808 N 3rd St 8 Unit Apartment Building $657,110 CAD ($82,139 CAD/Unit) Saint Joseph, IL 61873

Versatile 4,100± SF, 8-bedroom, 4.5-bath building in St. Joseph, IL—originally a group home for special-needs individuals and currently utilized as a hair studio and an Airbnb (short-term rental). With multiple entrances and keypad access, the layout can host three groups at once or be leased/used as a single facility. Strong local lodging demand exists, as there is currently no hotel in St. Joseph. Excellent regional connectivity just off I-74 with quick access to the University of Illinois, Champaign-Urbana, and Danville.
Buildings and Systems:
•New flooring throughout, with the exception of a couple bathrooms
that retain original hardwood in excellent condition
•Two new A/C units and two new furnaces
•Three water heaters (one new)
•New ductwork on the south portion of the building
•LED lighting upgrades
•Approximately half of the windows replaced; exterior doors replaced
•Doors configured to close automatically during a power outage (per seller)

Layout and Features:
•One large kitchen
•Two laundry rooms
•Large back deck plus two smaller decks; large front porch offering strong curb appeal
•Six total entrances; three entrances with separate keypads (supports multi-group hosting)
•South side described as ADA-compliant with ramps
Current and Potential Uses:
•Continue as hair studio plus short-term rental
•Ideal for a small business needing flexible rooms and multiple access points
•Potential to convert back to group housing or other care-oriented use, subject to approvals
Market Position:
•No hotel in St. Joseph; short-term lodging demand has been strong for this property
•Proximity to major employment, university, healthcare, and services in Champaign-Urbana and Danville

Transaction Notes:
•Seller requests closing after January 1, 2026
•Real estate only: no Airbnb financials will be provided; the business is not included in the sale

LOCATION:
The Village of St. Joseph or Saint Joseph was founded on April 28, 1881, and is located in St. Joseph Township, Champaign County, Illinois. The population was 3,810 at the 2020 census.
•The median home cost in St. Joseph is $210,000. Home appreciation the last 10 years has been 46.3%. Home Appreciation in St. Joseph is up 14.5%.
•The median age of St. Joseph real estate is 27 years old.
•Renters make up 21.2% of the St. Joseph population.
•The average one-bedroom unit rents for $760/month.
The average two-bedroom unit rents for $890/month.
The average three-bedroom unit rents for $1,160/month.
The average four-bedroom unit rents for $1,200/month.
•St. Joseph has an unemployment rate of 5.0%. The US average is 6.0%.
•Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
•The Median household income of a St. Joseph resident is $94,158 a year. The US average is $69,021 a year.
•St. Joseph violent crime is 12.6. (The US average is 22.7)
St. Joseph property crime is 24.5. (The US average is 35.4)
Champaign County is a county in the U.S. state of Illinois. As of the 2020 Census, its population was 205,865, making it the 10th-most populous county in Illinois. Its county seat is Urbana.
Champaign County is part of the Champaign–Urbana metropolitan area. The twin cities of Urbana and Champaign are the only cities in the county, and they nearly surround the campus of the University of Illinois.
The University of Illinois Urbana-Champaig is a public land-grant research university in the Champaign–Urbana metropolitan area, Illinois. Established in 1867, it is the founding campus and flagship institution of the University of Illinois System. With over 59,000 students, the University of Illinois is one of the largest public universities by enrollment in the entire United States.
The university contains 16 schools and colleges and offers more than 150 undergraduate and over 100 graduate programs of study. The university holds 651 buildings on 6,370 acres and its annual operating budget in 2016 was over $2 billion. The University of Illinois Urbana-Champaign also operates a research park home to innovation centers for over 90 start-up companies and multinational corporations.