506 W William Street, Champaign, IL
  • $225,000

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.

  • Listing Courtesy of: Trautman Real Estate Agency & Appraisal LLC

Details

Updated on June 27, 2026 at 5:18 pm
  • Property ID MRD12650535
  • Price $225,000
  • Bedrooms 3
  • Garage 1
  • Year Built 1923
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 3
  • Parcel Number 432013177026
  • Water Source Public
  • Sewer Public Sewer
  • Architectural Style Traditional
  • MLS Status Active
  • Days On Market 15
  • Cumulative Days On Market 7
  • Tax Annual Amount 4279
  • Heating Natural Gas
  • Parking Features Yes,Garage Owned,Detached,Off Street,Driveway,Owned,Garage
  • Directions On W William, West of Elm Blvd. and East of Foley Ave.
  • Address 506 W William Street
  • City Champaign
  • State/county IL
  • Zip/Postal Code 61820
  • Country United States

Overview

Property ID: MRD12650535
  • Multi Family
  • Property Type
  • 3
  • Bedrooms
  • 1
  • Garage
  • 1923
  • Year Built

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