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    Champaign, IL Residential Income Properties for Sale

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    Downtown Champaign Mixed-Use Building
    Updated: Feb 10
    Downtown Champaign Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    $1,250,000
    5,865 sqft 0.08 AC lot
    Prime downtown location in Champaign's central business district (CB2 zoning).
    Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
    First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
    Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
    Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.
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    This listing looks promising.

    Here's a quick look at some key insights for

    320 N Neil Street, Champaign, IL 61820

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $66K
      Annual

    • Mortgage

      $1M
      Aug 2023

    • Last Sold

      Aug 2023
      $1.25M
    View Property Analytics
    Four-Unit Residential Income Building
    Updated: May 10
    Four-Unit Residential Income Building

    403 W Columbia Avenue, Champaign, IL 61820

    $274,000
    0.20 AC lot
    4‑unit multi‑family building with a mix of 1 bedroom/1 bathroom units
    Units are numbered 1, 3, 4, and 5 (4 total units)
    Rent increases on 3 of the 4 leases have already been agreed upon
    Built in 1898
    Public water and public sewer
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    Turnkey 9-Unit Multifamily Investment
    Turnkey 9-Unit Multifamily Investment

    613 W Church Street, Champaign, IL 61820

    $415,000
    0.19 AC lot

    Fully renovated 9-unit mix with private bathrooms and an on-site laundry room, supported by executed leases.

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    Duplex with Basement and Garage
    Duplex with Basement and Garage

    506 W William Street, Champaign, IL 61820

    $225,000
    1,282 sqft

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

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Versatile Commercial Property in Champaign
    Versatile Commercial Property in Champaign

    1069 County Road 900, Champaign, IL 61822

    $949,900
    5.00 AC lot

    Warehouse, office, acreage, and single-family rental near I-57.

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    Champaign Multifamily Property For Sale
    Champaign Multifamily Property For Sale

    1011 W CHURCH Street, Champaign, IL 61821

    $239,900
    0.22 AC lot

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

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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    1013 W Church Street, Champaign, IL 61820

    $249,900

    Six-unit building offers two one-bedroom units and four efficiency units with kitchens and full bathrooms.

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    Union Street Duplex Investment
    Union Street Duplex Investment

    1615-1617 West Union Street, Champaign, IL 61821

    $320,000
    2,260 sqft

    Two attached units on West Union include attached 1-car garages, eat-in kitchens with deck access, and in-unit laundry closets.

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    1913 Historic Mixed-Use Building
    1913 Historic Mixed-Use Building

    41 E. University Avenue, Champaign, IL 61820

    $3,850,000
    0.29 AC lot

    Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential space.

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    6-Unit Apartment Building with Garage
    6-Unit Apartment Building with Garage

    1013 West Church Street, Champaign, IL 61821

    $249,900

    Six-unit building features two 1-bedroom apartments, four efficiency units, an unfinished basement, and a detached 2-car garage.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    112 W Hill Street, Champaign, IL 61820

    $1,995,000

    Historic downtown Champaign building with residential apartments and commercial tenant space, updated systems, and sprinkler fire protection.

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    Spacious Townhomes Near University
    Spacious Townhomes Near University

    1801 West John Street, Champaign, IL 61821

    Contact for pricing

    45-unit townhome community near the University of Illinois.

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    Student Housing Apartment Building
    Student Housing Apartment Building

    203 E Stoughton St, Champaign, IL 61820

    Contact for pricing

    24 fully furnished one-bedroom units each include an in-unit washer/dryer and flat screen TV.

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    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    110-120 N Neil St, Champaign, IL 61820

    Contact for pricing

    Mixed-use property with commercial businesses, residential lofts, and an adjacent patio/courtyard lot.

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    Based on your search, we've compiled 72 Potential Opportunities for your consideration. Besides 14 Active listings in Champaign, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 50 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    52-Pad Mobile Home Community
    52-Pad Mobile Home Community

    1 Mahoning Ave, Rantoul, IL 61866

    $2,100,000
    186,436 sqft

    52-pad mobile home community with 49 occupied, municipal water and sewer, and off-street parking for residents.

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    Urbana Multifamily Investment Opportunity
    Urbana Multifamily Investment Opportunity

    709 W Nevada Street, Urbana, IL 61801

    $589,000
    0.18 AC lot

    Well-maintained 5-unit property near University of Illinois campus.

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    10-Bedroom Rooming House
    10-Bedroom Rooming House

    805 W Oregon Street, Urbana, IL 61801

    $349,900

    Leased 10-bedroom rooming house in Urbana with parking and a lease term through July 2027.

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    Residential Income Property
    Residential Income Property

    8 Mahoning Ave, Rantoul, IL 61866

    Contact for pricing

    For sale with assumable agency financing featuring 4.12% interest and four additional years of interest-only payments.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Greencroft Homesite Near Country Club
    Greencroft Homesite Near Country Club

    21 Greencroft Drive, Champaign, IL 61821

    $375,000
    0.54 AC lot

    Luxury homesite in established community near Champaign Country Club.

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    Prime Land Near University
    Prime Land Near University

    1301 N Lincoln Avenue, Urbana, IL 61801

    $1,200,000
    3.12 AC lot

    3.12-acre parcel near the University of Illinois.

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    Urbana Land For Sale
    Urbana Land For Sale

    402 W Griggs Street, Urbana, IL 61801

    $599,000
    1.08 AC lot

    Commercial land available in Urbana, Illinois.

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    Wooded Land in Urbana, Illinois
    Wooded Land in Urbana, Illinois

    Raintree Woods Drive lot: 9, Urbana, IL 61802

    $117,500
    1.00 AC lot

    One acre of wooded land near Urbana, ideal for building.

    View details

    Off-Market Properties in Champaign, IL

    Consider similar Off-Market properties in Champaign, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    105 Armory Ave
    BOARDING/ROOMING HOUSE

    105 Armory Ave, Champaign, IL 61820-6614

    $2,000,000
    Estimated value
    View details
    303 John St
    BOARDING/ROOMING HOUSE

    303 John St, Champaign, IL 61820-5612

    $2,100,000
    Estimated value
    View details
    4809 Windsor Rd
    MOBILE HOME PARK, TRAILER PARK

    4809 Windsor Rd, Champaign, IL 61822-9206

    $8,955,000
    Estimated value
    35.00 AC lot
    View details
    1301 Leverett Rd
    MOBILE HOME PARK, TRAILER PARK

    1301 Leverett Rd, Champaign, IL 61822-9412

    Value Estimation by Request
    5.70 AC lot
    View details
    208 Daniel St
    BOARDING/ROOMING HOUSE

    208 Daniel St, Champaign, IL 61820-6015

    $5,775,000
    Estimated value
    View details
    301 Armory Ave
    BOARDING/ROOMING HOUSE

    301 Armory Ave, Champaign, IL 61820-6701

    Value Estimation by Request
    View details
    515 Edgebrook Dr
    MOBILE HOME PARK, TRAILER PARK

    515 Edgebrook Dr, Champaign, IL 61820-2186

    Value Estimation by Request
    View details
    565 County Rd 1600th N
    MOBILE HOME PARK, TRAILER PARK

    565 County Rd 1600th N, Champaign, IL 61822-8603

    Value Estimation by Request
    0.82 AC lot
    View details
    565 County Rd 1600th N
    MOBILE HOME PARK, TRAILER PARK

    565 County Rd 1600th N, Champaign, IL 61822-8603

    Value Estimation by Request
    1.78 AC lot
    View details
    611 Daniel St
    BOARDING/ROOMING HOUSE

    611 Daniel St, Champaign, IL 61820-6213

    Value Estimation by Request
    View details

    Champaign, IL Residential Income Properties Market Trends and Statistics

    Explore 64 residential income properties for sale in Champaign, IL, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 9,407 square feet of properties for sale, with an estimated market value of $1,795,000.

    Sale prices for residential income properties in Champaign, IL start at $225,000, averaging $598,333, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 12
    Apartment buildings 8
    Duplexes 2
    Quadplexes 2
    Single family properties 1

    Demographics Overview

    Population 96K
    Population Growth (5Y) +1.5%
    Median Household Income $62,086
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Champaign submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61821 $235K
    61822 $1.1M
    61820 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 8.86%
    Property Tax per SF $37.00 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Champaign fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Champaign, IL

    • 61820
    • 61821
    • 61822

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