3 Lake Park Road
Champaign, IL, 61822 $ 495,000
Bedrooms3 Baths2.1 Sq 2,926 Monthly Estimate*
$ 3,048
for $495,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,926 square foot home was built in 1959 on a lot size of 0.49.
Experience the unique lifestyle that Lake Park Subdivision is known for, where daily life revolves around nature, water views, and a strong sense of community. Residents enjoy access to scenic walking trails, wooded natural areas, community gardens, and approximately seven acres of restored prairie. At the heart of the neighborhood is a beautiful six-acre lake with a sandy beach, perfect for swimming, fishing, relaxing by the water, or enjoying non-motorized boating. It's a setting that offers peaceful surroundings while still being conveniently located near Champaign's amenities. Beautiful three-bedroom, two and a half bathroom, one and a half story home with a spacious first floor primary bedroom with hardwood floors, custom interior shutters, a full wall of closets plus a walk-in closet, and an en suite bathroom with dual vanities, a step-in shower, and a jacuzzi tub. Convenient access to the laundry room is located just off the suite. The living room is filled with natural light and sweeping lake views through large windows and features a fireplace. A separate family room offers a second fireplace, wall-to-wall built-ins, and a walk-in closet for additional storage. The kitchen offers generous cabinet storage and countertop space, along with a cozy breakfast nook and additional built-in cabinetry. Adjacent to the kitchen is a flexible bonus room that's perfect for an extra pantry, a small office, or a drop zone. Just off the breakfast nook is a bright studio space with its own split-unit heating system for year-round comfort, originally used as an art studio and suitable for a variety of uses. Upstairs, you'll find two additional bedrooms and a full bathroom. One bedroom includes a walk-in closet, while the other provides access to the expansive unfinished attic, ideal for incredible storage. Life in Lake Park offers more than just a beautiful home. From morning walks along wooded trails and afternoons by the lake to community gardening and evenings watching the sunset over the water, the neighborhood provides a rare combination of natural beauty, recreation, and tranquility. With low county taxes as an added bonus, this home offers an exceptional opportunity to enjoy one of Champaign's most unique and beloved lake-centered communities.
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FeaturesGeneralLiving Area 2926
Sewer Public Sewer
Heating Natural Gas Steam Baseboard
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Refrigerator Washer Dryer Electric Cooktop Oven
HOA Fee 670
Garage Spaces 2
Association Fee Includes Lake Rights Other
Construction Materials Aluminum Siding Brick
Year Built 1959
Electric 200+ Amp Service
Township Champaign
Tax Year 2024
Ownership Fee Simple
Community Features Lake Water Rights Sidewalks Street Paved
Assoc Fee Paid Per Annually
County Champaign
New Construction N
Property Type Residential Detached Single
Subdivision Name Lake Park
Other Structures None
Total Rooms 9
Full Baths 2
Status Active
Directions Take South 1st street to Lake Park Road
High School Central High School
City Champaign
High School District 4
MLS Area Champaign Savoy
Elementary School Unit 4 Of Choice
Tax Annual Amount 7302
Middle/Junior High School Champaign/Middle Call Unit 4 351
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 4
Elementary School District 4
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InteriorInterior Amenities 1st Floor Bedroom 1st Floor Full Bath Built-in Features Walk-In Closet(s)
Basement Crawl Space
Flooring Hardwood
Total Fireplaces 2
Fireplace Features Gas Log
Half Baths 1
Laundry Features Main Level Electric Dryer Hookup Sink
Total Bedrooms 3
Below Grade Finished Area 0
Room Type Eating Area Heated Sun Room
Total Baths 3
Bedrooms Possible 3
Bathroom Whirlpool Separate Shower Double Sink
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ExteriorParking Features Concrete Garage Door Opener Yes Garage Owned Attached Garage
Lot Features Mature Trees
Water Source Public
Total Parking 2
Foundation Details Block
Lot Dimensions 112X206.9X130X152.4
Lot Size Acres 0.49
Waterfront Y/N Y
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* Excluded FeaturesList ByKeller Williams-TrecBroker
barb@thegallivangroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,048
- Monthly Property Taxes
- $609
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbySingle family listings in Champaign, IL
Average List Price $394,137
Percent of Sale Price 20%
About Champaign, IL 87,135 Population
24% Since 2002
$ 43,908 Median Income
28.49 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
2517267 Elementary School
2517266 Middle School
Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/8/2026 | $495,000 | -13.91% | Price Down |
| 3/13/2026 | $575,000 | -4.15% | Price Down |
| 2/16/2026 | $599,900 | -4.02% | Price Down |
| 12/11/2025 | $625,000 | | Listed Price |