1001 Francis DrChampaign, IL 61821

Property Details for 1001 Francis Dr

Construction

WOOD

Lot size

1.95 AC

Property type

Other commercial real estate

APN

412002476001

APU

412002476001

Description

Garden Court, a 60,330 square foot multifamily property in Champaign, IL, presents a compelling investment opportunity. This well-maintained complex boasts 102 units, comprised of 66 spacious two-bedroom, 1.1-bathroom apartments and 36 one-bedroom, one-bathroom apartments, situated on a 3-acre lot. Its prime location, just four miles from the University of Illinois, ensures a consistent and stable tenant base, with approximately half of the residents being graduate students. This translates to a reliable rental income stream and a strong return on investment. The property features 145 dedicated parking spaces, addressing a key need for residents. Convenient access to Interstates 74 and 57 provides easy commuting for residents, while the proximity to numerous shopping centers and restaurants enhances the property's appeal and livability. The lush landscaping and tranquil setting offer a welcome contrast to the urban conveniences nearby. This combination of strategic location, diverse unit mix, ample parking, and a strong tenant base makes Garden Court a truly exceptional investment opportunity, offering a blend of suburban tranquility and urban accessibility. The asking price is $6,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $31,245,640

  Hospitality

  $28,620,838

  Educational

  $23,812,202

  Medical

  $24,631,140

  Retail

  $37,041,200

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.1305

Longitude

-88.2621

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.