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112 W Hill St
Champaign, IL 61820 Downtown Champaign

$2,875,000 USD

Apartments For Sale • 6,556 SF

Property Details

Property Type Apartments
Total Building Size 6,556 SF
Lot Size 0.23 AC
Building Class B
Year Built 1897
Cap Rate 7.30 %
Zoning CB2

58 Transit Score

94 Walk Score

                
                    Highlights
                
                                Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck
                            
                                There are currently 6 unique luxury 2-bedroom residential apartments ranging from 980 to 1400 sqft which are 100% leased.
                            
                                The first 2 floors are currently owner/occupied. This building has endless opportunities including a potential event center space with ample parking.

Financial Summary (Proforma)

Net Operating Income: $208,516 USD (2025)

Cap Rate:	7.30 %
Total Expenses:	$68,600 USD

Amenities

24 Hour Access
Air Conditioning
Tenant Controlled HVAC
Washer/Dryer
Heating
Vintage Building
Kitchen
Hardwood Floors
Oven
Tub/Shower
Storage Space
Elevator
Multi Use Room
Online Services
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Champaign-Urbana (City of New Orleans - Amtrak, Illini - Amtrak, Saluki - Amtrak)	1 min	7 min	0.4 mi
Airport	Drive	Walk	Distance
University of Illinois/Willard	23 min	-	12.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Jeremy Brandow 217-378-7434 Coldwell Banker Real Estate Group

112 W Hill St Champaign, IL 61820 Downtown Champaign