613 W Church Street
Champaign, IL, 61820
$455,000
2 Beds
1 Baths
0 SqFt
0.19 Acres
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MLS #MRD12551294 image #0
Turnkey 9-Unit Investment Property with Proven Income – Champaign, IL Strategically located near Downtown Champaign, Westside Park, and adjacent to Champaign Central High School, this fully renovated 9-unit building offers immediate, stable cash flow backed by documented performance. The property consists of six SRO units and three studio apartments, each featuring a private bathroom, creating an efficient, high-demand unit mix that supports consistent occupancy. The asset produced $56,400 in gross income over the past 12 months (~$4,700/month average collected), with current leases supporting $5,400/month at full occupancy following completion of all renovations in 2024. This is not a projection; repairs and leasing adjustments are complete, positioning the next owner to step into stabilized operations. Recent capital improvements include major roof repairs, new electric water heater, updated kitchenettes and bathrooms, fresh interior paint, secure electronic entry locks, camera systems, and the addition of an on-site laundry room already in service. Separate electric meters further streamline management and expense control. This is an ideal opportunity for investors seeking a true turnkey, workforce-housing asset with durable demand, modernized systems, and immediate income in one of Champaign’s most accessible rental locations.

Property Details

Price:
$455,000
MLS #:
MRD12551294
Status:
Active
Beds:
2
Baths:
1
Type:
Commercial
Neighborhood:
champaignsavoy
Listed Date:
Mar 5, 2026
Year Built:
1890
Champaign, SavoyChampaignsavoy

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Stories
2

Financial

Net Operating Income
$39,550
Tax Year
2024
Taxes
$5,868

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Community

Market Summary

Current real estate data for Commercial in Champaign as of May 16, 2026
14
Commercial Listed
213
Avg DOM
$1,596,271
Avg List Price

Property Summary

    613 W Church Street Champaign IL is a Commercial for sale in Champaign, IL, 61820. It is listed for $455,000

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