2219 9th St
Charleston, IL 61920

The Lincolnwood Pinetree Apartments consist of seven (7) student housing buildings located just steps from Eastern Illinois’ central campus in Charleston, Illinois. Eastern Illinois University features an enrollment of approximately 7,800 students and is located 0.4 miles from the apartment complex, or for students, a six (6) minute walk. The buildings were constructed in 1969 and 1973 over 5.29 acres of land across seven (7) different parcels. The property is zoned R3 - Limited Multi Family Dwelling District and totals 96,072 SF across 134 units with 18 studio/one bath units, 18 one bed/one bath units, 87 two bed/one bath units and 11 three bed/one bath units. The buildings amenities include fire pits, grills, balconies, on-site laundry facilities, and parking spaces for approximately 200 spaces. Recently, a dozen units have been upgraded with modern finishes and leased out at current market rents. In addition to being just steps from Eastern Illinois’ campus, the apartment complex is located less than one (1) mile south of Illinois Route 16, the primary commercial corridor in the area featuring an abundance of national retailers including Walmart, Walgreens, CVS/Pharmacy, ALDI, Dollar General, O’Reilly Auto Parts, Advanced Auto Parts, Starbucks, McDonald’s, Subway, Jimmy John’s, Domino’s, and Pizza Hut, among others. Currently, 31 of the 134 units (23.13%) are occupied offering investors value-add potential with major upside.