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617 W Springfield Avenue Champaign, IL $ 299,900
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$ 299,900 Get more info
617 W Springfield Avenue
$ 299,900
Back to search
Share Save

617 W Springfield Avenue

Champaign, IL, 61820
$ 299,900
Bedrooms5 Baths0.0

Monthly Estimate*

$ 1,871

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Multi-Family Home for sale in Champaign, IL

for $299,900 with 5 bedrooms. This home was built in 1903 on a lot size of 0.18.

Expand your rental portfolio with 617 W Springfield, a 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three units have long-term tenants (with the potential for rent increases.) Significant updates include full exterior repainting, back porch upgrades, a new water heater, a new furnace, and landscaping improvements, all of which enhance both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are included in a monthly utility charge that is part of the rent. A solid investment opportunity in a prime location!

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Multi-Family Contingent

Price

$ 299,900

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 3,978

Style

Multi-Family

Lot Size

0.18

Year Built

1903

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

12485512
Features
General
Cooling Window Unit(s)
Possession Tenant's Rights
Zoning MULTI
Year Built 1903
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity
Stories Count 3
Township Champaign
Tax Year 2024
Current Use Multi-Family
Gross Income 54756
County Champaign
Net Operating Income 42064
Operating Expense 8714
Insurance Expense 1200
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 0
Status Contingent
Directions SPRINGFIELD AVE. BETWEEN NEIL AND PROSPECT
City Champaign
Number Of Units Total 5
MLS Area Champaign Savoy
Tax Annual Amount 3978.3
Electric Expense 1200
Fuel Expense 2819
Trash Expense 2045
Water Sewer Expense 1450
Additional Parcels Y/N N
Standard Status Active Under Contract
Cap Rate 14
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Interior
Basement Unfinished
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Exterior
Lot Dimensions 60X132
Lot Size Acres 0.18
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* Excluded Features
List By
Keller Williams-Trec

Broker

joe@zalabakhomes.com

Email

Affordability Calculator

$2,202
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,871
Monthly Property Taxes
$332
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/6/2025$299,900 Listed Price

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617 W Springfield Avenue, Champaign, IL, 61820 is a Multi-Family Home for sale at $299,900 with a lot size of 0.18. 617 W Springfield Avenue has 5 bedrooms, 0.0 baths, and was built in 1903. The property's zip code is 61820 which is in Champaign, IL

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