Champaign Park Apartments | Value-Add Multifamily

Highlights:

• Clear path to add value — top of the competitive set renovated units with original cabinets, higher-end laminate countertops, and hardwood-style floors to achieve average rents of $1,399/unit
• 93.6% average occupancy in Champaign — very stable market with increasing demand and projected ~4% annual rent growth over the next 4 years (CoStar)
• Excellent long-term outlook — net migration, income growth, and a great employment base anchored by UIUC (60,848 students, fall 2025 record) and 73,000+ employees within 5 miles
• Close to major employers — University of Illinois Urbana-Champaign, University of Illinois Research Park, Carle Foundation Hospital, Kraft Heinz, and large Fortune 500 companies all within 4 miles
• Upgrading amenity areas will boost appeal to a higher-income demographic — potential dog park and reserved covered parking additions complement existing pool, basketball court, playground, and community center

Description:

Ri Marketplace Online Auction May 18th-20th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3134/multifamily/champaign/il?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_3134


Colliers and RI Marketplace are pleased to present Champaign Park Apartments, a 504-unit garden-style multifamily community located at 2106 White St W in Champaign, Illinois. Built in 1964, the property features a unit mix of 275 one-bedroom units averaging 750 SF and 229 two-bedroom units averaging 900 SF, for a total average unit size of 820 SF. All 504 units are entirely unrenovated, featuring carpet floors, laminate countertops, oak cabinets, and black appliances, presenting an immediate value-add opportunity for new ownership on day one.

Situated less than 10 minutes from the University of Illinois Urbana-Champaign and 1.6 miles from Kraft Heinz, the property benefits from a dense employment and demand base of over 73,000 employees within a 5-mile radius. Existing amenities include a pool, basketball court, playground, courtyard with BBQ/picnic area, community center, game room, gym, and laundry facility. The Champaign market is averaging 93.6% occupancy with projected rent growth of approximately 4% annually over the next four years (CoStar), underpinned by record UIUC enrollment of 60,848 students as of fall 2025 and positive net migration across the MSA.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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