Property profile

412 Church St Champaign, IL 61820

OFF-MARKET
Small apartment buildings
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Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of four multifamily properties totaling eighteen units, strategically located in the heart of Champaign, Illinois. The properties, situated at 412 W Church St, 311 W Columbia Ave, 312 W Columbia Ave, and 508 W Columbia Ave, all share the 61820 zip code and benefit from proximity to the vibrant downtown area. Currently boasting 100% occupancy for the 2023-2024 lease year, the portfolio demonstrates a strong rental history. While the 2024-2025 lease year shows 83% occupancy, active leasing efforts are underway to secure tenants for the remaining units. The asking price for this well-maintained portfolio is $1,180,000, translating to an attractive price per unit of $65,555.56. Significant renovations have been completed on several properties within the past two to seven years, ensuring the long-term value and appeal of this investment. This portfolio offers a compelling opportunity for investors seeking a stable, high-performing multifamily asset in a desirable location. The properties are meticulously maintained and benefit from their central Champaign location. This is a turnkey investment ready for immediate income generation. The portfolio's strong performance and prime location make it an ideal addition to any real estate portfolio.

Property profile

Verified
Property type Small apartment buildings

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

412 Church St Champaign, IL 61820
Champaign metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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