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1305 4th St
Charleston, IL 61920
Brooklyn Heights Apartments · Multifamily Property For Sale
·
34 Units
Investment Highlights
- Three Neighboring Student Housing Communities Pedestrian to EIU
- Fully Furnished Units with Amenities at All Properties
- The Millennium Recently Underwent $4M+ Renovation
- 3 Properties with 116 Units and 248 Beds Combined
- Offered Well Below Replacement Cost
- One of the Best Locations in the Market Near Popular Bars, Shopping, and Campus
Executive Summary
This offering represents the opportunity to acquire three neighboring student housing communities in Charleston, Illinois, pedestrian to Eastern Illinois University.
Brooklyn Heights is a 34-unit, 56-bed community with a mix of one- and two-bed units with bed-bath parity built in 2010.
Melrose on 4th is a 32-unit, 64-bed community with two-bed units with bed-bath parity built in 2008.
Millennium is a 50-unit, 128-bed community with a mix of one-, two-, and three-bed units built in 2002 and fully renovated in 2023.
Brooklyn Heights is a 34-unit, 56-bed community with a mix of one- and two-bed units with bed-bath parity built in 2010.
Melrose on 4th is a 32-unit, 64-bed community with two-bed units with bed-bath parity built in 2008.
Millennium is a 50-unit, 128-bed community with a mix of one-, two-, and three-bed units built in 2002 and fully renovated in 2023.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 34 | Lot Size | 3.55 AC |
| Property Type | Multifamily | Building Size | 51,294 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2010 |
| Zoning | R-3 | ||
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.55 AC |
| Building Size | 51,294 SF |
| No. Stories | 3 |
| Year Built | 2010 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Granite Countertops
- Carpet
- Island Kitchen
- Patio
- Large Bedrooms
Site Amenities
- Clubhouse
- Fitness Center
- Furnished Units Available
- Gameroom
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 - 750 |
| 2+1 | 2 | - | 950 |
| 2+2 | 20 | - | 1,000 - 1,100 |
Property Taxes
| Parcel Number | 02-1-04303-001 | Improvements Assessment | $1,339,864 |
| Land Assessment | $33,688 | Total Assessment | $1,373,552 |
Property Taxes
Parcel Number
02-1-04303-001
Land Assessment
$33,688
Improvements Assessment
$1,339,864
Total Assessment
$1,373,552
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