105 Armory Ave Champaign, IL 61820-6614
Property profile & analytics
105 Armory Ave Champaign, IL 61820-6614
- Residential income homes
Property ID
US28-5893750
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 105 Armory Ave
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 462118301004
- APU
- 462118301004
Description
Exceptional opportunity to acquire a 13,378 square foot development site located at 105 E Armory Ave, Champaign, IL 61820. This rectangular parcel (approximately 138' x 96') is ideally situated on the University of Illinois at Urbana-Champaign campus, just 0.55 miles southwest of the Main Quad, 0.35 miles north of Memorial Stadium, and four blocks south of Green Street. The property benefits from a highly favorable MFUniv zoning designation, permitting building heights up to 75 feet with minimal setbacks (10' front, 5' side/rear). Parking requirements are minimal for multifamily buildings (one space per four residents for fraternity/sorority uses), and there are no requirements for open space reserves or floor-to-area ratio. This presents a unique opportunity for student housing developers or fraternity/sorority organizations. Furthermore, this location is within a Qualified Opportunity Zone (QOZ), offering potential tax advantages under the 2017 Tax Cuts and Jobs Act. The University of Illinois boasts a student population of 56,403, ensuring high demand for student housing in this vibrant area. The corner lot location at the southwest corner of Armory Avenue and Second Street provides excellent visibility and accessibility. This is a rare development opportunity in a highly sought-after location. The APN is 46-21-18-301-004. The asking price is $2,000,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,140,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2379
- Latitude
- 40.1051
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$21,134
$234,360
$0.00
$234,360
-
$703,080
$0.00
$703,080
