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- Price$6,500,000
- Acres3.00
- Built1970
1001 Francis Drive, Champaign
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.
Essential Information
- MLS® #11834165
- Price$6,500,000
- Bathrooms0.00
- Acres3.00
- Year Built1970
- TypeCommercial Sale
- Sub-TypeMulti Family 5+
- StatusActive
- Taxes$115,345
Amenities
- Parking Spaces145
Additional Information
- Days on Market293
- ZoningMULTI
Community Information
- Address1001 Francis Drive
- AreaChampaign, Savoy
- CityChampaign
- CountyChampaign
- StateIL
- Zip Code61821
Interior
- CoolingCentral Individual
Listing Details
- Listing OfficeBerkshire Hathaway Homeservices Chicago
Price Change History for 1001 Francis Drive, Champaign, IL (MLS® #11834165)
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Gold Coast Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on May 4th, 2024 at 3:38pm CDT.