Student Housing Apartment
For Sale
Contact for pricing
Pending
800 W Hovey Ave, Normal, IL 61761
Adjacent to Illinois State University, the property includes dedicated study, fitness, and resident lounge amenities.
Property SizeContact for details
Days on Market142
Property Features for 800 W Hovey Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
125
Amenities
lobby
cyber lounge
private study rooms
fitness center
yoga studio
high-speed internet
Building Details
Year Built
2004
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Scott Clifton · License #IL 475.170910
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:10PM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The Edge on Hovey is a 125-unit, 481-bed student housing community at 800 W Hovey Ave in Normal, Illinois. Built in 2004, the property has received upgrades including a refreshed lobby, cyber lounge, private study rooms, a fitness center, yoga studio, interior furnishings, and high-speed internet. Its apartment configuration and amenity package are designed for student residents near Illinois State University.
The community is adjacent to Illinois State University and serves its student population. Occupancy was 100%, with 79% pre-leased for the 2023–2024 academic year as of May 16, 2023. The reported pre-leasing position included 7.7% rent growth.
The community is adjacent to Illinois State University and serves its student population. Occupancy was 100%, with 79% pre-leased for the 2023–2024 academic year as of May 16, 2023. The reported pre-leasing position included 7.7% rent growth.
Key Highlights
- 125‑unit, 481‑bed student housing community
- Adjacent to Illinois State University in Normal, Illinois
- 100% occupied at the reported time
Property Analytics
Current Use
Lease Details
125
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,005
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 - Adjacent to Illinois State University, the property includes dedicated study, fitness, and resident lounge amenities.
Where is this apartment building located?
The property is located at 800 W Hovey Ave Normal, IL.
What are key features of this property?
This property features: 125‑unit, 481‑bed student housing community; Adjacent to Illinois State University in Normal, Illinois; 100% occupied at the reported time
