Multifamily Apartment
For Sale
Contact for pricing
2106 W White St, Champaign, IL 61821
Market-rate multifamily community with over 500 units and an active renovation program, including a newly built clubhouse.
Property SizeContact for details
Days on Market122
Property Features for 2106 W White St
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Occupancy
68%
Amenities
clubhouse
Building Details
Tenancy
Multi
Listing Agency:
Triad Real Estate Partners
Listed By:
Sean Lyons · License #IL 475145639
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 3:27PM
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 Triad Real Estate Partners
Investment Insights
Based on property information with market context.
Gramercy Park is a traditional, market-rate multifamily apartment community with over 500 units. The property is currently in the midst of a renovation program, and the clubhouse is described as brand new. The remarks also note an opportunity to continue renovations at the property and unit level.
The property is located in Champaign, Illinois on the west side, approximately 3 miles west of the University of Illinois. It is presented as being in close proximity to Kraft Foods and Plastipak, which together employ nearly 2,000 workers.
According to the provided remarks, Gramercy Park is being offered free and clear of debt, and the current occupancy is described as 68% in a submarket that is nearly 95% occupied. The information also states that primary employers beyond the university and health systems are located to the north and west of Champaign, including major retailers and industrial centers.
The property is located in Champaign, Illinois on the west side, approximately 3 miles west of the University of Illinois. It is presented as being in close proximity to Kraft Foods and Plastipak, which together employ nearly 2,000 workers.
According to the provided remarks, Gramercy Park is being offered free and clear of debt, and the current occupancy is described as 68% in a submarket that is nearly 95% occupied. The information also states that primary employers beyond the university and health systems are located to the north and west of Champaign, including major retailers and industrial centers.
Key Highlights
- Market‑rate multifamily community with over 500 units in west Champaign, IL—about 3 miles west of the University of Illinois
- Property is currently 68% occupied; submarket occupancy is nearly 95%
- Active renovation program underway, with updates intended to improve competitiveness versus Class B rents
Property Analytics
Current Use
Lease Details
68%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
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 - Market-rate multifamily community with over 500 units and an active renovation program, including a newly built clubhouse.
Where is this apartment building located?
The property is located at 2106 W White St Champaign, IL.
What are key features of this property?
This property features: Market‑rate multifamily community with over 500 units in west Champaign, IL—about 3 miles west of the University of Illinois; Property is currently 68% occupied; submarket occupancy is nearly 95%; Active renovation program underway, with updates intended to improve competitiveness versus Class B rents
