Brooklyn, Melrose, and Millennium
3 Neighboring Student Housing Communities Pedestrian to EIU
Marketing description
This offering represents the opportunity to acquire three neighboring student housing communities in Charleston, Illinois, pedestrian to Eastern Illinois University.
Brooklyn Heights is a 34-unit, 56-bed community with a mix of one- and two-bed units with bed-bath parity built in 2010.
Melrose on 4th is a 32-unit, 64-bed community with two-bed units with bed-bath parity built in 2008.
Millennium is a 50-unit, 128-bed community with a mix of one-, two-, and three-bed units built in 2002 and fully renovated in 2023.
Investment highlights
Three Neighboring Student Housing Communities Pedestrian to EIU
3 Properties with 116 Units and 248 Beds Combined
Fully Furnished Units with Amenities at All Properties
Offered Well Below Replacement Cost
The Millennium Recently Underwent $4M+ Renovation
One of the Best Locations in the Market Near Popular Bars, Shopping, and Campus
5% Increase in Students Transferring from Community Colleges for AY 2025-26
91% Surge in Business Administration Enrollment
EIU is Well-Known in the Region for Education, Business Administration Psychology, Communication, and Health Science
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