Onyx Apartments is a 254-unit, 732-bed purpose-built student housing community located just 0.6 miles north of the University of Illinois Urbana-Champaign (UIUC) campus.
Originally built in 1999 and recently renovated with $3M in capital improvements, the property offers fully furnished one-, two-, and four-bedroom apartments up to 1,200 square feet, featuring modern finishes and private bedrooms. Community amenities include a resort-style pool, renovated clubhouse, fitness center, study and social spaces, secure gated entries, and ample green space. The property is 94 percent occupied for Fall 2025.
This property is 1/3 of the Midwest Value-Add Portfolio and can be acquired individually or as a portfolio transaction.