Address
613 W Church Street, Champaign, IL
Price
$ 339,000
Property Attributes
- MLS#12551294
- TypeMulti-Family
- Listing Status Active
- CountyCHAMPAIGN
- CityChampaign
- AreaChampaign - Savoy
- Zip61820
- StyleMulti-Family,Single Room Occupancy
- Year Built1890
- Taxes$ 5868
- Price$ 339,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.19 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Turnkey 9-Unit Investment Property with Proven Income - Champaign, IL Strategically located near Downtown Champaign, Westside Park, and adjacent to Champaign Central High School, this fully renovated 9-unit building offers immediate, stable cash flow backed by documented performance. The property consists of six SRO units and three studio apartments, each featuring a private bathroom, creating an efficient, high-demand unit mix that supports consistent occupancy. The asset produced $56,400 in gross income over the past 12 months (~$4,700/month average collected), with current leases supporting $5,400/month at full occupancy following completion of all renovations in 2024. This is not a projection; repairs and leasing adjustments are complete, positioning the next owner to step into stabilized operations. Recent capital improvements include major roof repairs, new electric water heater, updated kitchenettes and bathrooms, fresh interior paint, secure electronic entry locks, camera systems, and the addition of an on-site laundry room already in service. Separate electric meters further streamline management and expense control. This is an ideal opportunity for investors seeking a true turnkey, workforce-housing asset with durable demand, modernized systems, and immediate income in one of Champaign's most accessible rental locations.
| Price History | |
|---|---|
| 3/5/2026 | Listed $455,000 |
| 6/1/2026 | 9$415,000 |
| 8/25/2026 | 19$339,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Possession | Closing |
| Zoning | MULTI |
| Year Built | 1890 |
| Tenant Pays | Electricity |
| Stories Count | 2 |
| Township | Champaign |
| Tax Year | 2024 |
| Current Use | Multi-Family,Single Room Occupancy |
| Gross Income | 55720 |
| County | Champaign |
| Net Operating Income | 39550 |
| Operating Expense | 33180 |
| Property Type | Commercial Sale |
| Possible Use | Multi-Family,Single Room Occupancy |
| Status | Active |
| Directions | From Downtown Champaign,West on Church St,property on the left |
| City | Champaign |
| Number Of Units Total | 9 |
| MLS Area | Champaign,Savoy |
| Tax Annual Amount | 5868 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Exterior Features
| Lot Dimensions | 60X139 |
|---|---|
| Lot Size Acres | 0.19 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 61820
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 2:41 AM UTC
