613 W Church Street, Champaign, IL

$339,000

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0.19

Acres

About 613 W Church Street

Turnkey 9-Unit Investment Property with Proven Income - Champaign, IL Strategically located near Downtown Champaign, Westside Park, and adjacent to Champaign Central High School, this fully renovated 9-unit building offers immediate, stable cash flow backed by documented performance. The property consists of six SRO units and three studio apartments, each featuring a private bathroom, creating an efficient, high-demand unit mix that supports consistent occupancy. The asset produced $56,400 in gross income over the past 12 months (~$4,700/month average collected), with current leases supporting $5,400/month at full occupancy following completion of all renovations in 2024. This is not a projection; repairs and leasing adjustments are complete, positioning the next owner to step into stabilized operations. Recent capital improvements include major roof repairs, new electric water heater, updated kitchenettes and bathrooms, fresh interior paint, secure electronic entry locks, camera systems, and the addition of an on-site laundry room already in service. Separate electric meters further streamline management and expense control. This is an ideal opportunity for investors seeking a true turnkey, workforce-housing asset with durable demand, modernized systems, and immediate income in one of Champaign's most accessible rental locations.

Features of 613 W Church Street

MLS® # 12551294
Price $339,000
Bathrooms 0.00
Acres 0.19
Year Built 1890
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 613 W Church Street
Area Champaign, Savoy
City Champaign
County Champaign
State IL
Zip Code 61820

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Additional Information

Days on Market 180
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty-Champaign

Listing Map

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