724 S New Street,Champaign, IL 61820
Champaign, IL 61820
Description
Whether you're looking to expand your investment portfolio or purchase a fully furnished home with immediate income potential, this turnkey short-term rental is a rare opportunity. The buyer must honor all existing Airbnb/VRBO reservations currently in place through November 8th, 2026, allowing for a seamless transition while continuing to generate income. The property has produced more than $52,000 in gross short-term rental revenue over the past 12 months. Recently renovated and thoughtfully furnished, this stylish home comfortably accommodates up to six guests with one king bedroom, one queen bedroom, and two twin beds. The spacious finished basement provides a second living area, offering plenty of room for guests to relax. Outside, enjoy the private fenced backyard with a patio, perfect for entertaining or unwinding, along with convenient access to nearby parks and sports fields. The sale includes all furnishings, decor, housewares, linens, and equipment necessary to continue operating as a successful short-term rental, making this a truly turnkey investment. Additional features include a one-car attached garage and a central location that has consistently attracted guests. Whether you choose to continue its successful Airbnb operation or make it your own after existing reservations conclude, this property offers exceptional flexibility and value. Manage yourself or established management happy to continue.
Details
| MLS # | 12688745 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 39 |
| Listing Provided By | Trautman Real Estate Agency & Appraisal LLC | PJ Trautman |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,380 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Rooms Total | 7 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas, Forced Air |
| Appliances | Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Oven, Range Hood |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Parking Features | Yes, Garage Owned, Detached, Garage |
|---|---|
| Garage Spaces | 1 |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 5171.58 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Champaign |
| Zip Code | 61820 |
| Area | Champaign | Savoy |
| School District | Central High School |
| Elementary School | Champaign Elementary School |
| High School | Central High School |
| Listing VS Median (in 61820) | |
Price: $320,000 low | high Med: $265,000 sqft: 1,380 low | high Med: 1,675 $ / sqft: $232 low | high Med: $158 On site: 39 low | high Med: 33 | |
Market Activity 61820
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Champaign |
| Zip Code | 61820 |
| Area | Champaign | Savoy |
| School District | Central High School |
| Elementary School | Champaign Elementary School |
| High School | Central High School |
| Listing VS Median (in 61820) | |
Price: $320,000 low | high Med: $265,000 sqft: 1,380 low | high Med: 1,675 $ / sqft: $232 low | high Med: $158 On site: 39 low | high Med: 33 | |
