412 Church St, Champaign, IL 61820
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.