1001 Francis Drive, Champaign, IL

$6,500,000

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3.00

Acres

About 1001 Francis Drive

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.

Features of 1001 Francis Drive

MLS® # 11834165
Price $6,500,000
Bathrooms 0.00
Acres 3.00
Year Built 1970
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1001 Francis Drive
Area Champaign, Savoy
City Champaign
County Champaign
State IL
Zip Code 61821

Amenities

Parking Spaces 145
Is Waterfront No
Has Pool No

Interior

Cooling Central Individual
Fireplace No
Has Basement No

Additional Information

Days on Market 291
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway HomeServices Chicago

Listing Map

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