412 Church St Champaign, IL 61820
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 412 Church St
- Property type
- Small apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2499
- Latitude
- 40.1185
