Champaign, IL 61820 617 W Springfield Avenue
$299,900



5 more





Presented By: KELLER WILLIAMS-TREC
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
