617 Springfield AveChampaign, IL 61820

This exceptional investment opportunity presents a fully occupied five-unit multifamily building situated at 617 W Springfield Avenue in Champaign, Illinois. The property sits on a 0.18-acre lot and is priced at $275,000. Each unit is a one-bedroom apartment, complete with its own private kitchen and bathroom, offering tenants comfortable and independent living spaces. Two units have recently undergone complete renovations, ensuring modern amenities and attractive rental rates. The remaining three units boast long-term, stable tenants, providing immediate and consistent cash flow. Significant improvements were completed in 2024, including a fresh coat of exterior paint, upgraded back porches, and enhanced landscaping, significantly boosting the property's curb appeal and extending its lifespan. A convenient coin-operated laundry facility is located in the basement for tenant use. Individual electric meters ensure fair and accurate billing for each unit, while water, sewer, and natural gas are included in the monthly rent, simplifying management and maximizing rental income. This property represents a strong, low-maintenance investment in a highly desirable Champaign location, just minutes from the vibrant downtown area. The combination of updated units, long-term tenants, and recent exterior improvements makes this a truly compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property's prime location and strong tenant occupancy guarantee a high return on investment.