617 W Springfield Ave

$299,900
Price
5
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Expand your rental portfolio with 617 W Springfield, a 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three units have long-term tenants (with the potential for rent increases.) Significant updates include full exterior repainting, back porch upgrades, a new water heater, a new furnace, and landscaping improvements, all of which enhance both curb appeal and longevity....Expand your rental portfolio with 617 W Springfield, a 5-unit building located just minutes from downtown Champaign. Each unit is a one-bedroom with its own kitchen and bathroom. Two units have been recently remodeled, while the remaining three units have long-term tenants (with the potential for rent increases.) Significant updates include full exterior repainting, back porch upgrades, a new water heater, a new furnace, and landscaping improvements, all of which enhance both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have individually metered electricity, while water, sewer, and natural gas are included in a monthly utility charge that is part of the rent. A solid investment opportunity in a prime location!
  1. Listed by Joe Zalabak • KELLER WILLIAMS-TREC
    P: (217)-721-5855 C: (217)-721-5855 joe@zalabakhomes.com

Property Details for 617 West Springfield Avenue

Area
Champaign, Savoy
Township
Champaign
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 12/04/2025 10:19 AM

Property Details for 617 West Springfield Avenue

StatusContingent
MLS #12485512
Days on Market61
Taxes$3,978 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1903
Lot Size0.18 AC / 7,840 SF
CountyChampaign County

Location

Listing Courtesy of KELLER WILLIAMS-TREC
Add your commute

Building Information for 617 West Springfield Avenue

Stories3Residences5Year Built1903Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$1,813 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,482

Property Taxes

$332

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 617 West Springfield Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 1
  • Grid: 54
  • Heat/Ventilation: Central Bldg Heat,Forced Air
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 60X132
  • Stories: 3
  • # Of Ranges: 5
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2025-10-06T04:35:23
  • Photos Count: 10
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $2,819.00
  • Gross Income: $54,756.00
  • Gross Scheduled Income: $54,756.00
  • Insurance Expense: $1,200.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 4563
  • Water Expense Source: Actual
  • Net Operating Income: $42,064.00
  • Operating Expense: $8,714.00
  • Other Expense: $.00
  • Trash Expense: $2,045.00
  • Water Sewer Expense: $1,450.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 617 West Springfield Avenue

DateEvent & SourcePriceAppreciation
Dec 3, 2025

Contingent

MRED #12485512

Oct 5, 2025

Listed (Active)

MRED #12485512

$299,900
Mar 15, 2025

Expired

MRED #12149514

$275,000
Oct 18, 2024

Price Change

MRED #12149514

$299,900
Oct 4, 2024

Price Change

MRED #12149514

$335,000
Sep 12, 2024

Listed (Active)

MRED #12149514

$350,000
Aug 25, 2022

Sold (Public Record)

Public Record #1496593336

$115,000

+0.9% / yr

Aug 25, 2022

Sold

MRED #11358129

$115,000
Jul 21, 2022

Pending

MRED #11358129

May 9, 2022

Price Change

MRED #11358129

$199,000
Apr 13, 2022

Price Change

MRED #11358129

$225,000
Mar 26, 2022

Listed (Active)

MRED #11358129

$235,000
Aug 30, 2001

Sold (Public Record)

Public Record #79235020

$95,000
DateEvent & SourcePrice
12/03/2025

Contingent

MRED #12485512

10/05/2025

Listed (Active)

MRED #12485512

$299,900
03/15/2025

Expired

MRED #12149514

$275,000
10/18/2024

Price Change

MRED #12149514

$299,900
10/04/2024

Price Change

MRED #12149514

$335,000
09/12/2024

Listed (Active)

MRED #12149514

$350,000
08/25/2022

Sold (Public Record)

Public Record #1496593336

$115,000

+0.9% / yr

08/25/2022

Sold

MRED #11358129

$115,000
07/21/2022

Pending

MRED #11358129

05/09/2022

Price Change

MRED #11358129

$199,000
04/13/2022

Price Change

MRED #11358129

$225,000
03/26/2022

Listed (Active)

MRED #11358129

$235,000
08/30/2001

Sold (Public Record)

Public Record #79235020

$95,000

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

Public Records for 617 West Springfield Avenue

Taxable ValueLand$16,060Additions$29,560Total$45,620
Tax Record2024$3,978 ($332 / month)
Home Facts
Total Finished SqFt1,229 SqFtAbove Grade Finished SqFt1,229 SqFtStories2StyleMulti-Family Dwelling (2-4)Year Built1903CountyCHAMPAIGNAPN432013126003Fireplace TypeHas Fireplace

Schools near 617 West Springfield Avenue

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - K to 5
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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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 KELLER WILLIAMS-TREC

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 12/04/2025 10:19 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.