IL
Champaign
Champaign
61820
506 W William Street
506 W William Street, Champaign, IL 61820
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Listing Type
Multi Family
Listing Status
Active
30
$225,000

Home Details for 506 W William Street

Price
$225,000
Type
Residential Income
Bedrooms
3
Total Bathrooms
2
Year built
1923
County
Champaign
Total rooms
9
Garage
1
Basement
Unfinished, Full
MLS Listing#
12650535
Property 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 Features
  • Parking
    • Detached
    • Off Street
    • Driveway
    • Garage
  • Basement
    • Unfinished
    • Full
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
School Information
School Information for 506 W William Street, Champaign, IL 61820
Elementary School
Champaign Elementary School
Middle School
Champaign Junior High School
High School
Champaign High School
Listing Courtesy: Trautman Real Estate Agency & Appraisal LLC - 217-888-8585
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-06-13 02:50:23. 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. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-06-13 02:50:23
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EXIT REAL ESTATE PARTNERS
4901 Main Street, Downers Grove, IL 60515
Office
630 967 0400
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