1001 Francis Drive
$6,500,000
168
102
66
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—
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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.
- Listed by Yakov Dvora • Berkshire Hathaway HomeServices Chicago
Property Details for 1001 Francis Drive
Area
Champaign, Savoy
ZoningMULTI
LISTING UPDATED: 08/22/2024 02:30 PM
Property Details for 1001 Francis Drive
Status | Active |
---|---|
MLS # | 11834165 |
Days on Market | 517 |
Taxes | $115,345 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1970 |
Lot Size | 3.00 AC / 130,680 SF |
County | Champaign County |
Building Information for 1001 Francis Drive
Stories3Residences102Year Built1970Building Size-Lot Size3.00 AC / 130,680 SF
Property Information for 1001 Francis Drive
Property History for 1001 Francis Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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