University Village offers the opportunity to acquire an exceptional 269-unit student housing community in a bustling Carbondale neighborhood at 800 E Grand Avenue, just one block from the Southern Illinois University (SIU) campus. This multi-building, 271,778-square-foot complex features several garden-style apartment buildings and comprises 656 bed spaces across a mix of one-, two-, three-, and four-bedroom units. The property features large floor plans and ample on-site surface parking.
University Village is an attractive destination for potential student residents with a desirable collection of amenities, including a dog park, a fitness center, an outdoor fireplace lounge, a volleyball court, a game room, and a shuttle bus to and from the SIU campus. Investors will benefit from the complex's strategic location, continual university growth, and significant occupancy. Additionally, there is immense value-add potential through unit and amenity renovations, further enhancing the complex's appeal.
Strategically located just outside the Southern Illinois University campus, University Village provides unmatched access for students. Southern Illinois University saw the highest enrollment increase in 33 years for the fall 2024 semester, exceeding its enrollment goal for a total of 11,790 students. The apartment complex is situated near all campus hotspots, including the recreation center, Morris Library, and the academic buildings, along with downtown Carbondale.