Student and Non-Student Multifamily
For Sale
Contact for pricing
Pending
107 S Wright St, Champaign, IL 61820
Eighteen multifamily assets serve both student and non-student residents near the University of Illinois campus.
Property SizeContact for details
Days on Market143
Property Features for 107 S Wright St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Ramshaw Real Estate, Inc.
(217) 359-3131
Listed By:
Jordan Dunahee · License #IL 475181066
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 11:36PM
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 Ramshaw Real Estate, Inc.
Investment Insights
Based on property information with market context.
This multifamily portfolio includes 18 student and non-student housing assets in the Champaign-Urbana area, on and around the University of Illinois campus. The properties contain 184 units in total, with individual buildings ranging from 1 to 56 units. Leasing is conducted by unit or by bedroom, depending on each building’s layout, and select properties also produce income from parking and utility or repair billbacks.
Lease terms run for 12 months from August through the end of July, aligning the portfolio with the academic calendar. As of the stated reporting period, 142 units—77% of the portfolio—were pre-leased for the 2024-25 lease year, with pre-leasing underway for anticipated 98%+ occupancy. Construction includes brick, concrete, and wood-frame exteriors. Most improvements were built within the last 30 years, and many properties have received major renovations, including recent updates to older buildings.
Lease terms run for 12 months from August through the end of July, aligning the portfolio with the academic calendar. As of the stated reporting period, 142 units—77% of the portfolio—were pre-leased for the 2024-25 lease year, with pre-leasing underway for anticipated 98%+ occupancy. Construction includes brick, concrete, and wood-frame exteriors. Most improvements were built within the last 30 years, and many properties have received major renovations, including recent updates to older buildings.
Key Highlights
- 18 student and non‑student housing assets in Champaign‑Urbana
- 184 total units, with individual properties ranging from 1 - 56 units
- 142 units, or 77% of the portfolio, pre‑leased for the 2024‑25 lease year
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,822
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?
Multifamily property - Eighteen multifamily assets serve both student and non-student residents near the University of Illinois campus.
Where is this multifamily property located?
The property is located at 107 S Wright St Champaign, IL.
What are key features of this property?
This property features: 18 student and non‑student housing assets in Champaign‑Urbana; 184 total units, with individual properties ranging from 1 - 56 units; 142 units, or 77% of the portfolio, pre‑leased for the 2024‑25 lease year
