Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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