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Furnished Student Housing Apartments
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508 E Stoughton St, Champaign, IL 61820

Multifamily property offering furnished apartments near the University of Illinois, County Market, and the Engineering Quad.

Property SizeContact for details
Days on Market143

Property Features for 508 E Stoughton St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: JSM Commercial
Listed By: Nathan Lilly · License #IL 475172395
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:00PM

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 JSM Commercial

Investment Insights

Based on property information with market context.

This 12-unit apartment property contains 24 beds configured as furnished two-bedroom, one-bath residences. The apartments include generously sized living areas and a 58-inch Smart TV, providing a consistent furnishing package across the student housing offering.

Located at 508 E Stoughton St in Champaign, the property is within walking distance of the University of Illinois, County Market, and the Engineering Quad. Its proximity to campus and nearby retail places the building in a setting suited to student-oriented residential use.

Key Highlights

  • 12‑unit, 24‑bed student housing property
  • Furnished 2 bed / 1 bath apartments
  • Within walking distance of the University of Illinois

Property Analytics

Current Use

Health Care For Addiction Medical Clinic

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

2,204
Businesses Nearby

Demographics for 61820, IL

40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
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 - Multifamily property offering furnished apartments near the University of Illinois, County Market, and the Engineering Quad.
Where is this apartment building located?
The property is located at 508 E Stoughton St Champaign, IL.
What are key features of this property?
This property features: 12‑unit, 24‑bed student housing property; Furnished 2 bed / 1 bath apartments; Within walking distance of the University of Illinois
More about this property
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