30
See all 30 photos
$225,000
Est. payment /mo
3 Beds
2 Baths
New
506 W William ST Champaign, IL 61820
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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
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by PJ Trautman of Trautman Real Estate Agency & Appraisal LLC
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