1001 Francis Drive Champaign, IL $ 6,500,000
1001 Francis Drive
$ 6,500,000
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1001 Francis Drive

Champaign, IL, 61821
$ 6,500,000
Bedrooms3 Baths0.0 Sq 60,330

Monthly Estimate*

$ 43,201

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Multi-Family Home for sale in Champaign, IL

for $6,500,000 with 3 bedrooms. This 60,330 square foot home was built in 1970 on a lot size of 3.

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.

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Multi-Family Active

Price

$ 6,500,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 115,345

Style

Lot Size

3

Year Built

1970

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

11834165

Features
General
Cooling Central Individual
Zoning MULTI
Year Built 1970
Tenant Pays Air Conditioning Electricity Heat
Stories 3
Tax Year 2022
Gross Income 834000
County Champaign
Net Operating Income 414880
Operating Expense 419120
Insurance Expense 30000
Property Type Commercial Sale Multi Family 5+
Status Active
Directions HWY 74 exit Prospect Ave and turn right onto Francis Dr.
City Champaign
NumberOfUnitsTotal 102
MLS Area Champaign Savoy
Street Name Francis
Tax Annual Amount 115345
Electric Expense 13871
Fuel Expense 13271
Trash Expense 11455
Water Sewer Expense 40490
Additional Parcels Y/N Y
Virtual Tour https://tours.databasedads.com/4502501/1001-Francis-Drive-Champaign-IL?u=1
Days on Market 23
Standard Status Active
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Exterior
Building Area Total 60330
Lot Dimensions 3
Lot Size Acres 3
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Interior
Street Suffix Drive
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

kdvora@bhhschicago.com

Email

Affordability Calculator

$52,813
Per Month
82%
18%
0%
Monthly Principal & Interest
$43,201
Monthly Property Taxes
$9,612
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2023$6,500,000 Listed Price

Map


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1001 Francis Drive, Champaign, IL, 61821 is a Multi-Family Home for sale at $6,500,000 with 60,330 sqft and a lot size of 3. 1001 Francis Drive has 3 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 61821 which is in Champaign, IL