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 |
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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 |
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Area | Champaign, Savoy |
City | Champaign |
County | Champaign |
State | IL |
Zip Code | 61821 |
Amenities
Parking Spaces | 145 |
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Is Waterfront | No |
Has Pool | No |
Interior
Cooling | Central Individual |
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Fireplace | No |
Has Basement | No |
Additional Information
Days on Market | 291 |
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Zoning | MULTI |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Berkshire Hathaway HomeServices Chicago |
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