724 S New Street Champaign, IL $ 320,000
724 S New Street
$ 320,000
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724 S New Street

Champaign, IL, 61820
$ 320,000
Bedrooms3 Baths2.0 Sq 1,380

Monthly Estimate*

$ 2,021

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Single Family Home for sale in Champaign, IL

for $320,000 with 3 bedrooms and 2 full baths. This 1,380 square foot home was built in 1949.

Whether you're looking to expand your investment portfolio or purchase a fully furnished home with immediate income potential, this turnkey short-term rental is a rare opportunity. The buyer must honor all existing Airbnb/VRBO reservations currently in place through November 8th, 2026, allowing for a seamless transition while continuing to generate income. The property has produced more than $52,000 in gross short-term rental revenue over the past 12 months. Recently renovated and thoughtfully furnished, this stylish home comfortably accommodates up to six guests with one king bedroom, one queen bedroom, and two twin beds. The spacious finished basement provides a second living area, offering plenty of room for guests to relax. Outside, enjoy the private fenced backyard with a patio, perfect for entertaining or unwinding, along with convenient access to nearby parks and sports fields. The sale includes all furnishings, decor, housewares, linens, and equipment necessary to continue operating as a successful short-term rental, making this a truly turnkey investment. Additional features include a one-car attached garage and a central location that has consistently attracted guests. Whether you choose to continue its successful Airbnb operation or make it your own after existing reservations conclude, this property offers exceptional flexibility and value. Manage yourself or established management happy to continue.

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Single Family Active

Price

$ 320,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 5,171

Style

Cape Cod

Year Built

1949

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

12688745

Features
General
Living Area 1380
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Appliances Microwave Dishwasher Refrigerator Washer Dryer Cooktop Oven Range Hood
Garage Spaces 1
Association Fee Includes None
Architectural Style Cape Cod
Construction Materials Vinyl Siding
Year Built 1949
Township Champaign
Tax Year 2025
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Champaign
New Construction N
Property Type Residential Detached Single
Total Rooms 7
Full Baths 2
Status Active
Directions Take S. Prospect Ave to W. John St and go East. Turn Right on S. New St and the house is on the left.
High School Central High School
City Champaign
High School District 4
MLS Area Champaign Savoy
Elementary School Champaign Elementary School
Tax Annual Amount 5171.58
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 Partially Finished Full
Half Baths 0
Total Bedrooms 3
Below Grade Finished Area 279
Room Type Recreation Room
Total Baths 2
Bedrooms Possible 3
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Public
Total Parking 1
Lot Dimensions 110.75 X 52
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

$2,451
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,021
Monthly Property Taxes
$431
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Central High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$320,000 Listed Price

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724 S New Street, Champaign, IL, 61820 is a Single Family Home for sale at $320,000 with 1,380 sqft. 724 S New Street has 3 bedrooms, 2.0 baths, and was built in 1949. The property's zip code is 61820 which is in Champaign, IL