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724 S New Street Champaign, IL 61820 Residential - Single Family Active

  • 724 S New Street, Champaign, IL 61820 Main Photo

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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.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,380
Garage Size: 1
Built in 1949
Elementary School: Champaign Elementary School
High School: Central High School
Middle School: Champaign Junior High School

General Information

Bedrooms: 3
Bathrooms: 2
Sqft: 1,380
County: Champaign
High School: Central High School
Listed By:
Trautman Real Estate Agency & Appraisal LLC 217-888-8585
MRED MLS

Room Information

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
$320,000
Est. $2,163/mo
3beds
2baths
1,380sqft
1cars
Active
BEDS3 BATHS2 full SQUARE FEET1,380 MLS#12688745
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLDistrict 4

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724 S New Street, Champaign, IL 61820.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $320,000$320,000$320,000
Down Payment $64,000$11,200$80,000
Monthly Mortgage Amount $1,618$1,986$2,009
Taxes $445$445$445
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$141$0
Monthly Estimated Total $2,163$2,672$2,554

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