Current Use by Public Records
- Dormitories
Property Details for 1105 Oregon St
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional redevelopment opportunity presents a portfolio of three multifamily buildings totaling 59 units, strategically located on the University of Illinois campus in Urbana, Illinois. The property boasts a remarkable 98% occupancy rate, generating substantial current income. Situated at 1105, 1107 W Oregon St, and 1108 W Nevada St, the buildings offer convenient north/south street access and captivating views of the Krannert Center for the Performing Arts. The Class B property is surrounded by complementary student housing, commercial spaces, and retail, ensuring high foot traffic from students, faculty, and visitors. This prime location within Champaign County (zip code 61801) presents a compelling investment for those seeking a high-yield redevelopment project near a major university. The asking price is $7,001,664, translating to approximately $118,672.27 per unit. This is a rare chance to acquire a well-performing asset with significant upside potential in a thriving university town. The property's current income stream, combined with its prime location and redevelopment potential, makes it an attractive opportunity for experienced investors.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2222
- Latitude
- 40.1068
