**Interra Realty Brokers $5.87M Sale of Multifamily Portfolio Near University of Illinois**
Interra Realty has facilitated the $5.87 million sale of a five-building, 102-unit multifamily portfolio located within close proximity to the University of Illinois Urbana-Champaign.
Michael Duckler, Director at Interra Realty, represented the confidential buyer in this off-market transaction. The portfolio includes five apartment buildings situated at 1001-1021 W. Francis Drive and the adjacent 1402-1406 N. McKinley Avenue. Also included in the acquisition is a single-family home located at 1012 W. Francis Drive.
“As the multifamily market continues to experience steady rental rate increases and strong property appreciation, investors are on the hunt for assets that offer short-term income potential and long-term value growth,” said Duckler. “With a lower barrier to entry in smaller markets like Champaign, there are abundant opportunities out there for buyers seeking higher relative yields.”
Built in 1970, the apartment buildings feature a mix of 36 one-bedroom and 66 two-bedroom units. The properties are located near local dining and shopping amenities, making them attractive to both tenants and investors.
This transaction underscores the growing investor interest in secondary markets and demonstrates the ongoing strength of the multifamily sector in university-adjacent locations.
