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The Park at Constitution Trail Centre 120 McKnight St. 85 Unit Apartment Building For Sale Normal, IL 61761
Investment Highlights
- Fully leased for the 2026-2027 academic year.
- Includes resort-style pool, courtyards, fire pits, and walking trails.
- Located near Illinois State University and Heartland Community College.
- Unit interiors feature furnished living rooms and in-unit laundry.
Executive Summary
The Park at Constitution Trail Centre presents the opportunity to acquire a newly constructed, student housing community located in Normal, Illinois, one of the Midwest’s strongest university markets. Across its 13 apartment and townhome buildings, this site contains 85 units and can accommodate 280 beds. Community amenities include a resort-style pool, landscaped courtyard, outdoor lounge pavilions, fire pits and walking trails.
Fully leased for the 2026-27 academic year, this community provides an investor with immediate in-place income and eliminates near-term lease-up risk. With stabilized occupancy, modern improvements, positive net operating income and limited capital expenditure requirements, the Park at Constitution Trail Centre offers a compelling opportunity to acquire a high-performing, institutional-quality student housing asset with established operating momentum.
Qualified bids are due to Hilco Global by October 6. On-site inspections will be held on September 16, 23 & 30, by appointment only.
Subject to U.S. Bankruptcy Court for the Northern District of Illinois (Eastern Division) Case No. 1:25-bk-19477 | In re: 100 McKnight LLC. Hilco Global in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Fully leased for the 2026-27 academic year, this community provides an investor with immediate in-place income and eliminates near-term lease-up risk. With stabilized occupancy, modern improvements, positive net operating income and limited capital expenditure requirements, the Park at Constitution Trail Centre offers a compelling opportunity to acquire a high-performing, institutional-quality student housing asset with established operating momentum.
Qualified bids are due to Hilco Global by October 6. On-site inspections will be held on September 16, 23 & 30, by appointment only.
Subject to U.S. Bankruptcy Court for the Northern District of Illinois (Eastern Division) Case No. 1:25-bk-19477 | In re: 100 McKnight LLC. Hilco Global in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Property Facts
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
- Deck
- Patio
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,455 | 605 |
| 2+2 | 10 | $1,900 | 850 |
| 3+3 | 10 | $2,550 | 1,065 |
| 4+4 | 55 | $3,120 | 1,433 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-16-404-005 | Improvements Assessment | $2,865,589 |
| Land Assessment | $145,517 | Total Assessment | $3,011,106 |
Property Taxes
Parcel Number
14-16-404-005
Land Assessment
$145,517
Improvements Assessment
$2,865,589
Total Assessment
$3,011,106
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