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617 W Springfield Avenue

Champaign, IL 61820
  • $275,000
  • STATUS: Active
  • ON SITE: 150 Days
  • MLS #: 12149514
UPDATED: 66 min ago
$275,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1903
County:
Area:

School Ratings & Info

Description

Expand your rental portfolio with 617 W Springfield, a fully rented 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three enjoy long-term tenants. Major 2024 updates include full exterior repainting, back porch upgrades, and landscaping improvements, enhancing both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are covered by a monthly utility charge included in the rent. A solid investment opportunity in a prime location!

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T20:02:08.977 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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617 W Springfield Avenue Champaign, IL 61820

  • Price: $275,000
  • Status: Active
  • On Site: 150 Days
  • Updated: 66 min ago
  • MLS #: 12149514
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1903
Built
Neighborhood:
Champaign
County:
Champaign
Area:
Champaign
Property Description
Expand your rental portfolio with 617 W Springfield, a fully rented 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three enjoy long-term tenants. Major 2024 updates include full exterior repainting, back porch upgrades, and landscaping improvements, enhancing both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are covered by a monthly utility charge included in the rent. A solid investment opportunity in a prime location!
Interior Features

Basement Unfinished Cooling Window Unit(s) Heat Ventilation Central Bldg Heat Number Of Dryers 1 Number Of Ranges 5 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-Family Electric FusesSeparate Meters Gross Income 40836 Gross Scheduled Income 40836 Insurance Expense 1200 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 33186 Operating Expense 7650 Tax Annual Amount 3746.94 Tax Year 2023 Tenant Pays ElectricityVaries by Tenant Total Monthly Income 3403 Township Champaign Type Multi Family 5+ Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of KELLER WILLIAMS-TREC: 217-356-6100.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T20:02:08.977 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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