4
Champaign, IL Multifamily Homes & Duplexes for Sale
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$275,000
- 7 Beds
- 4 Baths
508 W Columbia Ave, Champaign, IL 61820
508 W Columbia Ave, Champaign, IL 61820 -
$289,900
- 4 Beds
- 4 Baths
311 W Columbia Ave, Champaign, IL 61820
311 W Columbia Ave, Champaign, IL 61820 -
About Champaign
Champaign is the western half of the East Central Illinois twin cities of Champaign-Urbana. Founded in 1855, it was initially known as West Urbana, but the name Champaign was solidified five years later. The twin cities are home to the University of Illinois campus, “It’s a world-class school with a large international student base,” says Russ Taylor, Realtor with the Russ Taylor Team at Taylor Realty Associates. “The university is the largest employer in the area with about 1 in 7 people in Champaign County working for the university.” The pop ...
Home Trends in Champaign, IL
On average, homes in Champaign, IL sell after 26 days on the market compared to the national average of 47 days. The average sale price for homes in Champaign, IL over the last 12 months is $272,176, up 10% from the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$239,900
Median Single Family Price
$250,000
Median Townhouse Price
$265,000
Median 2 Bedroom Price
$165,000
Median 1 Bedroom Price
$140,000
Average Price Per Sq Ft
$154
Number of Homes for Sale
112
Last 12 months Home Sales
947
Months of Supply
1.40
Median List Price
$244,900
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
15%
In Champaign, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $275,000 to $675,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Champaign is $244,900, while the average sale price is $272,176, offering insights into the local housing market. On average, multi-family homes spend 26 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Champaign, IL.
Champaign Types of Homes for Sale
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