Kelsey Fagan

724 S New Street , Champaign, IL 61820

$320,000
  • 724 S New Street , Champaign, IL 61820 Main Photo

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New to the Market New
BEDS3 BATHS2 full SQUARE FEET1,380 MLS#12688745
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 4

Property 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.

724 S New Street | MLS# 12688745

This single family home located at 724 S New Street , Champaign, IL 61820 is currently listed for sale with an asking price of $320,000. This property was built in 1949 and has 3 bedrooms and 2 full baths with 1380 sq. ft. S New Street is located within the District 4 school district. Search Champaign real estate on kelseyfagan.dickersonnieman.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Partially Finished, Full
Cooling: Central Air
Garage: 1
Heating: Natural Gas, Forced Air
Home Style: Cape Cod
Lot Size: 110.75 X 52
Taxes: $5,171
Year Built: 1949

Feature Descriptions

Additional rooms: Recreation Room
Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Oven, Range Hood
Association Includes: None
Dining Room: Kitchen/Dining Combo
Exterior: Vinyl Siding
Lot Dimensions: 110.75 X 52
Parcel#: 432013156012
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 7
Township: Champaign
Water: Public

Room Sizes

Bar/Entertainment: 9X8
Recreation Room: 15X30
Bedroom 2: 10X9
Bedroom 3: 12X12
Dining Room: 12X10
Kitchen: 8X11
Laundry: 12X22
Living Room: 12X18
Primary Bedroom: 16X30

Local Schools

High School: Central High School
Middle School: Champaign Junior High School
Elementary School: Champaign Elementary School
School District: District 4

Listed By / Shown By

Listed By

Agency Name: Trautman Real Estate Agency & Appraisal LLC
Agency Phone: 217-888-8585

Shown By

Agent Name: Kelsey Fagan
Agent Phone: (815) 601-5588
Agency Title: Dickerson & Nieman Realtors

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Estimated Payment

$ 1,236.43 per month $712.18 Principal & Interest $430.92 Property Tax $93.33 Homeowner's Insurance

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