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$336,250
4,142
square ft

503 N State Street
Champaign, Illinois 61820

Closed / MLS #12343981 / Multiple Family / Champaign
Listing information updated 8/5/2025 at 4:43pm
Welcome to 503 N State in downtown Champaign - a fully remodeled, all-brick 5-unit investment property offering an outstanding opportunity for strong, reliable rental income. This fully leased building features three spacious one-bedroom, one-bath units and two two-bedroom, one-bath units, all recently updated with significant improvements. Major upgrades include brand-new vinyl windows throughout and stainless steel appliances in every kitchen, enhancing both energy efficiency and tenant appeal. Each unit is separately metered for electricity, and tenants pay an additional $110 per-unit monthly utility fee on top of their base rent to cover water, sewer, gas, and trash services. With its classic brick exterior, modern updates, and unbeatable downtown location close to shops, dining, and entertainment, 503 N State is a turnkey addition to any rental portfolio.
Exterior Type:
Brick,Cedar
Basement:
Finished
Water Front:
No
Square Feet:
4,142
Acreage:
0.1
Built:
1922
Cooling System:
Window Unit(s)
Stories:
3
Roof:
Composition
Current Use:
Multi-Family
Zoning:
MULTI
Building Square Feet:
4,142
Current Net Income:
$41,503
Unit 1:
4 room(s) / 1 bed(s) / 1 bath(s)
Unit 2:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 3:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 4:
4 room(s) / 1 bed(s) / 1 bath(s)
Unit 5:
3 room(s) / 1 bed(s) / 1 bath(s)
Tax Amount:
$3,169
Tax Year:
2024
Zip Code:
61820
City:
Champaign
County:
Champaign

Listing Office: KELLER WILLIAMS-TREC

Listing Office Phone: 217.356.6100

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/5/2025 at 4:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 listings have been excluded from this website.

$272,895
Average Sale Price
33
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 503 N State Street, Champaign, IL 61820
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503 N State Street, Champaign, IL 61820 is a multiple family which sold for $336,250. This multiple family has been listed on @properties Christie's International Real Estate since April 29th, 2025 and was built in 1922.

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