506 W William Street, Champaign, IL 61820

Building Details

Year Built

1923

Listing office Trautman Real Estate Agency & Appraisal, LLC p***@gmail.com Show Phone

Listing date Jun 13, 2026

Source Crexi

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 Trautman Real Estate Agency & Appraisal, LLC

Report an issue

---

Overview

This duplex offers two separate living units with a full basement, covered porches, and central air conditioning. The main level is a two-bedroom, one-bath unit, while the upper level is a studio apartment. A detached one-car garage supports convenient resident parking, and the property also includes additional off-street parking.

The property is located in an established Champaign neighborhood near downtown and the University of Illinois, placing it within a reasonable distance to both employment and campus-area demand.

As presented in the listing, current rents are below market, which may appeal to buyers looking to align income with expectations through future ownership decisions. The layout also allows an owner-occupant option, with the possibility of living in one unit while renting the other, depending on how the duplex is configured for daily use. Overall, it’s a straightforward income-property format with practical indoor comfort features and resident parking.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

• Map
• Local Demand

City

Champaign

County

Champaign

State

Illinois

Longitude

-88.25081

Latitude

40.10699

Nearby Similar for Sale

• 

  $850,000

  6,200 SF

  Commercial Building with Established Tenants

  6,200 SF commercial building with three tenants in place.

  1205 S Mattis Avenue, Champaign, IL 61821

  View Details
• 

  $698,000

  5,700 SF

  Retail-Office Building with Overhead Door

  Versatile retail and office building with warehouse space and a large overhead garage door for flexible tenant use.

  909 W Bloomington Road, Champaign, IL 61821

  View Details
• 

  $1,250,000

  5,865 SF

  Downtown Champaign Mixed-Use Building

  Prime mixed-use property in downtown Champaign with rental income.

  320 N Neil Street, Champaign, IL 61820

  View Details
• 

  $2,300,000

  13,580 SF

  Champaign Commercial Building For Sale

  13,580 SF commercial building in Champaign, Illinois for sale.

  2301 W Bradley Avenue, Champaign, IL 61821

  View Details
• 

  $1,250,000

  7,800 SF

  Commercial Property with Residential Home

  10-acre commercial property with income, residential home, expansion potential.

  3612 W Bloomington Road, Champaign, IL 61822

  View Details
• 

  $274,000

  Four-Unit Residential Income Building

  Four 1-bedroom units provide a straightforward rental income setup with an established history.

  403 W Columbia Avenue, Champaign, IL 61820

  View Details
• 

  $239,900

  Champaign Multifamily Property For Sale

  Four-unit property with updates and redevelopment potential in Champaign, IL.

  1011 W CHURCH Street, Champaign, IL 61821

  View Details
• 

  Contact for pricing

  5,500 SF

  Bi-Level Retail Facility For Sale

  Unique bi-level retail facility on prime shopping hub outlot.

  6 Convenience Center Road, Champaign, IL 61820

  View Details
• 

  $650,000

  3,160 SF

  Freestanding Retail/Office Building for Lease

  Freestanding retail/office building in Champaign, subject to Savoy Zoning.

  2103 N Dunlap Ave, Champaign, IL

  View Details
• 

  $299,000

  Retail Service and Office Building

  Flexible retail, service, and office layout set on a large parcel with ample parking at a high-traffic intersection.

  1207 N Mattis Avenue, Champaign, IL 61821

  View Details
• 

  $249,900

  Champaign Multifamily Building For Sale

  Six-unit building in Champaign, ideal for future development.

  1013 W Church Street, Champaign, IL 61820

  View Details
• 

  $230,000

  All-Brick Duplex in Champaign, IL

  Well-maintained duplex with hardwood floors and strong rental history.

  1210-1212 Julie Drive, Champaign, IL 61821

  View Details

FAQs

What type of property is this?

Duplex - Two-unit duplex with basement, covered porches, central air, and detached garage plus off-street parking.

Where is this duplex located?

The property is located at 506 W William Street Champaign, IL.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Two‑unit duplex built in 1923 with main‑level 2‑bedroom, 1‑bath unit and an upper‑level studio apartment; Approx. 1,282 sq ft of living space with a full basement; Central air conditioning plus covered porches