Champaign, IL 61820 617 W Springfield Avenue

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Presented By: KELLER WILLIAMS-TREC
  • MLS# 12485512
  • 10/05/2025
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  • Beds • 5

Home Details

Expand your rental portfolio with 617 W Springfield, a 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three units have long-term tenants (with the potential for rent increases.) Significant updates include full exterior repainting, back porch upgrades, a new water heater, a new furnace, and landscaping improvements, all of which enhance both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are included in a monthly utility charge that is part of the rent. A solid investment opportunity in a prime location!
Presented By: KELLER WILLIAMS-TREC

Interior Features for 617 W Springfield Avenue

Other Interior Features

BasementUnfinished

General for 617 W Springfield Avenue

Additional Parcels Y/NNo
Cap Rate14
CityChampaign
CoolingWindow Unit(s)
CountyChampaign
Current UseMulti-Family
DirectionsSPRINGFIELD AVE. BETWEEN NEIL AND PROSPECT
ElectricCircuit Breakers, Separate Meters
Electric Expense1200
Fuel Expense2819
Gross Income54756
Insurance Expense1200
MLS AreaChampaign, Savoy
MaintenanceExpense
ModificationTimestamp2025-10-11T05:07:09.046Z
Net Operating Income42064
Number Of Units Total5
Operating Expense8714
PossessionTenant's Rights
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount3978.3
Tax Year2024
Tenant PaysElectricity
TownshipChampaign
Trash Expense2045
Water Sewer Expense1450
Year Built1903
ZoningMULTI

Exterior for 617 W Springfield Avenue

Lot Dimensions60X132
Lot Size Acres0.18

Additional Details

Price History

Client Care

Price $299,900
MLS#12485512
List Date 10/05/2025
Property Type Multi-Family
Phone 847.485.2500
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