Multifamily Investment Near Crystal Lake Park

The vibrant city of Urbana, IL, is a hub for multifamily investment opportunities. Boasting a dynamic mix of residential and commercial developments, the area provides a diverse range of housing options and amenities for residents. Downtown Urbana offers an eclectic array of dining options, boutique shops, and cultural attractions, making it an ideal living environment for multifamily residents. With its prime location and proximity to the University of Illinois at Urbana-Champaign, the area surrounding the property is an attractive location for multifamily investment, offering a mix of residential and commercial opportunities to cater to the diverse needs of the community.111-121 W Park St is a multifamily investment opportunity that offers 21 units within 2 buildings. The breakdown includes (11) 2 bedroom units (1) 1 bedroom unit and (9) studios. The property is currently fully leased for the 2024-25 lease term and only has one vacant studio apartment for the upcoming 2025-26 lease term. This property boasts a strong rental history and has been meticulously managed long-term. The strong rental history combined with value add opportunity make this a great property to add to an investor's portfolio. This property also boasts a prime location being across the street from Crystal Lake Park that has had major improvements in recent years, a growing retail hub just to the east at Five-Points and surrounding areas, and great proximity to Carle Foundation Hospital and the University of Illinois Campus.