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Student Housing
Latitude Apartments
Champaign, IL
327 Units
Built in 2016
Core Plus
Investment Highlights
- Prime, pedestrian location near the growing, University of Illinois Urbana-Champaign campus, where enrollment grew to over 59,238 students in Fall 2024
- In-demand property in an under-supplied market, Latitude is 89 percent occupied and already 50 percent preleased for the 2024-2025 school year.
- Latitude offers fully furnished, one-, two-, and four-bedroom units with 100 percent bed/bath parity. Interiors include granite countertops, full-size washers & dryers and balconies & patios.
- Community amenities include a 24/7 fitness center, Bark Park, a sparkling resort style pool with tree houses, a pet washing station, two rooftop terraces, safe package lockers, and onsite retail including Loa See Chuan Chinese restaurant and a First Bank branch.
- Latitude provides the next owner with upside, with potential to increase rents and returns through strategic renovations and upgrades to unit interiors and community amenity areas.
Exclusively listed by
Broker of Record
Steven D. Weinstock
Senior Vice President/Regional Manager
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