617 West Springfield Avenue

Champaign, IL 61820

$335,000
Price
5
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Expand your rental portfolio with 617 W Springfield, a fully rented 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 enjoy long-term tenants. Major 2024 updates include full exterior repainting, back porch upgrades, and landscaping improvements, enhancing both curb appeal and longevity. The property features a coin-operated laundry in the basement. Tenants have...Expand your rental portfolio with 617 W Springfield, a fully rented 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 enjoy long-term tenants. Major 2024 updates include full exterior repainting, back porch upgrades, and landscaping improvements, enhancing 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 covered by a monthly utility charge included in the rent. A solid investment opportunity in a prime location!
  1. Listed by Joe Zalabak • KELLER WILLIAMS-TREC

Property Details for 617 West Springfield Avenue

Area
Champaign, Savoy
Township
Champaign
Zoning
MULTI
LISTING UPDATED: 10/10/2024 12:07 AM

Property Details for 617 West Springfield Avenue

StatusActive
MLS #12149514
Days on Market33
Taxes$3,747 / 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

Building Information for 617 West Springfield Avenue

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

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
  • Air Conditioning: Window Unit(s)
  • Electric: Fuses, Separate Meters
  • # Of Washers: 1
  • Basement Description: Unfinished
  • Grid: 54
  • Heat/Ventilation: Central Bldg Heat
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Electricity, Varies by Tenant
  • 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: 2024-09-23T14:30:24
  • Photos Count: 17
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: $1,500.00
  • Gross Income: $40,836.00
  • Gross Scheduled Income: $40,836.00
  • Insurance Expense: $1,200.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 3403
  • Water Expense Source: Owner Projection
  • Net Operating Income: $33,186.00
  • Operating Expense: $7,650.00
  • Other Expense: $.00
  • Trash Expense: $150.00
  • Water Sewer Expense: $1,500.00
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
DateEvent & SourcePrice

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$14,630Additions$26,920Total$41,550
Tax Record2023$3,747 ($312 / 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

617 West Springfield Avenue is a multi-family home for sale in Champaign, IL 61820. This property was listed for sale on September 12, 2024 by KELLER WILLIAMS-TREC, it's currently listed at $335,000. It has been on the market for a total of 33 days and was last sold on August 25, 2022. 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. 617 West Springfield Avenue is a 5-bed, 5-bath, multi-family home built in 1903.

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. Based on information submitted to the MLS GRID as of 10/10/2024 12:07 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.