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    Downtown Champaign Mixed-Use Building
    Updated: Feb 10
    Downtown Champaign Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    $1,250,000
    5,865 sqft 0.08 AC lot
    Prime downtown location in Champaign's central business district (CB2 zoning).
    Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
    First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
    Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
    Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.
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    This listing looks promising.

    Here's a quick look at some key insights for

    320 N Neil Street, Champaign, IL 61820

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $66K
      Annual

    • Mortgage

      $1M
      Aug 2023

    • Last Sold

      Aug 2023
      $1.25M
    View Property Analytics
    Turnkey 9-Unit Multifamily Investment
    Updated: Mar 5
    Turnkey 9-Unit Multifamily Investment

    613 W Church Street, Champaign, IL 61820

    $415,000
    0.19 AC lot
    9‑unit building built in 1890 with 6 SRO units and 3 studio apartments (private bathrooms in each unit).
    Documented income: $56,400 gross over the past 12 months (~$4,700/month average collected).
    Current leases support $5,400/month at full occupancy following 2024 renovations.
    Renovations in 2024 include major roof repairs, new electric water heater, updated kitchenettes and bathrooms, and fresh interior paint.
    On‑site laundry room is already in service, plus secure electronic entry locks and camera systems.
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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    1013 W Church Street, Champaign, IL 61820

    $249,900

    Six-unit building offers two one-bedroom units and four efficiency units with kitchens and full bathrooms.

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    6-Unit Apartment Building with Garage
    6-Unit Apartment Building with Garage

    1013 West Church Street, Champaign, IL 61821

    $249,900

    Six-unit building features two 1-bedroom apartments, four efficiency units, an unfinished basement, and a detached 2-car garage.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    1913 Historic Mixed-Use Building
    1913 Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential space.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    112 W Hill Street, Champaign, IL 61820

    $1,995,000

    Historic downtown Champaign building with residential apartments and commercial tenant space, updated systems, and sprinkler fire protection.

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    Spacious Townhomes Near University
    Spacious Townhomes Near University

    1801 West John Street, Champaign, IL 61821

    Contact for pricing

    45-unit townhome community near the University of Illinois.

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    Student Housing Apartment Building
    Student Housing Apartment Building

    203 E Stoughton St, Champaign, IL 61820

    Contact for pricing

    24 fully furnished one-bedroom units each include an in-unit washer/dryer and flat screen TV.

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    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    110-120 N Neil St, Champaign, IL 61820

    Contact for pricing

    Mixed-use property with commercial businesses, residential lofts, and an adjacent patio/courtyard lot.

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 9 Active listings in Champaign, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Residential Income Property
    Five-Unit Residential Income Property

    716 Robinson Street, Danville, IL 61832

    $129,900
    4,300 sqft

    Residential income property with five units total, including four two-bedroom apartments and one one-bedroom apartment.

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    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    716 Robinson Street, Danville, IL 61832

    $129,900
    0.35 AC lot

    Five rent-ready units include four 2 bed/1 bath apartments and one 1 bed/1 bath unit.

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    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    709 W Nevada Street, Urbana, IL 61801

    $589,000
    0.18 AC lot

    Well-maintained 5-unit property near University of Illinois campus.

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    10-Bedroom Rooming House
    10-Bedroom Rooming House

    805 W Oregon Street, Urbana, IL 61801

    $349,900

    Leased 10-bedroom rooming house in Urbana with parking and a lease term through July 2027.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Off-Market Properties in Champaign, IL

    Consider similar Off-Market properties in Champaign, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    412 Church St
    Multifamily properties

    412 Church St, Champaign, IL 61820

    Value Estimation by Request
    View details

    Champaign, IL Apartment Buildings Market Trends and Statistics

    Explore 10 apartment buildings for sale in Champaign, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 5,865 square feet of properties for sale, with an estimated market value of $1,250,000.

    Sale prices for two-family homes in Champaign, IL start at $1,250,000, averaging $1,250,000, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 96K
    Population Growth (5Y) +1.5%
    Median Household Income $62,086
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Champaign submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61820 $977.5K

    Taxes & Financing

    Tax Rate (average for all types) 8.86%
    Property Tax per SF $37.00 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Champaign fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Champaign, IL

    • 61820
    • 61821

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