724 S New Street, Champaign, IL
  • $320,000

Description

Whether you’re looking to expand your investment portfolio or purchase a fully furnished home with immediate income potential, this turnkey short-term rental is a rare opportunity. The buyer must honor all existing Airbnb/VRBO reservations currently in place through November 8th, 2026, allowing for a seamless transition while continuing to generate income. The property has produced more than $52,000 in gross short-term rental revenue over the past 12 months. Recently renovated and thoughtfully furnished, this stylish home comfortably accommodates up to six guests with one king bedroom, one queen bedroom, and two twin beds. The spacious finished basement provides a second living area, offering plenty of room for guests to relax. Outside, enjoy the private fenced backyard with a patio, perfect for entertaining or unwinding, along with convenient access to nearby parks and sports fields. The sale includes all furnishings, decor, housewares, linens, and equipment necessary to continue operating as a successful short-term rental, making this a truly turnkey investment. Additional features include a one-car attached garage and a central location that has consistently attracted guests. Whether you choose to continue its successful Airbnb operation or make it your own after existing reservations conclude, this property offers exceptional flexibility and value. Manage yourself or established management happy to continue.

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

Details

Updated on July 21, 2026 at 10:48 pm
  • Property ID MRD12688745
  • Price $320,000
  • Property Size 1380 Sq Ft
  • Bedrooms 3
  • Bathrooms 2
  • Garage 1
  • Year Built 1949
  • Property Type Single Family
  • Property Status Active
  • Parking Total 1
  • Parcel Number 432013156012
  • Water Source Public
  • Sewer Public Sewer
  • Architectural Style Cape Cod
  • MLS Status New
  • Cumulative Days On Market 2
  • Tax Annual Amount 5171.58
  • Cooling Central Air
  • Heating Natural Gas,Forced Air
  • Appliances Microwave,Dishwasher,Refrigerator,Washer,Dryer,Cooktop,Oven,Range Hood
  • Parking Features Yes,Garage Owned,Detached,Garage
  • Directions Take S. Prospect Ave to W. John St and go East. Turn Right on S. New St and the house is on the left.
  • Association Fee Frequency Not Applicable
  • Address 724 S New Street
  • City Champaign
  • State/county IL
  • Zip/Postal Code 61820
  • Country United States

Overview

Property ID: MRD12688745
  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage
  • 1380 Sq Ft
  • Area Size
  • 1949
  • Year Built

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