1001 Francis Drive

Champaign, IL 61821

$6,500,000
Price
168
Beds
102
Baths
66
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Yakov Dvora • Berkshire Hathaway HomeServices Chicago

Property Details for 1001 Francis Drive

Area
Champaign, Savoy
Zoning
MULTI
LISTING UPDATED: 08/22/2024 02:30 PM

Property Details for 1001 Francis Drive

StatusActive
MLS #11834165
Days on Market517
Taxes$115,345 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1970
Lot Size3.00 AC / 130,680 SF
CountyChampaign County

Building Information for 1001 Francis Drive

Stories3Residences102Year Built1970Building Size-Lot Size3.00 AC / 130,680 SF

Property Information for 1001 Francis Drive

General Information
Addtl Parking Information
  • Outdoor Parking: Over 100 Spaces
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • Num of Baths: 102.66
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 3
  • Stories: 3
  • Building Area Total: 60330
  • Lot Size Source: County Records
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-07-17T14:46:00
  • Photos Count: 13
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 07-17-2024
Multi Family
Multi-Family Information
  • Number Of Units Total: 102
Income & Expenses
  • Electric Expense: $13,871.00
  • Fuel Expense: $13,271.00
  • Gross Income: $834,000.00
  • Gross Scheduled Income: $834,000.00
  • Insurance Expense: $30,000.00
  • Maintenance Expense: $.00
  • Expense Year: 2022
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 69500
  • Water Expense Source: Actual
  • Net Operating Income: $414,880.00
  • Operating Expense: $419,120.00
  • Other Expense: $.00
  • Trash Expense: $11,455.00
  • Water Sewer Expense: $40,490.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 36
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 66
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1001 Francis Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1001 Francis Drive

Taxable ValueLand$26,930Additions$1,286,600Total$1,313,530
Tax Record2023$118,453 ($9,871 / month)
Home Facts
Lot Size84,942 SqFtStyleMiscellaneous CommercialCountyCHAMPAIGNAPN412002476001

Schools near 1001 Francis Drive

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Garden Hills Elementary School
PublicK to 5

Franklin Middle School
Public6 to 8

Central High School
Public9 to 12

Dr Howard Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1001 Francis Drive is a multi-family home for sale in Champaign, IL 61821. This property was listed for sale on July 17, 2023 by Berkshire Hathaway HomeServices Chicago, it's currently listed at $6,500,000. It has been on the market for a total of 517 days and was last sold on July 29, 2019. This listing's school district is Champaign Community Unit School District 4. Nearby schools include Garden Hills Elementary School, Franklin Middle School and Central High School. 1001 Francis Drive is a 168-bed, 135-bath, multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Chicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 08/22/2024 02:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.