618-353-1507
800 E Grand Ave, Carbondale, IL for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

800 E Grand Ave
Carbondale, IL 62901


HIGHLIGHTS

  • University Village is a premier 269-unit apartment complex in Carbondale with easy highway access and convenience to neighborhood amenities.
  • Well-established, low-rise apartment buildings with beautiful, modern finishes and featuring a mix of one-, two-, three-, and four-bedroom units.
  • Benefit from the property's strategic location, highly amenitized community, significant occupancy, and value-add opportunities.
  • Top-tier resident amenities include a clubhouse, a fitness center, outdoor seating, a sand volleyball court, a game room, green space, and more.
  • Conveniently accessible to US Highway 51/S Illinois Avenue and Main Street, long with downtown and Southern Illinois University's campus.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF UNITS

269

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

536

LAND DETAILS

LAND ACRES

16.78 AC

LAND SF

730,937 SF

ZONING

R-3

APN/PARCEL ID

15-22-376-001

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618-353-1507

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Saravana PrasadRise Select - University VillageMore Info
618-353-1507

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