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Multifamily Apartment Portfolio
For Sale
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Pending

1301 1305 1307 1309 & 1311 Arthur Ave, Charleston, IL 61920

Portfolio includes five apartment complexes with 31 total studio and one-bedroom units.

Property SizeContact for details
Days on Market134

Property Features for 1301 1305 1307 1309 & 1311 Arthur Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 31
Listing Agency: CENTURY 21 KIMA Properties
Listed By: Jennifer Swensen · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 21 at 8:04PM

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 CENTURY 21 KIMA Properties

Investment Insights

Based on property information with market context.

This for-sale portfolio features a custom designed and built multifamily setup comprising five separate apartment complexes with 31 total units. The properties offer a mix of studio and one-bedroom floor plans.

The addresses are 1301, 1305, 1307, 1309, and 1311 Arthur Ave in Charleston, IL 61920.

The offering is described as low maintenance, with an established rental history and generally strong tenant demand, including a reported waiting list.

Key Highlights

  • Portfolio includes five apartment complexes with 31 total studio and one‑bedroom units.
  • Apartment mix includes studio and 1‑bedroom apartments across all five complexes.
  • Property is described as having an exceptional rental history and generally a waiting list.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Building Supply Garden Center Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby

Demographics for 61920, IL

20,847
Population
9,786
Households
2.1
Avg Household Size
34
Median Age
35%
College-Educated
93%
High-School Grad
148.3 sq mi
ZIP Area
141
Density / Sq Mi
$54,229
Median Household Income
$27,949
Median Earnings
$823
Median Rent
$144,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Portfolio includes five apartment complexes with 31 total studio and one-bedroom units.
Where is this apartment building located?
The property is located at 1301 1305 1307 1309 & 1311 Arthur Ave Charleston, IL.
What are key features of this property?
This property features: Portfolio includes five apartment complexes with 31 total studio and one‑bedroom units.; Apartment mix includes studio and 1‑bedroom apartments across all five complexes.; Property is described as having an exceptional rental history and generally a waiting list.
(217) 549-5222 Call to check price and availability
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