Student Housing Apartment
For Sale
Contact for pricing
120 McKnight Street, Normal, IL 61761
Student residences include apartment and townhome layouts with extensive outdoor amenities and a landscaped central courtyard.
Property Size121,974 SF
Days on Market9
Property Features for 120 McKnight Street
General Information
Standard status
Active
Size
121,974 SF
Class
A
Total Parking Spaces
282
Property subtype
Multifamily
Zoning
(R3-A) Medium-Density Multiple-Family Residence District
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
85
Amenities
resort-style pool
landscaped courtyard
outdoor lounge pavilions
fire pit
walking trails
Building Details
Year Built
2019
Year Renovated
2020
Buildings
13
Units
85
Tenancy
Multi
Listing Agency:
Hilco Global
Listed By:
Michael Kneifel · License #457618997
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 20 at 7:46AM
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 Hilco Global
Investment Insights
Based on property information with market context.
Built in 2019, this student housing community comprises 13 apartment and townhome buildings with 85 units and capacity for 280 beds. Shared improvements include a resort-style pool, landscaped courtyard, outdoor lounge pavilions, fire pit, and walking trails. The property is fully leased for the 2026–27 academic year and is zoned R3-A, a Medium-Density Multiple-Family Residence District.
The community is near Illinois State University and approximately one mile west of Heartland Community College. Connect Transit provides nearby public transportation, while Interstates 39, 55, and 74 are each within approximately three miles. The surrounding area includes multifamily communities, retail development, employment centers, and other commercial uses. Normal’s employment base includes Illinois State University, Rivian, and State Farm, along with education, manufacturing, insurance, and service-sector employers.
The community is near Illinois State University and approximately one mile west of Heartland Community College. Connect Transit provides nearby public transportation, while Interstates 39, 55, and 74 are each within approximately three miles. The surrounding area includes multifamily communities, retail development, employment centers, and other commercial uses. Normal’s employment base includes Illinois State University, Rivian, and State Farm, along with education, manufacturing, insurance, and service-sector employers.
Key Highlights
- 13 apartment and townhome buildings with 85 units and capacity for 280 beds
- Fully leased for the 2026–27 academic year
- Resort‑style pool, landscaped courtyard, lounge pavilions, fire pit, and walking trails
Property Analytics
Current Use
Lease Details
85
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 61761, IL
53,045
Population
22,037
Households
2.4
Avg Household Size
28
Median Age
52%
College-Educated
98%
High-School Grad
42.6 sq mi
ZIP Area
1,245
Density / Sq Mi
$66,642
Median Household Income
$28,606
Median Earnings
$976
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Student residences include apartment and townhome layouts with extensive outdoor amenities and a landscaped central courtyard.
Where is this apartment building located?
The property is located at 120 McKnight Street Normal, IL.
What are key features of this property?
This property features: 13 apartment and townhome buildings with 85 units and capacity for 280 beds; Fully leased for the 2026–27 academic year; Resort‑style pool, landscaped courtyard, lounge pavilions, fire pit, and walking trails
