$225,000

beds

baths

506 W William Street

Champaign, Illinois 61820

Name: 506 W William Street, Champaign, IL 61820
Price: 225000 USD
Availability: InStock

New / MLS #12650535 / Multiple Unit (2-4) / Champaign

Listing information updated 6/13/2026 at 6:03am

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.

See it in person

Open House

1:00pm - 3:00pm Sunday, June 14th, 2026 6/14/26

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Full Features

Architecture Style:

Traditional

Exterior Type:

Vinyl Siding

Basement:

Unfinished,Full

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

100+ Years

Parking Type:

Garage - Yes,Garage Owned,Detached,Off Street,Driveway,Owned,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Taxes & Assessments

Tax Amount:

$4,279

Tax Year:

2025

Location

Zip Code:

61820

City:

Champaign

County:

Champaign

Schools

School District(s):

Elementary School:

Champaign Elementary School

Middle School:

Champaign Junior High School

High School:

Champaign High School

Architecture Style:

Traditional

Exterior Type:

Vinyl Siding

Basement:

Unfinished,Full

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

100+ Years

Parking Type:

Garage - Yes,Garage Owned,Detached,Off Street,Driveway,Owned,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Tax Amount:

$4,279

Tax Year:

2025

Zip Code:

61820

City:

Champaign

County:

Champaign

School District(s):

Elementary School:

Champaign Elementary School

Middle School:

Champaign Junior High School

High School:

Champaign High School

Listing Office: Trautman Real Estate Agency & Appraisal LLC

Listing Office Phone: 217.888.8585

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 6/13/2026 at 6:03am. 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.

506 W William Street

Champaign, Illinois 61820