112 W Hill St

Champaign, IL 61820

$2,400,000
Price
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a view of a car park in front of house
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a living room with furniture and wooden floor
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a view of a workspace with furniture and a window
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Description

Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck and just steps away from downtown restaurants and night-life. This historic turn of the century, architecturally significant Richardsonian building features residential multi-family and commercial tenant spaces. The building, once owned by Senator McKinley, began life as "The Women's Town Club" hotel, and now is home to Buzard Pipe Organ Builders, LLC. There are currently 6 unique luxury 2-bedroom...Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck and just steps away from downtown restaurants and night-life. This historic turn of the century, architecturally significant Richardsonian building features residential multi-family and commercial tenant spaces. The building, once owned by Senator McKinley, began life as "The Women's Town Club" hotel, and now is home to Buzard Pipe Organ Builders, LLC. There are currently 6 unique luxury 2-bedroom residential apartments ranging from 980 to 1400 sqft which are 100% leased. The commercial space is currently occupied by the owner/business. Updates include zoned HVAC, 800 Amp electrical service, all new plumbing, 2 elevators (1 recently added freight and 1 historic passenger), new roof, thermopane windows, brick tuck-pointing, restored vintage and reproduction light fixtures, doors and windows, preserved tile flooring and original woodworking throughout. The entire building is fire-protected by a sprinkler system, and the ceiling separating the commercial space from the residential apartments above has a 2-hour fire rating. The first and second floor commercial space could be leased as a whole or split into multiple spaces. The existing apartments on the 3rd and 4th floors have room for significant monthly rent increases, and additional residential units could be added. They have cherry cabinets and high-end finishes, with some including tin ceilings and 100+-year-old pine floors. New windows were recently installed, and each unit features a washer and dryer. Unit 302 is multi-story in design, with the second bedroom accessible via a spiral staircase. The commercial space features a three story tall back loft which was opened from the first floor to the top of the 3rd floor. This building has endless opportunities including a potential event center space with ample parking in the parking deck. Because this building has been labeled a Historic Landmark, both federal and state historical tax credits are available for future renovation and construction expenses. Contact the listing agent for additional details on the potential hundreds of thousands of dollars (up to 45% of your improvements costs) available depending upon the project scope.

Property Details for 112 West Hill Street

Area
Champaign, Savoy
Township
Champaign
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 10/12/2025 12:06 AM

Property Details for 112 West Hill Street

StatusActive
MLS #12264247
Days on Market329
Taxes$32,115 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1897
Lot Size0.23 AC / 9,955 SF
CountyChampaign County

Location

Listing Courtesy of Coldwell Banker R.E. Group
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Building Information for 112 West Hill Street

Stories4Residences7Year Built1897Lot Size0.23 AC / 9,955 SF

Payment Calculator

$14,536 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,859

Property Taxes

$2,676

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 112 West Hill Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Central Illinois
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Over 600 Amps
  • Flooring: Tile, Wood
  • # Of Washers: 6
  • Heat/Ventilation: Forced Air,Hot Water
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Employee Kitchen,Elevator/s Freight,Accessible Entrance,Accessible Washroom/s,Multi-Tenant,Private Restroom/s,Public Restroom/s,Basement
  • # Of Dryers: 6
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 77' X 132'
  • Lot Size Square Feet: 9955.0
  • Stories: 4
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Sprinklers
  • Building Area Total: 18576
  • # Of Offices: 13
  • Other SqFt: 4932
  • # Of Ranges: 6
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Development, Multi-Family
  • Public Document Count: 2
  • Document Date: 2025-01-29T00:42:24
  • Photos Count: 72
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Mixed Use Area,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $14,400.00
  • Fuel Expense: $.00
  • Gross Income: $277,116.00
  • Gross Scheduled Income: $277,116.00
  • Insurance Expense: $15,000.00
  • Expense Year: 2024
  • Insurance Expense Source: Actual
  • Total Monthly Income: 23093
  • Other Expense: $10,000.00
  • Trash Expense: $1,030.00
  • Water Sewer Expense: $.00

Property History for 112 West Hill Street

DateEvent & SourcePriceAppreciation
Oct 6, 2025

Price Change

MRED #12264247

$2,400,000—
Mar 19, 2025

Price Change

MRED #12264247

$2,875,000—
Jan 29, 2025

Listed (Active)

MRED #12264247

$3,175,000—
DateEvent & SourcePrice
10/06/2025

Price Change

MRED #12264247

$2,400,000
03/19/2025

Price Change

MRED #12264247

$2,875,000
01/29/2025

Listed (Active)

MRED #12264247

$3,175,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 112 West Hill Street

Taxable ValueLand$55,100Additions$335,930Total$391,030
Tax Record2024$34,100 ($2,842 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCHAMPAIGNAPN422012407011

Schools near 112 West Hill Street

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Actions Program
Public - K to 12
Central High School
Public - 9 to 12
Carrie Busey Elementary School
Public - K to 5
Vernon L Barkstall Elementary School
Public - K to 5
Rating
School
Distance
Actions Program
PublicK to 12

Central High School
Public9 to 12

Carrie Busey Elementary School
PublicK to 5

Vernon L Barkstall Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 112 West Hill Street, Champaign, IL 61820

112 West Hill Street is a mixed use property for sale in Champaign, IL 61820. This property was listed for sale on January 29, 2025 by Coldwell Banker R.E. Group, it's currently listed at $2,400,000. This listing's school district is Champaign Community Unit School District 4. Nearby schools include Actions Program, Central High School and Carrie Busey Elementary School. 112 West Hill Street is a 0-bed, 0-bath, mixed use property built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker R.E. Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/12/2025 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.