Union Street Duplex
1615-1617 West Union Street Champaign, IL 61821
1615-1617 West Union Street, Champaign, IL, 61821
$320,000
For Sale
$320,000
Two attached units on West Union include attached 1-car garages, eat-in kitchens with deck access, and in-unit laundry closets.
Property Size2,260 SF
Price / SF$141.59
Days on Market59
Property Features for 1615-1617 West Union Street
General Information
- Standard status
- Active
- Size
- 2,260 SF
- Property subtype
- Two to Four Units / 1 Story Unit/S
Building Details
- Year Built
- 1998
Listing Agency
Brenda Keith Realty INC
(217) 377-2401
Listed by
Brenda Keith · License #471020707
(217) 377-2401
Source
Compass
Added: May 21 Checked: Jul 18 at 2:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brenda Keith Realty INC
Investment Insights
Based on property information with market context.
This duplex includes two attached residential units located at 1615 and 1617 West Union Street. Each unit features two carpeted bedrooms and an eat-in kitchen with access to a deck, along with a laundry closet and a sizable living room. Unit 1615 offers 1.5 baths, while Unit 1617 offers 2 full baths and a fireplace in the living room. Both units include built-in kitchen appliances that stay with the property, and each has an attached 1-car garage.
The property is described as being close to businesses and right off Springfield, Mattis, and I-72.
The information provided notes a private primary bedroom full bath with a walk-in shower in both units, with Unit 1617 also including a walk-in closet. The remarks also state that some cabinets, window treatments, and a washer/dryer in Unit 1615 belong to the tenant, and that Unit 1617 has a brand-new microwave.
The property is described as being close to businesses and right off Springfield, Mattis, and I-72.
The information provided notes a private primary bedroom full bath with a walk-in shower in both units, with Unit 1617 also including a walk-in closet. The remarks also state that some cabinets, window treatments, and a washer/dryer in Unit 1615 belong to the tenant, and that Unit 1617 has a brand-new microwave.
Key Highlights
- Duplex built in 1998 with two attached units on W Union.
- Each unit includes an attached 1‑car garage plus an eat‑in kitchen with access to a deck.
- Unit 1615 offers 2 bedrooms and 1.5 baths, with a private primary full bath (walk‑in shower).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $12.60 |
| − Vacancy | −$1.6k | −$0.69 |
| EGI | $26.9k | $11.91 |
| − OpEx | −$8.1k | −$3.57 |
| NOI | $18.8k | $8.33 |
2,260 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.1K
$235.5K – $314.0K
NOI $18,837 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,429 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$470.2K
$411.4K – $548.6K
NOI $32,913 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two attached units on West Union include attached 1-car garages, eat-in kitchens with deck access, and in-unit laundry closets.
Where is this duplex located?
The property is located at 1615-1617 West Union Street Champaign, IL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex built in 1998 with two attached units on W Union.; Each unit includes an attached 1‑car garage plus an eat‑in kitchen with access to a deck.; Unit 1615 offers 2 bedrooms and 1.5 baths, with a private primary full bath (walk‑in shower).
