Description

JLL is pleased to present Burnham 310, a 470-bed student housing asset pedestrian to the power 4 University of Illinois Urbana-Champaign. Rents are as much as 40% lower than the immediate comp set, and by achieving just the comp set average after light cosmetic updates, Burnham 310 will generate $2.7 million additional revenue per year. University of Illinois is the flagship state institution and a founding member of the Big 10 athletic conference. Total enrollment reached 61,060 students this Fall 2026, representing the third consecutive year of record enrollment.

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Attributes

Units

265

Beds

470

Year built

2008

Distance to Campus

0.25 Mi

Occupancy

95.3%

Media

Investment highlights

Prime Upside Opportunities – With rents 40% below the comp set, a new owner can generate $2.7 additional revenue per year with light cosmetic updates and rents will still be a 20% discount to the top of market.

Flagship Power 4 University – UIUC is a charter member of the Big 10 conference and the flagship institution of the University of Illinois System, which operates with a $3B+ endowment

Pedestrian to Campus – Burnham 310 is in the desirable Campustown submarket

Record Enrollment, Rising Selectivity – UIUC enrollment has grown 27 of the last 30 years reaching an all-time high 61,060 this Fall 2026. New student applications have surged 78% in 5 years, resulting in a 22-point drop in the acceptance rate to 38% this Fall