311 W Columbia Ave

Champaign, IL 61820

$289,900
Price
4
Beds
2,400 Sq. Ft.
$121 / Sq. Ft.
2,400
Sq. Ft.
$121
per Sq. Ft.

Description

This three-unit multifamily house is an excellent investment opportunity for anyone looking to expand their portfolio. The first-floor unit features 2 bedrooms and 2 bathrooms, while there are two 1-bedroom, 1-bathroom units on the second floor. The property boasts a strong rental history and is currently fully leased until the end of July 2026. Conveniently located in central Champaign, it offers easy access to downtown and the surrounding CU community. Additionally, there is a common laundry area...This three-unit multifamily house is an excellent investment opportunity for anyone looking to expand their portfolio. The first-floor unit features 2 bedrooms and 2 bathrooms, while there are two 1-bedroom, 1-bathroom units on the second floor. The property boasts a strong rental history and is currently fully leased until the end of July 2026. Conveniently located in central Champaign, it offers easy access to downtown and the surrounding CU community. Additionally, there is a common laundry area in the basement accessible to all three units. This property will be sold as part of a package with other investment properties.
  1. Listed by Jill Hess • RE/MAX Choice

Property Details for 311 West Columbia Avenue

Area
Champaign, Savoy
Township
Champaign
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air
LISTING UPDATED: 04/29/2025 10:08 AM

Property Details for 311 West Columbia Avenue

StatusContingent
MLS #12331587
Days on Market19
Taxes$2,787 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / Converted Residence
Year Built-
Lot Size0.17 AC / 7,392 SF
CountyChampaign County

Building Information for 311 West Columbia Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.17 AC / 7,392 SF

Property Information for 311 West Columbia Avenue

General Information
School Information
  • Elementary School District: 4
  • Elementary School: Champaign Elementary School
  • Jr High Middle School: Champaign/Middle Call Unit 4 351
  • High School District: 4
  • High School: Central High School
  • Middle Or Junior School District: 4
Addtl Parking Information
  • Parking Details: Other
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms (Below Grade): 0
  • Basement Type: Unfinished, Full
  • Bedrooms Possible: 4
  • # Full Baths in Building: 3
  • # Half Baths in Building: 1
  • Num of Baths: 3.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 56 X 132
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Construction: Vinyl Siding
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 07/25
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/25
Unit 3
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/25

Property History for 311 West Columbia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 311 West Columbia Avenue

Taxable ValueLand$5,300Additions$37,910Total$43,210
Tax Record2024$3,768 ($314 / month)
Home Facts
Total Finished SqFt1,130 SqFtAbove Grade Finished SqFt1,130 SqFtStories2StyleMulti-Family Dwelling (2-4)Year Built1869CountyCHAMPAIGNAPN422012254001Fireplace TypeHas Fireplace

Schools near 311 West Columbia 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 RE/MAX Choice

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 04/29/2025 10:08 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.