506 William Street, Champaign, Illinois 61820
$217,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 3 |
| Baths: | 0 |
| Year Built: | 1923 |
| Property Taxes: | $4,279 |
| Days On Market: | 112 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1923 | |
| — | |
| — | |
| No | |
| — |
| Champaign | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12650535 | |
| 432013177026 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Champaign Elementary School |
4 | — | |
|
Middle School
Champaign Junior High School |
4 | Not in DB | |
|
High School
Champaign High School |
4 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 5 Aug, 2026 | Sold | $217,500 | MRED MLS |
| 5 Jul, 2026 | Under contract | $225,000 | MRED MLS |
| 12 Jun, 2026 | Listed for sale | $225,000 | MRED MLS |
Room Specifics
All Bedroom Info:
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Second Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Third Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Bathroom Info:
Full Bathrooms: 2
Partial Bathrooms: —Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Additional Rooms Info:
Rooms: —
Basement: —Rooms: —
Basement Description: —
Other Specifics
| 1 | |
| — | |
| — | |
| — | |
| — | |
| 68x56 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $4,279 |
Contact Agent
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Contact Agent
Listing Provided By
Trautman Real Estate Agency & Appraisal LLC
