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1001-1021 Francis Dr

Champaign, IL 61821

$5,100,000

Apartments For Sale  •  88,171 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 88,171 Sq Ft
  • Lot Size 3 ac
  • Building Class C
  • Cap Rate 7.00 %
39 Transit Score
61 Walk Score

Description

A diamond in the rough.  Beautiful, upgraded apartments in a fenced in gated area.  Six foot fencing 
and in addition, a door bell system for each apartment.  An abundant amount of parking.  100% full 
for several years with 64% being grad students.  This year renewals hit 70% .   Just a few blocks off of 
I-74 and near all the Prospect Street restaurants and shops.  Live in maintenance man gets one apartment, 
so 101 available for rent.  This is a 7 GRM....waiting on financials to determine CAP.

Highlights

Competitive pricing....

Financial Summary

Cap Rate: 7.00 %

Amenities

  • Air Conditioning
  • Courtyard
  • Dishwasher
  • Laundry Facilities
  • Property Manager on Site
  • Gated
  • Heating
  • Pet Play Area
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Walk-In Closets
  • Carpet

Public Transportation

AirportDriveWalkDistance
University Of Illinois-Willard Airport 14 min - 10.1 mi

Parking Details

Parking Available: No
Reserved: No
Type: AttachedGarage
Included in Rent: Yes
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