Student Housing N Illinois

Marcus & Millichap marketing 140-unit student-housing development in Champaign

Marcus & Millichap has been awarded the exclusive listing for 512 South Third Street, a 140-unit, 400-bedroom student housing asset located on the edge of the University of Illinois campus in Champaign, Illinois. The price is $31.75 million.

Scott Harris, Bryan Kunze and Nick Hillard with Marcus & Millichap are representing the seller.

Built in 2001, 512 South Third Street is within walking distance of the University of Illinois’ main campus. Each unit comes fully furnished with upgraded flooring, newer appliances, stackable washer and dryer, dishwasher, refrigerator, oven/range, and Jacuzzi tubs.

All units have high-speed fiber internet access and are cable ready. There are three private courtyards and ample underground parking featuring 256 premium spaces now being offered at $570 per year.