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