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506 W William Street, Champaign, IL 61820

Champaign
Local realty services provided by:CENTURY 21 New Heritage
506 W William Street,Champaign, IL 61820
$225,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Pending
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 29, 2026 at 09:23 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
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Lisa Rossow

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