1110 2nd St Champaign, IL 61820-6624
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.
-
Kappa Delta Rho Volunteer Organization Community Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.