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617 W Springfield Ave Champaign, IL 61820

New
Under Contract
For Sale
$299,900

Commercial Sale - Champaign, IL

Lot size:
0.18 Acres
Days on Market:
3
Last Refresh:
Dec 6 at 4:06 pm

Property Features for 617 W Springfield Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
Zoning
MULTI
APN
432013126003
Lot size
0.18 Acres

Utilities

Cooling system
Multi Units, Window Unit(s)

Building Details

Year built
1903
Number of units
5
Architectural style
Other

Keller Williams The Real Estate Center of Illinois, LLC (217) 356-6100 [email protected]

Listing agent Joe Zalabak (217) 356-6100 License #475151471

Listing date Dec 4, 2025

MLS# 12485512 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

Champaign Multifamily Investment Opportunity

Located minutes from downtown Champaign, 617 W Springfield is a five-unit building, each featuring one bedroom, a kitchen, and a bathroom. Two of the units have been recently remodeled. The remaining three units are occupied by long-term tenants, presenting opportunities for rent increases. The property has undergone several updates, including a full exterior repainting, back porch upgrades, a new water heater, a new furnace, and landscaping improvements. These enhancements contribute to the property's curb appeal and longevity. A coin-operated laundry is located in the basement. Each unit has individually metered electricity. Water, sewer, and natural gas are included in a monthly utility charge that is part of the rent. The property is zoned MULTI and situated on a 0.18-acre lot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.253805
Latitude
40.112358

FAQs

What type of property is this?
Apartment building - Five-unit building near downtown Champaign with recent upgrades.
Where is this apartment building located?
The property is located at 617 W Springfield Ave Champaign, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: - Prime location minutes from downtown Champaign.; - Five individual one-bedroom units, each with its own kitchen and bathroom.; - Two recently remodeled units.
More about this property
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