Champaign, IL 61821,1001 Francis DR
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Champaign, IL 61821,1001 Francis DR
Champaign, IL 61821,1001 Francis DR
Champaign, IL 61821,1001 Francis DR
Champaign, IL 61821,1001 Francis DR

$5,840,000

Est. payment /mo

$6,500,000

10.2%
Est.Price: ?

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1001 Francis DR Champaign, IL 61821

60,330 SqFt

SOLD DATE : 05/22/2025

Key Details

Sold Price $5,840,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 60,330 sqft

Price per Sqft $96

MLS Listing ID 11834165

Sold Date 05/22/25

Year Built 1970

Annual Tax Amount $115,345

Tax Year 2022

Lot Size 3.000 Acres

Lot Dimensions 3

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Champaign

Area Champaign, Savoy

Zoning MULTI

Interior

Cooling Central Individual

Fireplace N

Building

Level or Stories 3

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Midwest Real Estate Data (MRED) IDX
Listed by Yakov Dvora • Berkshire Hathaway HomeServices Chicago
Bought with Non Member • NON MEMBER
agent

Dori Esparza

Agent | License ID: 475.213992

+1(872) 335-3885

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