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Property profile & analytics
OFF-MARKET
Residential income homes

1110 2nd St Champaign, IL 61820-6624

Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US28-2504454
Property summary
AI-generated overview

This exceptional 10,000-square-foot fraternity/sorority house, situated in Champaign County on a prominent location near the University of Illinois at Urbana-Champaign campus, presents a unique leasing opportunity. Built in 1928 and boasting a captivating French Eclectic design with stucco and limestone exterior, stair tower, casement windows, and a hip roof with flared eaves, this historic property underwent a significant remodel in 2009. The three-story building includes 20 individual bedrooms with a capacity for 36 residents, distributed across the second and third floors, each with large restrooms. The basement offers extensive common areas, encompassing a large kitchen and dining/chapter room, laundry facilities, a study lounge, and an exercise room. The first floor provides ample space for socializing and studying, featuring two large living rooms, a library, a study room, a recreation room, and a restroom. The property includes elevator access to all floors and three staircases for convenient access. The building is fully heated and cooled and equipped with a sprinkler system. Parking is available for 17 vehicles. The property is conveniently located within walking distance of academic buildings, Memorial Stadium, and the Armory, surrounded by other fraternity and sorority houses. The property will be provided partially furnished, with a complete list of furniture, fixtures, and equipment available upon request. The property is zoned MFUniv-Multifamily University Neighborhood, and its APN is 46-21-18-302-005. This is an ideal location for a thriving fraternity or sorority seeking a well-maintained and historically significant property near the heart of campus life.

Property profile
Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
APN 462118302005
UPID US28-2504454
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kappa Delta Rho Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Smith Apartments LLC
Smith Apartments LLC
since 2025
7 recorded transactions
2025
$2.3M
2021
Price N/A
2018
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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