1001 Francis Dr Champaign, IL 61821
- Commercial real estate
- 1.95 lot acres
Current Use by Public Records
- Garden Courts Apartments / Apartment Building
Property Details for 1001 Francis Dr
- Construction
- WOOD
- Lot size
- 1.95 lot acres
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2621
- Latitude
- 40.1305
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
