1001 Francis Drive, Champaign, IL 61821

  • $6,500,000
  • $6,500,000
1001 Francis Drive, Champaign, IL 61821
  • Commercial Sale
  • Property Type
  • 1970
  • Year Built
For Sale
1001 Francis Drive, Champaign, IL 61821
  • $6,500,000
  • $6,500,000

Overview

Property ID: 5699880
  • Commercial Sale
  • Property Type
  • 1970
  • Year Built

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.

  • Address 1001 Francis Drive
  • City Champaign
  • State/county IL
  • Zip/Postal Code 61821
  • Country United States

Details

Updated on August 28, 2024 at 11:55 pm
  • Property ID: 5699880
  • Price: $6,500,000
  • Land Area: 3 Acres
  • Year Built: 1970
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 60330
  • MLS#: MRD11834165
  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO
  • Agent Name: Yakov Dvora
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD4110
  • List Agent MLSID: MRD43400
  • List Date: 2023-07-17T18:02:24.000Z
  • Cooling: Central Individual
  • Tax Annual: 115345
  • Tax Year: 2022
  • County: Champaign

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