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Jamaria Holloway
REALTOR®
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506 W William Street , Champaign, IL 61820

$225,000
  • 506 W William Street , Champaign, IL 61820 Main Photo

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New to the Market New
BEDS3 BATHS2 full MLS#12650535
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 4

Property Description

Located in an established Champaign neighborhood near downtown and the University of Illinois, 506 W William St. is a duplex investment opportunity offering strong rental potential and future upside. The property features a main-level two-bedroom, one-bath unit and an upper-level studio apartment with approximately 1,282 square feet of living space, a full basement, covered porches, central air conditioning, and a detached one-car garage with additional off-street parking. Current rents are below market, creating value-add potential for future ownership. This property would work well as an investment property or future owner-occupied opportunity in a strong rental location.

506 W William Street | MLS# 12650535

This multi-family property located at 506 W William Street , Champaign, IL 61820 is currently listed for sale with an asking price of $225,000. W William Street is located within the District 4 school district. Search Champaign real estate on jholloway.gogambino.com today.

Upcoming Open Houses

Open House Sunday June 14th, 1:00pm - 3:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Garage: 1
Heating: Natural Gas
Home Style: Traditional
Lot Size: 0.09 Acres
Taxes: $4,279
Year Built: 1923

Feature Descriptions

Exterior: Vinyl Siding
Lot Dimensions: 68x56
Parcel#: 432013177026
Parking: Yes, Garage Owned, Detached, Off Street, Driveway, Owned, Garage
Sewer: Public Sewer
Total Rooms: 9
Township: Champaign
Water: Public

Local Schools

High School: Champaign High School
Middle School: Champaign Junior High School
Elementary School: Champaign Elementary School
School District: District 4

Listed By / Shown By

Listed By

Agency Name: Trautman Real Estate Agency & Appraisal LLC
Agency Phone: 217-888-8585

Shown By

Agent Name: Jamaria Holloway
Agent Phone: Cell: (815) 491-9629
Agency Title: Gambino Realtors

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Estimated Payment

$ 1,444.23 per month $1,022.02 Principal & Interest $356.58 Property Tax $65.63 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/12/2026. The listing information on this page last changed on 06/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 06/12/2026 12:30:38 AM EST) or MRED MLS (last updated Fri 06/12/2026 12:26:12 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 06/11/2026 10:19:16 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 06/11/2026 2:10:19 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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