601 S 1st St
Champaign, IL 61820
Healey Place Apartments · Multifamily Property For Sale · 50 Units

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.