1801 W John St - Westbury Townhomes 45 Unit Apartment Building Offered For Sale Champaign, IL 61821

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.