636-484-6473
1801 W John St, Champaign, IL for Sale
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

1801 W John St
Champaign, IL 61821


HIGHLIGHTS

  • THREE-BEDROOM FLOOR PLANS WITH FULL BASEMENT
  • STRONG DAY ONE YIELD
  • PROVEN RENTAL PREMIUMS
  • CONVENIENT LOCATION MINUTES FROM ALL OF CHAMPAIGN’S MAJOR DEMAND DRIVERS
  • COMMUNITY AMENITIES

OVERVIEW

Westbury Townhomes is a 45-unit, all-townhome community featuring spacious three-bedroom, 1.5-bath layouts. Originally built in 1965, the property maintains 100% occupancy as of September 2025. With some of the largest floor plans in the market, a strong going-in cap rate, Westbury Townhomes offers stability and proven rent growth potential. THREE-BEDROOM FLOOR PLANS WITH FULL BASEMENT The all-townhome community features spacious three-bedroom, 1.5-bath layouts among the largest in the market. Each residence includes a full unfinished basement and in-unit washer and dryer for added convenience. STRONG DAY ONE YIELD Given the historical high occupancy, Westbury Townhomes offers new ownership strong day one yield. Coupled with a tax and expense adjusted cap rate over 7.5% and today’s aggressive permanent debt options, new ownership will achieve outsized day one cash yield. PROVEN RENTAL PREMIUMS Westbury Townhomes offers a proven value-add opportunity with clear, demonstrated upside. Current ownership has proven $175 increase on 20 year old renovations, current comps support renovating the entirety of Westbury Townhomes to achieve rents inline with market and a $262 / unit / mo increase above the average in place rents, allowing new ownership to further push returns. CONVENIENT LOCATION MINUTES FROM ALL OF CHAMPAIGN’S MAJOR DEMAND DRIVERS Westbury Townhomes is located with convenient access to Champaign and Central Illinois employers. It sits less than three miles from the University of Illinois at Urbana-Champaign. The university is ranked No. 12 among public universities in the U.S. by the U.S. News & World Report for 2025-2026. In the fall of 2025, the University of Illinois enrolled a record 60,000 students. COMMUNITY AMENITIES Residents benefit from 24-hour emergency maintenance, convenient on-site parking, and a pet-friendly environment.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

45

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westbury Townhomes

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

44-20-15-279-022

ASK ABOUT THIS PROPERTY

Mitchell SchieberNewmarkMore Info
636-484-6473

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Mitchell SchieberNewmarkMore Info
636-484-6473

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