506 W William Street — Champaign, IL 61820
Active
Champaign, IL 61820

506 W William Street

$225,000
3 beds · 2 baths
Listed at $225,000 2 days on market $4,279/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$225,000
List price
Square feet
3
Bedrooms
2
Bathrooms
1923
Year built
Lot size
1
Garage spaces
$4,279
Annual taxes
Traditional
Style
2
Days on market
04Features
Heating
Natural Gas
Parking
Garage OwnedDetachedOff StreetDrivewayOwnedGarage
Construction
Vinyl Siding
Sewer
Public Sewer
05Neighborhood
E Elementary school
Champaign Elementary School
Champaign, IL
M Middle school
Champaign Junior High School
Champaign, IL
H High school
Champaign High School
Champaign, IL
  • Mo's Burritos 0.3 mi
  • Ittonken 0.3 mi
  • Little Caesars 0.4 mi
  • Lanxang Thai-Lao Cuisine 0.4 mi
  • El Toro 0.4 mi
  • Papa Del's 0.4 mi
  • Annapoorna Store 0.4 mi
  • Fresh International Market 0.4 mi
  • Circle K 0.5 mi
  • Kirby Food & Liquor 0.6 mi
  • Circle K 0.6 mi
  • University Food and Liquor 0.7 mi
  • McCollum Park 0.4 mi
  • Robert Hosier Memorial Garden 0.5 mi
  • Hessel Park 0.5 mi
  • Firefighter's Park 0.6 mi
  • Clark Park 0.6 mi
  • West Side Park 0.7 mi
  • Hopscotch Bakery 0.3 mi
  • The Library Café 0.4 mi
  • Dunkin' 0.4 mi
  • Tasty Tart 0.5 mi
  • Pekara Bakery & Bistro 0.5 mi
  • Espresso Royale 0.6 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jun 12, 2026
Listed for saleThis listing
Trautman Real Estate Agency & Appraisal LLC
$225,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Trautman Real Estate Agency & Appraisal LLC · PJ Trautman · 217-714-1234
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12650535
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