Champaign IL Homes for Rent
- Type:
- Single Family
- Sq.Ft.:
- 1,511
- Status:
- Active
- Beds:
- 3
- Year built:
- 1912
- Baths:
- 1.00
- MLS#:
- 12425017
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Courtesy: The Real Estate Group,Inc
217-607-2634
ADDITIONAL INFORMATION
This is an investment opportunity for you. The main level harbors 3 bedrooms, potentially 4 if you convert the attic above, and let's talk about the efficiency apartment already built into the basement. You could live on the main level and rent out the apartment below, which has its own walkout entrance. Take a seat on the front porch and watch the wonders of the U of I college campus only feet away. Walk up the street to the Champaign public library or cross the street and exercise at the anytime gym. Theres plenty of nearby restaurants. This place will need some TLC so bring your vision.
$3,000,000
505 E University Avenue Champaign, IL 61820
- Type:
- General Commercial
- Sq.Ft.:
- 13,050
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Baths:
- MLS#:
- 12402207
View additional info
Courtesy: The Real Estate Group,Inc
217-607-2634
ADDITIONAL INFORMATION
Located at 505-507 E. University Avenue in Champaign, Illinois, this versatile 3,600-square-foot multi-tenant building presents a prime investment opportunity. The property is currently occupied by a liquor store, an international fast-food restaurant, and a therapy center, offering an attractive mix of tenants that appeal to a broad customer base. The available space is delivered in vanilla box condition, allowing future tenants to customize the interior to suit their operational needs. The site offers excellent visibility along University Avenue, one of the busiest east-west thoroughfares in the area, providing outstanding exposure and consistent vehicle and pedestrian traffic. Ample on-site parking enhances accessibility for both tenants and customers, making it a convenient destination for retail, service, or professional office users. Additionally, the property's location near the University of Illinois campus, Carle Foundation Hospital, and OSF Heart of Mary Medical Center further bolsters its appeal by attracting a diverse population of students, medical professionals, and visitors. With a CG - Commercial General zoning designation, this property supports a wide range of commercial uses. Its central location in a densely populated area surrounded by businesses and residential neighborhoods makes it an ideal opportunity for both owner-users and investors looking to capitalize on Champaign's strong economic and demographic growth.
$2,400,000
112 W Hill Street Champaign, IL 61820
- Type:
- Mixed Use
- Sq.Ft.:
- 18,576
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1897
- Baths:
- MLS#:
- 12264247
View additional info
Courtesy: Coldwell Banker R.E. Group
217-351-1988
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.
$3,850,000
41 E. University Avenue Champaign, IL 61820
- Type:
- Mixed Use
- Sq.Ft.:
- 22,052
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.29 Acres
- Year built:
- 1913
- Baths:
- MLS#:
- 12212107
View additional info
Courtesy: WARD & ASSOCIATES
217-355-1000
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.
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Champaign Real Estate
The median home value in Champaign, IL is $198,250. This is higher than the county median home value of $177,400. The national median home value is $338,100. The average price of homes sold in Champaign, IL is $198,250. Approximately 38.5% of Champaign homes are owned, compared to 48.88% rented, while 12.62% are vacant. Champaign real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Champaign real estate agent to arrange a tour today!
Champaign, Illinois 61820 has a population of 88,343. Champaign 61820 is more family-centric than the surrounding county with 31.19% of the households containing married families with children. The county average for households married with children is 30.63%.
The median household income in Champaign, Illinois 61820 is $52,687. The median household income for the surrounding county is $56,939 compared to the national median of $69,021. The median age of people living in Champaign 61820 is 26.9 years.
Champaign Weather
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 40.7 inches per year, with 20.3 inches of snow per year.