112 W Hill Street, Champaign, IL 61820

Located in downtown Champaign, across from the Hill Street Parking Deck and near restaurants and nightlife, this historic building offers an investment opportunity. The Richardsonian building, once the "The Women's Town Club" hotel and later owned by Senator McKinley, now houses residential multi-family and commercial tenant spaces. The commercial space is currently occupied by the owner's business. The building features 6 luxury 2-bedroom residential apartments, ranging from 980 to 1400 sqft, which are currently 100% leased. Updates include zoned HVAC, 800 Amp electrical service, new plumbing, a recently added freight elevator and a historic passenger elevator, a new roof, thermopane windows, brick tuck-pointing, restored vintage and reproduction light fixtures, doors and windows, preserved tile flooring, and original woodworking. A sprinkler system fire-protects the entire building, and the ceiling separating the commercial space from the residential apartments above has a 2-hour fire rating. The first and second floor commercial space could be leased as a whole or split into multiple spaces. The apartments on the 3rd and 4th floors have room for rent increases, and additional residential units could be added. They feature cherry cabinets and high-end finishes, with some including tin ceilings and 100+-year-old pine floors. New windows were recently installed, and each unit features a washer and dryer. Unit 302 is multi-story, with the second bedroom accessible via a spiral staircase. The commercial space features a three story tall back loft which was opened from the first floor to the top of the 3rd floor. The building has potential as an event center space with parking in the parking deck. As a Historic Landmark, federal and state historical tax credits are available for future renovation and construction expenses.