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601 S 1st St
Champaign, IL 61820
Healey Place Apartments · Multifamily Property For Sale
·
51 Units
PROPERTY FACTS
| No. Units | 51 | Building Size | 88,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Building Class | B | Parking Ratio | 1.01/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | CB1 | ||
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 88,400 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2016 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | CB1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
SITE AMENITIES
- Clubhouse
- Fitness Center
- Elevator
ABOUT 601 S 1ST ST , CHAMPAIGN, IL 61820
Healey Place offers a great opportunity with a mixed-use student-housing property on the campus of the University of Illinois in Champaign, IL. This six floor building has 51 fully furnished student housing apartments, a sports bar called The Hub, and a convenience store called the Piccadilly. Healey Place student-housing provides 18 studio units, 17 two-bedroom/ two- bathroom units, 4 two-bedroom/one-bathroom units, 8 three-bedroom/ three-bathroom units, and 4 four-bedroom/ four-bathroom units. The unit mix results in a highly desirable bedroom to bathroom ratio of 1.04:1. Each unit has LED lighting, hardwood style flooring, WiFi, a washer & dryer, queen beds, quartz countertops, two refrigerators (3-4 Bedroom Units), a 50" Smart TV in every bedroom, and a 55" Smart TV in the living room. In addition to fully furnished units, Healey Place offers tenants access to a fitness facility, a study/meeting room, a 33 car parking garage, and two attractive retail choices. Furthermore, the property is one block off Green Street, placing Champaign's best bars, restaurants, and nightlife within walking proximity. The University of Illinois Urbana-Champaign is one of the largest four-year universities in the country. Fall student enrollment for 2017 was 47,826. This flagship Big Ten University is expected to continue to grow in enrollment, and is differentiating itself in its great performance from the rest of Illinois' universities. Healey Place provides an investor the exciting opportunity to acquire a newly-constructed, mixed-use student-housing property at a premier Big Ten campus.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | $885.00 | 430 - 465 |
| 2+1 | 4 | $1,425 | 655 - 1,000 |
| 2+2 | 8 | $1,553 | 655 - 1,000 |
| 3+3 | 17 | $2,200 | 955 - 1,020 |
| 4+4 | 4 | $2,875 | 1,330 |
PROPERTY TAXES
| Parcel Number | 43-20-13-232-019 | Improvements Assessment | $1,806,930 |
| Land Assessment | $454,280 | Total Assessment | $2,261,210 |
PROPERTY TAXES
