21-Unit Apartment
For Sale
Contact for pricing
508 S Mattis Ave, Champaign, IL 61821
Off-campus residential complex with covered parking, courtyard, and on-site laundry.
Property SizeContact for details
Days on Market144
Property Features for 508 S Mattis Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
7 x 1BR, 11 x 2BR, 3 x 3BR
Multifamily Units
21
Additional Details
Cap Rate
6.5%
Amenities
covered parking
beautiful courtyard
on-site laundry
Listing Agency:
Keller Williams Realty - Champaign
Listed By:
Dan Cothern · License #IL 475.124751
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 12:51PM
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 Keller Williams Realty - Champaign
Investment Insights
Based on property information with market context.
This 21-unit apartment property includes seven one-bedroom residences measuring 784 square feet, eleven two-bedroom units at 840 square feet, and three three-bedroom apartments with 1,100 square feet. The buildings have been painted, and most apartments received remodeling or upgrades within the past 4 to 5 years. Property amenities include covered parking, a courtyard, and on-site laundry.
Located at 508 S Mattis Ave in Champaign, Illinois, the complex is positioned off campus. Reported occupancy is 100%, providing a fully leased apartment property with a broad unit mix ranging from one- to three-bedroom layouts.
Located at 508 S Mattis Ave in Champaign, Illinois, the complex is positioned off campus. Reported occupancy is 100%, providing a fully leased apartment property with a broad unit mix ranging from one- to three-bedroom layouts.
Key Highlights
- 21 apartments with seven one‑bedroom, eleven two‑bedroom, and three three‑bedroom units
- Unit sizes range from 784 to 1,100 square feet
- 100% rented occupancy reported
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
825
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 - Off-campus residential complex with covered parking, courtyard, and on-site laundry.
Where is this apartment building located?
The property is located at 508 S Mattis Ave Champaign, IL.
What are key features of this property?
This property features: 21 apartments with seven one‑bedroom, eleven two‑bedroom, and three three‑bedroom units; Unit sizes range from 784 to 1,100 square feet; 100% rented occupancy reported
