Updated 4 days ago on .
16 unit for sale
Looking for a serious multifamily buyer or JV partner for a 16-unit all-brick apartment complex just outside Champaign, IL.
Type: 16 units across 2 buildings (all brick, rubber roofs)
Unit Mix: 12 x 1BR | 4 x 2BR
Current Occupancy: 14/16 occupied (87.5%)
Current Gross Income: ~$8,000/mo ($96,000/yr)
Full Occupancy Potential: ~$9,200/mo ($110,400/yr)
Taxes: ~$6,000/yr
Condition: Owner updating units as they turn — no major deferred maintenance, no city violations, no open permits
Seller is 80 years old and motivated to simplify. Asking $695,000 — our group is working toward a number significantly below that.
If you or someone in your network buys multifamily in Central Illinois, drop a comment or send me a DM. Full numbers available on request.