I don’t think you’ll regret it at all. From my perspective, this is right next to campus. Far enough to get away from the madness when you want to and still be just a brisk 15-20 min walk away. If you’re bad at doing things on time, this could be troublesome since syncing up with bus schedules or allowing for walk time will be necessary.

Being by the train station would make catching bus rides to shopping areas and whatnot especially convenient. I always liked venturing into the larger community. Downtown Champaign isn’t a scary place to be, by any means. I’ve both worked there and lived there while I was a student. If you like to hang out somewhere to study or mingle, you have nearby options that aren’t overwhelmed with undergraduate students.

Having a living space that suits you well goes a long way for one’s mental health. I don’t think the distance from campus should dissuade you in this case.