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    1507 N Mckinley Ave Champaign, IL 61821

    Picture of Duplexes at N Mckinley Ave 1507, Champaign, IL
    For Sale
    $175,000

    Residential Income - Champaign, IL

    Days on Market:
    32
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 1507 N Mckinley Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    412002407031
    Parking
    4

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1968
    Architectural style
    Other

    The Real Estate Group LLC (217) 898-9204 [email protected]

    Listing agent Carol Meinhart (217) 898-9204 License #475127814

    Listing date Nov 7, 2025

    MLS# 12452438 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Residential Income Property

    This two-unit property in Champaign, Illinois, presents an investment opportunity with rental potential. Each unit features two bedrooms and one bathroom. The property is currently leased, providing immediate income for investors. The units offer a functional layout and a spacious living area. The property also includes a nice-sized yard. Its location provides convenient access to shopping, dining, and public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.26305
    Latitude
    40.1318285

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with strong rental potential, currently leased.
    Where is this duplex located?
    The property is located at 1507 N Mckinley Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Leased Property: Provides immediate and steady rental income; - Investment Opportunity: Strong rental potential for long-term value; - Two Units: Offers dual income streams
    (217) 898-9204
    Request Owner's contact information
    1507 N Mckinley Ave Champaign, IL 61821
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1507 N Mckinley Ave Champaign, IL 61821
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