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 rare lifestyle that makes Lake Park Subdivision one of Champaign's most beloved hidden gems, where nature, water views, and community come together in an unforgettable setting. Residents enjoy scenic walking trails, wooded natural areas, community gardens, and approximately seven acres of restored prairie surrounding a stunning six-acre lake with sandy beach access for swimming, fishing, relaxing by the water, and non-motorized boating. It's a peaceful retreat that feels miles away from the everyday while remaining conveniently close to Champaign's shopping, dining, medical facilities, and the University of Illinois. Perfectly positioned to capture sweeping lake views, this beautifully maintained three-bedroom, two-and-a-half-bath one-and-a-half-story home offers warmth, character, and flexible living spaces throughout. The spacious first-floor primary suite features hardwood flooring, custom interior shutters, a full wall of closets plus a walk-in closet, and a private en suite bath with dual vanities, a step-in shower, and a jacuzzi tub. Convenient access to the laundry room is just off the suite. Filled with natural light, the dramatic living room showcases expansive windows overlooking the lake and a cozy fireplace that anchors the space. A separate family room provides a second fireplace, extensive wall-to-wall built-ins, and additional walk-in storage. The kitchen offers abundant cabinet and countertop space, built-in cabinetry, and a charming breakfast nook ideal for morning coffee with peaceful views. Adjacent to the kitchen is a versatile bonus space perfect for a pantry extension, home office, or everyday drop zone. One of the home's most unique features is the bright studio retreat just off the breakfast nook, complete with its own split-unit heating and cooling system for year-round comfort. Originally designed as an art studio, this inspiring space would also make an ideal home office, fitness room, creative studio, or sunroom. Upstairs are two additional bedrooms and a full bathroom. One bedroom includes a walk-in closet, while the other provides direct access to an expansive unfinished attic offering incredible storage potential. Life in Lake Park is about more than just the home itself; it's about morning walks along wooded trails, afternoons spent by the lake, evenings watching sunsets shimmer across the water, and the rare sense of peace and connection this special neighborhood provides. Combined with low county taxes, this is an exceptional opportunity to enjoy one of Champaign's most distinctive 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
Contingency Financing
Subdivision Name Lake Park
Other Structures None
Total Rooms 9
Full Baths 2
Status Contingent
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 Under Contract
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 $410,269
Percent of Sale Price 17%
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 |