506 W William ST, Champaign, IL 61820
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506 W William ST, Champaign, IL 61820
506 W William ST, Champaign, IL 61820
506 W William ST, Champaign, IL 61820
506 W William ST, Champaign, IL 61820
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Kevin Wagan

Kevin Wagan

+1(630) 518-5042
$ 225,000
Est. payment /mo
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506 W William ST Champaign, IL 61820

3 Beds

2 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12650535

Style Traditional

Bedrooms 3

Year Built 1923

Annual Tax Amount $4,279

Tax Year 2025

Lot Dimensions 68x56

Property Sub-Type Two to Four Units

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.

Location

State IL

County Champaign

Area Champaign, Savoy

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 1.0

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Champaign Elementary School

Middle Schools Champaign Junior High School

High Schools Champaign High School

School District 4 , 4, 4

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by PJ Trautman of  Trautman Real Estate Agency & Appraisal LLC 
Kevin Wagan

Kevin Wagan

Agent

+1(630) 518-5042

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506 W William ST