to Garden Court's appeal. In summary, Garden Court presents a unique blend of strategic location, diverse accommodations, and a stable tenant base, making it a rare and lucrative investment opportunity. Its closeness to the University of Illinois, ease of transportation, abundant parking, and the array of nearby amenities all contribute to its charm, creating an inviting and sustainable living environment that ensures a solid ROI for potential buyers.
Listing Information
Property Type: Business Opportunities, Other
3 Acres 1970
102 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
145 Parking Spaces,
3
MULTI
Driving Directions
HWY 74 exit Prospect Ave and turn right onto Francis Dr.
Financial Considerations
412002476001
$115,345
Listing Price History

Champaign Real Estate

Champaign is located in Illinois. Champaign, Illinois 61821 has a population of 89,892.

The median household income in Champaign, Illinois 61821 is $58,172. The median household income for the surrounding county is $56,059 compared to the national median of $66,222. The median age of people living in Champaign 61821 is 33 years.

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Courtesy: Berkshire Hathaway HomeServices Chicago
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/19/2024 8:46 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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