1013 W Church St - Apartments FOR SALE


Champaign, IL 61821
$214,900 USD
217-417-7410
1013 W Church St, Champaign, IL for Sale
$214,900 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1013 W Church St
Champaign, IL 61821


HIGHLIGHTS

  • Located near the University of Illinois and downtown Champaign
  • Positioned within an established residential neighborhood
  • Utilities are separated through multiple meters
  • Six-unit multifamily property with varied unit configurations

OVERVIEW

1013 W Church Street presents an opportunity to acquire a six-unit multifamily asset in central Champaign, Illinois. The property benefits from a location between the University of Illinois campus, downtown Champaign, and the Prospect Avenue commercial corridor, placing residents near major employment, education, dining, retail, and entertainment destinations. This central setting supports ongoing rental demand from students, faculty, professionals, and local residents seeking convenient access to the city's primary activity centers. The building contains a mix of two one-bedroom units and four efficiency studio units, with each unit featuring a kitchen and full bathroom. Utilities are separated into multiple meters, providing operational flexibility for ownership. Additional improvements include an unfinished basement that can be utilized for storage and a detached two-car garage. The property's established residential use and unit mix create an opportunity for investors seeking an income-producing asset within a mature urban neighborhood. Champaign serves as the home of the University of Illinois Urbana-Champaign, one of the region's largest economic drivers, supporting a diverse employment base that includes education, healthcare, research, technology, and professional services. The property's proximity to campus, downtown amenities, and major transportation corridors enhances accessibility for tenants while positioning the asset within a well-established residential market. The combination of multiple residential units, central location, and proximity to key demand generators offers investors an opportunity to acquire a multifamily property within one of Champaign's most active rental markets.

FOR SALE DETAILS

PRICE

$214,900 USD

PRICE/SF

$86 USD /SF

# OF UNITS

6

PRICE/UNIT

$35,817

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,660 SF

ZONING

MF2

APN/PARCEL ID

42-20-11-430-003

ASK ABOUT THIS PROPERTY

Mark PannoKeller Williams Realty The Real Estate CenterMore Info
217-417-7410

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Mark PannoKeller Williams Realty The Real Estate CenterMore Info
217-417-7410

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.