Multifamily Apartment Building with
For Sale
Contact for pricing
1007 S Locust St, Champaign, IL 61820
Fully leased multifamily property with in-unit laundry and dishwashers, plus most units featuring private balconies.
Property SizeContact for details
Days on Market119
Property Features for 1007 S Locust St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
29
Building Details
Tenancy
Multi
Listing Agency:
Green Street Reality
(217) 356-8750
Listed By:
Shannon Collins · License #Illinois 475.178418
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 20 at 4:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Street Reality
Investment Insights
Based on property information with market context.
The Castle on Locust is a fully leased multifamily apartment building offering 29 units and 85 total beds. The unit mix includes 13 four-bedroom units, 2 three-bedroom units, 13 two-bedroom units, and 1 one-bedroom unit. Interior features include in-unit laundry and dishwashers in all units, with private balconies in most units. Select layouts add variety, including 3-story deluxe units and 2-story townhomes with spiral staircases.
Covered parking is available. Tenants pay for water while electricity is included with a cap. In addition, there is an extra $35 per bed utility fee that covers internet, trash, recycling, and UC sanitary services. Current leases run from August 18, 2025, through July 31, 2026, on a 12-installment schedule.
The property is presented as a value-add investment with income growth reflected in its reported NOI trend and 2025–2026 proforma projections showing income exceeding $400K.
Covered parking is available. Tenants pay for water while electricity is included with a cap. In addition, there is an extra $35 per bed utility fee that covers internet, trash, recycling, and UC sanitary services. Current leases run from August 18, 2025, through July 31, 2026, on a 12-installment schedule.
The property is presented as a value-add investment with income growth reflected in its reported NOI trend and 2025–2026 proforma projections showing income exceeding $400K.
Key Highlights
- Fully leased multifamily with 29 units and 85 total beds
- Unit mix includes 13 four‑bedroom, 2 three‑bedroom, 13 two‑bedroom, and 1 one‑bedroom unit
- In‑unit laundry and dishwashers in all units, with most units featuring private balconies
Property Analytics
Property Profile
Current Use
Lease Details
29
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with in-unit laundry and dishwashers, plus most units featuring private balconies.
Where is this apartment building located?
The property is located at 1007 S Locust St Champaign, IL.
What are key features of this property?
This property features: Fully leased multifamily with 29 units and 85 total beds; Unit mix includes 13 four‑bedroom, 2 three‑bedroom, 13 two‑bedroom, and 1 one‑bedroom unit; In‑unit laundry and dishwashers in all units, with most units featuring private balconies
