506 W William Street, Champaign, IL 61820

Champaign
Local realty services provided by:Results Realty ERA Powered
506 W William Street,Champaign, IL 61820
$225,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: pj trautman
Office: trautman real estate agency & appraisal llc.
MLS#:12650535
Source:MLSNI

Price summary

  • Price:$225,000

About this home

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.

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Home facts

  • Year built:1923
  • Listing ID #:12650535
  • Updated:July 01, 2026 at 11:17 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:9
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1923
  • Architectural Style:Traditional

Schools

  • High school:Champaign High School
  • Middle school:Champaign Junior High School
  • Elementary school:Champaign Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$225,000
  • Tax amount:$4,279 (2025)

Parking

  • Total parking spaces:3
  • Parking description:Detached Garage, Driveway, Garage, Off Street
  • Garage:Yes
  • Garage spaces:1
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