Turnkey 9-Unit Multifamily
For Sale
$415,000
613 W Church Street, Champaign, IL 61820
MULTI_FAMILY - Champaign, IL
Lot Size0.19 Acres
Days on Market147
Property Features for 613 W Church Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 9, Bathroom 3
Directions
From Downtown Champaign, West on Church St, property on the left
Subdivision
Champaign, Savoy
Standard status
Active
APN
422012304004
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 2 OF MCLAURIE, LEAL, & CLOKE'D ADDITION
Tax Annual Amount
5868
Legal Description
LOT 2 OF MCLAURIE, LEAL, & CLOKE'D ADDITION
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1890
Floors in Building
2
Number of units
9
Listing Agency:
eXp Realty-Champaign
(888) 574-9405
Listed By:
Mario Reyes
(888) 574-9405
Added: Mar 5
Changed: Jul 28
Last Checked: Jul 30 at 2:06PM
MLS# 12551294
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This turnkey multifamily property is fully renovated and configured as nine total units: six SRO units and three studio apartments. Each unit includes a private bathroom, supporting an efficient live/work style layout. Capital improvements completed in 2024 include major roof repairs, a new electric water heater, updated kitchenettes and bathrooms, fresh interior paint, secure electronic entry locks, and camera systems. An on-site laundry room is already in service, and the property has separate electric meters to streamline utility management.
The building is located at 613 W Church Street in Champaign, Illinois. The listing notes the property is near Downtown Champaign and Westside Park, and adjacent to Champaign Central High School.
For buyers seeking an income-producing, ready-to-operate asset, the seller reports $56,400 in gross income over the past 12 months, along with current leases supporting $5,400 per month at full occupancy following the completion of all renovations in 2024. With repairs and leasing adjustments described as complete, the next owner can step into stabilized operations with a modernized unit mix and systems already addressed.
The building is located at 613 W Church Street in Champaign, Illinois. The listing notes the property is near Downtown Champaign and Westside Park, and adjacent to Champaign Central High School.
For buyers seeking an income-producing, ready-to-operate asset, the seller reports $56,400 in gross income over the past 12 months, along with current leases supporting $5,400 per month at full occupancy following the completion of all renovations in 2024. With repairs and leasing adjustments described as complete, the next owner can step into stabilized operations with a modernized unit mix and systems already addressed.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 9-unit mix with private bathrooms and an on-site laundry room, supported by executed leases.
Where is this apartment building located?
The property is located at 613 W Church Street Champaign, IL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 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.
