1001 Francis Drive, Champaign, IL
$ 6,500,000
Property Attributes
  • MLS#11834165
  • TypeMulti-Family
  • CityChampaign
  • AreaChampaign - Savoy
  • NeighborhoodWilbur Heights
  • Zip61821
  • Style
  • Year Built1970
  • Taxes$ 115345
  • Price$ 6,500,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage60330
  • Lot Size3 Acres
Data Source:
Midwest Real Estate Data (MRED)
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.

Price History
7/17/2023 Listed $6,500,000

General Features

Additional Parcels Y/N Yes
City Champaign
Cooling Central Individual
County Champaign
Days on Market 18
Directions HWY 74 exit Prospect Ave and turn right onto Francis Dr.
Electric Expense 13871
Fuel Expense 13271
Gross Income 834000
Insurance Expense 30000
MLS Area Champaign, Savoy
Net Operating Income 414880
Operating Expense 419120
Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active
Status Active
Stories 3
Street Name Francis
Tax Annual Amount 115345
Tax Year 2022
Tenant Pays Air Conditioning, Electricity, Heat
Total Units 102
Trash Expense 11455
Virtual Tour
Water Sewer Expense 40490
Year Built 1970
Zoning MULTI

Interior Features

Street Suffix Drive

Exterior Features

Building Area Total 60330
Lot Dimensions 3
Lot Size Acres 3
Total Parking 145


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 61821

AVG $6.5M
AVG $115,345
AVG 474
Data Provided by Inside Real Estate®
Year Built
AVG 1970
AVG 72
Data Provided by Walkscore® not using MLS data