Champaign IL Homes for Rent

ADDITIONAL INFORMATION

Properties like this almost never come available in downtown Champaign. Created by combining two units into one expansive residence, this nearly 3,500 sq ft custom home at M2 delivers a scale of urban living that is rarely found in the local market. With 3 bedrooms, 2.5 baths, and an open, flowing layout, the home offers the comfort of a single-family home while placing you steps from the energy of downtown. The main living space is filled with natural light from dramatic floor-to-ceiling windows, framing beautiful east-facing city views. Two private balconies provide ideal spaces to start the day with coffee or unwind in the evening while overlooking downtown Champaign. At the heart of the home, the gourmet kitchen was designed with entertaining in mind, featuring granite countertops, stainless steel appliances, and a full bar with generous seating that naturally becomes the gathering place for friends and family. The primary suite serves as a private retreat, complete with an oversized custom walk-in closet system and a spacious tiled shower. A flexible bonus room adds valuable versatility, perfect for a home office, fitness space, or guest room with its built-in Murphy bed. Modern comforts include energy-efficient heat pump HVAC, ventless dryer, secure FOB-access building entry, and the added convenience of association-covered HVAC filter replacement. Located just 1.5 miles from the University of Illinois, M2 offers easy access to campus, dining, entertainment, and major Midwest connections. With optional on-site office spaces available, it's possible to truly live, work, and entertain all in one place. For buyers seeking a truly distinctive downtown residence, this is a rare opportunity.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

A remarkable Mid-Century Modern era residence with a classic, gracious floor plan and period details that cannot be replaced. Positioned on Fairway Drive across from the country club and minutes from the University of Illinois, this home sits on a magnificent landscaped lot and offers a thoughtful blend of architecture, comfort, and high-quality updates. The main level begins with a sunlit living room featuring a corner fireplace and seamless flow into the dining area. From there, the home opens to a vaulted screened porch (12 x 18), an architectural highlight with a soaring ceiling, wood arches, and direct access to tiered Ipe wood decking. Indoor and outdoor entertaining feel effortless here. The gourmet kitchen is both striking and functional, anchored by a central island with GE Profile gas cooktop and Boos counters. KitchenAid double ovens support larger gatherings, while a standout pantry system by California Closets provides exceptional storage and organization. Adjacent to the kitchen, a charming family room adds everyday livability and keeps guests connected to the heart of the home. The second level features two oversized bedrooms paired with two remodeled baths. The primary bedroom is filled with east and south light through large window panels and includes two separate California Closets storage systems. The primary suite bath rivals new construction, highlighted by a skylite, expansive shower with bench seating and classic tile finishes. The lower level provides another suite with abundant closets and a bath with whirlpool tub, plus a laundry room with tub, furnace closet, new water heater 2026 and additional utility space. An oversized garage and turnaround driveway complete this impressive offering.

ADDITIONAL INFORMATION

Prime mixed-use property located in the heart of downtown Champaign at 320 N Neil St. Zoned CB2 (Central Business Downtown), this two-story masonry brick building offers 5,865 SF above grade plus a 1,620 SF basement. The first floor is configured for nightclub/bar use and features a 28' bar, sprinkler and alarm systems, handicap-accessible entrance and restrooms, emergency lighting, mezzanine areas, and strong mechanical infrastructure. The basement provides storage, a walk-in cooler, and mechanical space with interior and rear access. The second floor includes a well-maintained two-bedroom, two-bath apartment with 14' ceilings, fireplace, and separate HVAC and electrical service. The apartment is currently leased for $1,800 per month with a lease in place through 07/31/2026, providing built-in rental income to help offset operating costs of the commercial space below. Located among downtown restaurants, nightlife, and mixed-use development.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

This third-floor unit offers abundant natural light and is move-in ready-perfect for enjoying downtown Champaign living. Laundry and storage are located in the basement. Monthly fee covers taxes, insurance, heat, water, exterior upkeep, lawn care, snow removal, and trash, along with planned building improvements. Schedule your showing today to make this cutie yours!

ADDITIONAL INFORMATION

Make #9 Your New Favorite Number! This Impeccable Unit Is Full Of Charm & Has Been Tastefully Updated. On A Brick Paved, Tree Lined Street - Just A Block From Westside Park & Close To Downtown. Warm Wood Floors, French Doors, Crown Molding, Built In, Nice Storage Including A Unit In The Basement. A Mini Split Was Added To The Bedroom In 2025 To Increase Comfort. You'll Love The Secure Building & Ease Of Co-Op Style Living. The Monthly Fees Include Your Heat, Water, WiFi, Trash, Lawncare, Snow Removal, Building Maintenance & Insurance, Common Area Laundry, And On Site Management. Fall Is A Perfect Time For Enjoying The Balcony! In The Heart Of Champaign With Many Amenities Nearby.

ADDITIONAL INFORMATION

Great return on investment. Business for sale. No Real Estate. Illini Pantry is a well known liquor store in the heart of campus. Current lease has 7 years remaining with another 10 year option. There is $750,000 - $800,000 in inventory that is not part of the sales price that would be added to the price based on actual inventory at closing.

ADDITIONAL INFORMATION

Available for sale or lease at a negotiable rate! Seller is very flexible. Truly a unique location and property, this standalone bi-level retail facility, set on half an acre, and positioned on a prime out lot of Champaign County's foremost shopping hub, the Market Place Mall. Originally established as a bank, the property underwent a comprehensive reconstruction in 2006 and boasts a 3,100 sq. ft. basement with 12 ft. ceiling heights, which is not factored into the overall 5,500 sq. ft. footprint. This supplementary space is ideal for back-end operations as well as inventory and storage needs. As a result, the main level is primarily devoted to sales, featuring strategically placed stockrooms and restrooms. The owners have thoughtfully reimagined the property to highlight an exquisite central showroom area. Please reach out to arrange a viewing and explore the space in person.

ADDITIONAL INFORMATION

Excellent 3 bedroom 2 bathroom home in convenient location! Remodeled kitchen and bathrooms along with original character of the victorian style! Super unique detached accessory building that is a blank slate of finished heated space. Turn it into a garage, dwelling unit or workshop! Fenced in yard with newer wood privacy fence. Currently rented for $1485/month through Summer 2026. Sold as-is.

ADDITIONAL INFORMATION

Vacant 14 room building designed in a group home style. Recent updates include interior finishes and mechanicals. Blocks away from UIUC and downtown Champaign. Ideal for lease-up or repositioning.

ADDITIONAL INFORMATION

Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck and just steps away from downtown restaurants and night-life. This historic turn of the century, architecturally significant Richardsonian building features residential multi-family and commercial tenant spaces. The building, once owned by Senator McKinley, began life as "The Women's Town Club" hotel, and now is home to Buzard Pipe Organ Builders, LLC. There are currently 6 unique luxury 2-bedroom residential apartments ranging from 980 to 1400 sqft which are 100% leased. The commercial space is currently occupied by the owner/business. Updates include zoned HVAC, 800 Amp electrical service, all new plumbing, 2 elevators (1 recently added freight and 1 historic passenger), new roof, thermopane windows, brick tuck-pointing, restored vintage and reproduction light fixtures, doors and windows, preserved tile flooring and original woodworking throughout. The entire building is fire-protected by a sprinkler system, and the ceiling separating the commercial space from the residential apartments above has a 2-hour fire rating. The first and second floor commercial space could be leased as a whole or split into multiple spaces. The existing apartments on the 3rd and 4th floors have room for significant monthly rent increases, and additional residential units could be added. They have cherry cabinets and high-end finishes, with some including tin ceilings and 100+-year-old pine floors. New windows were recently installed, and each unit features a washer and dryer. Unit 302 is multi-story in design, with the second bedroom accessible via a spiral staircase. The commercial space features a three story tall back loft which was opened from the first floor to the top of the 3rd floor. This building has endless opportunities including a potential event center space with ample parking in the parking deck. Because this building has been labeled a Historic Landmark, both federal and state historical tax credits are available for future renovation and construction expenses. Contact the listing agent for additional details on the potential hundreds of thousands of dollars (up to 45% of your improvements costs) available depending upon the project scope.

ADDITIONAL INFORMATION

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.