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1001 Francis Drive, Champaign, IL 61821
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$6,500,000
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Home Details for 1001 Francis Drive
Price
$6,500,000
Type
Commercial/Industrial
Year Build
1970
Sq. Ft.
60330
Lot Size
3
County
Champaign
Tax
$115,345
MLS®️ Listing#
11834165
On exitrealty.com
588 days
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.
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- Central Individual
Listing Courtesy: Berkshire Hathaway HomeServices Chicago - 847-492-9660
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Last Updated: 2025-02-24 12:00:44
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$6,500,000
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EXIT REAL ESTATE SPECIALISTS
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