1001 Francis Dr Champaign, IL 61821

Exceptional investment opportunity: Garden Court, a 102-unit apartment complex in Champaign, IL, presents a compelling value-add proposition. This well-maintained Class C multifamily property boasts 60,330 square feet of net rentable space, situated on a 3-acre lot. Built in 1970, the two-story building features a mix of 66 spacious two-bedroom, 1.1-bathroom units and 36 one-bedroom, one-bathroom units, commanding a price per unit of $63,725.49. Approximately 50% of the residents are graduate students from the nearby University of Illinois, ensuring a stable tenant base and consistent rental income. The property enjoys a prime location just four miles from the university, providing easy access to Interstates 74 and 57. Residents benefit from 145 dedicated parking spaces and proximity to shopping and dining options. With a 6.38% cap rate and a net operating income (NOI) of $414,901, this property offers a strong return on investment. The asking price is $6,500,000. This combination of strategic location, diverse unit types, stable occupancy, and convenient amenities makes Garden Court an attractive investment opportunity in a thriving market. The property's proximity to the University of Illinois, coupled with its ample parking and convenient access to major roadways, contributes to its enduring appeal and potential for future growth. This is a rare chance to acquire a well-positioned multifamily asset with significant upside potential.