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The Organ Loft Apartments 112 W Hill St 7 Unité Immeuble d’appartements 2 732 571 $ CAD (390 367 $ CAD/Unité) 10,52% Taux de capitalisation Champaign, IL 61820
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck
- The first 2 floors are currently owner/occupied. This building has endless opportunities including a potential event center space with ample parking.
- There are currently 6 unique luxury 2-bedroom residential apartments ranging from 980 to 1400 sqft which are 100% leased.
Résumé de l'annonce
Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck and just steps away from downtown restaurants and night-life. This historic turn of the century, architecturally significant Richardsonian building features residential multi-family and commercial tenant spaces. The building, once owned by Senator McKinley, began life as "The Women's Town Club" hotel, and now is home to Buzard Pipe Organ Builders, LLC. There are currently 6 unique luxury 2-bedroom residential apartments ranging from 980 to 1400 sqft which are 100% leased. The commercial space is currently occupied by the owner/business. Updates include zoned HVAC, 800 Amp electrical service, all new plumbing, 2 elevators (1 recently added freight and 1 historic passenger), new roof, thermopane windows, brick tuck-pointing, restored vintage and reproduction light fixtures, doors and windows, preserved tile flooring and original woodworking throughout. The entire building is fire-protected by a sprinkler system, and the ceiling separating the commercial space from the residential apartments above has a 2-hour fire rating. The first and second floor commercial space could be leased as a whole or split into multiple spaces. The existing apartments on the 3rd and 4th floors have room for significant monthly rent increases, and additional residential units could be added. They have cherry cabinets and high-end finishes, with some including tin ceilings and 100+-year-old pine floors. New windows were recently installed, and each unit features a washer and dryer. Unit 302 is multi-story in design, with the second bedroom accessible via a spiral staircase. The commercial space features a three story tall back loft which was opened from the first floor to the top of the 3rd floor. This building has endless opportunities including a potential event center space with ample parking in the parking deck. Because this building has been labeled a Historic Landmark, both federal and state historical tax credits are available for future renovation and construction expenses. Contact the listing agent for additional details on the potential hundreds of thousands of dollars (up to 45% of your improvements costs) available depending upon the project scope.
Bilan financier (Pro forma - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
379 569 $
|
57,90 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
379 569 $
|
57,90 $
|
| Taxes |
-
|
-
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
93 962 $
|
14,33 $
|
| Revenu net d’exploitation |
285 606 $
|
43,56 $
|
Bilan financier (Pro forma - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 379 569 $ |
| Annuel par pi² | 57,90 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 379 569 $ |
| Annuel par pi² | 57,90 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 93 962 $ |
| Annuel par pi² | 14,33 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 285 606 $ |
| Annuel par pi² | 43,56 $ |
Faits sur la propriété
Commodités
Commodités des unités
- Climatisation
- Laveuse/Sécheuse
- Chauffage
- Cuisine
- Planchers de bois franc
- Four
- Bain/Douche
Commodités du site
- Accès 24 heures
- CVCA contrôlé par le locataire
- Édifice d'époque
- Espace d'entreposage
- Ascenseur
- Salle multi-usages
- Services en ligne
- Transport en commun
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 6 | - | 980 - 10 248 |
1 1
Exceptionnellement praticable à pied
90/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
50/100
Très praticable en vélo
80/100
Impôts fonciers
| Numéro de lot | 42-20-12-407-011 | Évaluation des bâtiments | 460 127 $ CAD (2024) |
| Évaluation du terrain | 75 471 $ CAD (2024) | Évaluation totale | 535 598 $ CAD (2024) |
Impôts fonciers
Numéro de lot
42-20-12-407-011
Évaluation du terrain
75 471 $ CAD (2024)
Évaluation des bâtiments
460 127 $ CAD (2024)
Évaluation totale
535 598 $ CAD (2024)
Contact
-
Jeremy Brandow -
Coldwell Banker Real Estate Group
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The Organ Loft Apartments | 112 W Hill St
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