$6,500,000
1001 Francis Drive Champaign, IL 61821
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$6,500,000
Est. payment /mo
60,330 SqFt
UPDATED:
08/22/2024 07:30 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 60,330 sqft
Price per Sqft $107
MLS Listing ID 11834165
Year Built 1970
Annual Tax Amount $115,345
Tax Year 2022
Lot Size 3.000 Acres
Lot Dimensions 3
Property Description
Presenting Garden Court, an exceptional 102-unit multi-family property strategically located just 4 miles from the University of Illinois in Champaign-Urbana. The property, nestled with trees and foliage, offers a mix of 66 spacious two-bedroom, 1.1 bath units and 36 one-bedroom, one bath units. Approximately 50% of the residents are graduate students from the nearby university, giving the property a stable and robust tenant base, indicative of a reliable and consistent rental market. This well-maintained property guarantees easy commuting with swift access to Interstates 74 and 57. It further enhances resident convenience with 145 dedicated parking spaces. Proximity to a variety of shopping outlets and restaurants creates an ideal balance of urban convenience and suburban tranquility, adding significantly to Garden Court's appeal. In summary, Garden Court presents a unique blend of strategic location, diverse accommodations, and a stable tenant base, making it a rare and lucrative investment opportunity. Its closeness to the University of Illinois, ease of transportation, abundant parking, and the array of nearby amenities all contribute to its charm, creating an inviting and sustainable living environment that ensures a solid ROI for potential buyers.
Location
State IL
County Champaign
Zoning MULTI
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
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Listed by Yakov Dvora • Berkshire Hathaway HomeServices Chicago
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