703 W Park Ave

703 W Park Ave, Champaign, IL 61820

Property Information

  • For Sale $400,000
  • Property Type Multi-Family
  • Property Size 1,274 SF
  • Units 4
  • Lot Size 0.15 Acre
  • Building Class C
  • Year Built 1903
  • Date Updated Aug 31, 2026

Description

Explore the vibrant neighborhood surrounding this Champaign property, offering an array of attractions for prospective Multifamily investors. Situated near the University of Illinois and bustling downtown Champaign, this area provides an enticing mix of academic and urban amenities. Tenants will appreciate easy access to popular dining and entertainment venues, as well as serene parks and recreational facilities. With its rich cultural offerings, proximity to major employers, and convenient public transportation options, this location presents an excellent opportunity for Multifamily/Low-Rise/Garden investors to capitalize on the dynamic appeal of the area.Introducing a compelling investment opportunity for Multifamily investors! This property comprises four units, including two 1-bedroom units and two studios, all fully leased through the end of July 2026. Great rental history ensures consistent and reliable income stream for investors. With its classic architectural appeal and established leasing history, the building presents an enticing investment prospect in the vibrant Champaign area.

Highlights

  • Four Unit Multifamily Investment
  • Fully Leased Through August 2026
  • Strong Rental History

Contacts

Location

Located at 703 W Park Ave, Champaign, IL 61820, this property is part of the West Central Champaign neighborhood.

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