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506 W William Street Champaign, IL $ 225,000
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$ 225,000 Get more info
506 W William Street
$ 225,000
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506 W William Street

Champaign, IL, 61820
$ 225,000
Bedrooms3 Baths2.0 Sq 1,282

Monthly Estimate*

$ 1,385

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Multi-Family Home for sale in Champaign, IL

for $225,000 with 3 bedrooms and 2 full baths. This 1,282 square foot home was built in 1923.

Located in an established Champaign neighborhood near downtown and the University of Illinois, 506 W William St. is a duplex investment opportunity offering strong rental potential and future upside. The property features a main-level two-bedroom, one-bath unit and an upper-level studio apartment with approximately 1,282 square feet of living space, a full basement, covered porches, central air conditioning, and a detached one-car garage with additional off-street parking. Current rents are below market, creating value-add potential for future ownership. This property would work well as an investment property or future owner-occupied opportunity in a strong rental location.

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Multi-Family Active

Price

$ 225,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,279

Style

Traditional

Year Built

1923

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

12650535
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 1
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1923
Township Champaign
Tax Year 2025
Ownership Fee Simple
County Champaign
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 9
Status Active
Directions On W William West of Elm Blvd. and East of Foley Ave.
High School Champaign High School
City Champaign
High School District 4
MLS Area Champaign Savoy
Elementary School Champaign Elementary School
Tax Annual Amount 4279
Middle/Junior High School Champaign Junior High School
Standard Status Active
Middle/Junior School District 4
Elementary School District 4
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Interior
Basement Unfinished Full
Total Bedrooms 3
Total Baths 2
Bedrooms Possible 3
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Off Street Driveway Owned Garage
Water Source Public
Total Parking 3
Lot Dimensions 68x56
Waterfront Y/N N
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* Excluded Features
List By
Trautman Real Estate Agency & Appraisal Llc

Broker

pj@trautmanagency.com

Email

Affordability Calculator

$1,742
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,385
Monthly Property Taxes
$357
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.
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Nearby
1869745 Elementary School
1869743 Middle School
Champaign High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/12/2026$225,000 Listed Price

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506 W William Street, Champaign, IL, 61820 is a Multi-Family Home for sale at $225,000 with 1,282 sqft. 506 W William Street has 3 bedrooms, 2.0 baths, and was built in 1923. The property's zip code is 61820 which is in Champaign, IL

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