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Timothy Wallace

tim@loyaltyhomegroup.com +1(480) 213-5592

$ 225,000

Est. payment | -/mo

3 Beds

2 Baths

Save

$ 225,000

Est. payment | -/mo

Save

3 Beds

2 Baths

Open House

Sun Jun 14, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12650535

Style Traditional

Bedrooms 3

Year Built 1923

Annual Tax Amount $4,279

Tax Year 2025

Lot Dimensions 68x56

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Champaign

Area Champaign, Savoy

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 1.0

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Champaign Elementary School

Middle Schools Champaign Junior High School

High Schools Champaign High School

School District 4 , 4, 4

Others

Ownership Fee Simple

Special Listing Condition None

Listed by PJ Trautman of Trautman Real Estate Agency & Appraisal LLC

+1(480) 213-5592

tim@loyaltyhomegroup.com

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506 W William ST Champaign, IL 61820