BEDS0
BATHS
MLS#12551294
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.19 Acres
Stories: 2.0
Taxes: $5,868
Year Built: 1890
Feature Descriptions
Current Use: Multi-Family, Single Room Occupancy
Days on Site: 3
Frontage Type: City Street
HVAC: Electric, Forced Air, Gas, Baseboard
Lot Dimensions: 60X139
Parcel#: 422012304004
Parking: 1-5 Spaces
Potential Use: Multi-Family, Single Room Occupancy
Tenant Pays: Electricity
Units: 9
Listed By / Shown By
Listed By
Agency Name: eXp Realty-Champaign
Agency Phone: 888-574-9405
Shown By
Agent Name: Linda Kaszynski
Agent Phone: (815) 228-5622
Agency Title: Dickerson & Nieman Realtors
Estimate Your Payment
Estimated Payment
$ 1,634.34 per month $1,012.63 Principal & Interest $489.00 Property Tax $132.71 Homeowner's InsuranceChange Payment Information
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613 W Church Street | MLS# 12551294
This multi-family property located at 613 W Church Street , Champaign, IL 61820 is currently listed for sale with an asking price of $455,000. Search Champaign real estate on lindakaszynski.dickersonnieman.com today.