3306 Boulder Ridge Drive, Champaign, IL
$ 5,000,000
Property Attributes
  • MLS#11845185
  • TypeMulti-Family
  • CityChampaign
  • AreaChampaign - Savoy
  • NeighborhoodKenwood
  • Zip61822
  • StyleMulti-Family
  • Year Built2021
  • Taxes$ 103822
  • Price$ 5,000,000
  • Bedrooms42
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Outstanding opportunity to own 22 one to three year old townhomes all in a single subdivision. huge Value add opportunity with future rent increases. Tenants pay for all utilities. Owners simply pay their insurance and HOA fees of $125/unit/year. Currently over $463000/annual income. With future projections to be at $554,400/annual income. Solar Panels have been installed on every home with EV Hookups in every garage. The Electric bills are next to nothing, saving your tenants money making them easier to rent. All maintenance free, easy to own town homes. The numbers work on this one. Some back up to fields, others back up to water. There is a community common areas less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Full list of financials, leases, rent rolls on file.

Price History
8/2/2023 Listed $5,000,000

General Features

Additional Parcels Y/N Yes
City Champaign
Construction Materials Wood Frame
Cooling Central Air, Heat Pump
County Champaign
Current Use Multi-Family
Days on Market 8
Directions From Staley Rd, East on Boulder Ridge Dr.
Energy Efficient Photovoltaic/Solar System
Gross Income 477600
Insurance Expense 7700
MLS Area Champaign, Savoy
Net Operating Income 371028
Operating Expense 106572
Possession Negotiable
Possible Use Multi-Family, Single Family
Property Type Multi Family 5+
Property Type Commercial Sale
Roof Composition
Standard Status Active
Status Active
Stories 2
Street Name Boulder Ridge
Tax Annual Amount 103822
Tax Year 2022
Tenant Pays Air Conditioning, Electricity, Heat, Scavenger, Sewer, Water, Hot Water
Total Units 22
Township Champaign
Utilities Sanitary Sewer, Water-Municipal
Virtual Tour
Year Built 2021
Zoning MULTI

Interior Features

Basement None
Street Suffix Drive

Exterior Features

Exterior Vinyl Siding
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 27.22X110X46.93X110
Total Parking 2


  • 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 61822

AVG $3.01M
AVG $62,045
AVG 785
Data Provided by Inside Real Estate®
Year Built
AVG 1997