724 S New St

Champaign, IL 61820
  • $320,000

    Price
  • 3

    Bed
  • 2

    Bath
  • 1,380

    SqFt

About the Listing 95423 - 952318

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.

Listing Highlights

Status Active
Days on Site 41
Property Type Residential
MLS ® 12688745
Year Built 1949
Total Square Footage 1,380
Lot/Acreage 110.75 X 52
County Champaign
School District 4
Elementary School Champaign Elementary School
High School Central High School

Interior Details

  • Bedrooms: 3
  • Bathrooms: 2 Full
  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Oven, Range Hood
  • Air Cond: Central Air
  • Heating: Natural Gas,Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: 279
  • Basement: Partially Finished,Full
  • Other:
  • Water: Public

Exterior Details

  • Garage Capacity: 1 car
  • Parking Spaces: 1
  • Lot Dimensions: 110.75 X 52
  • Roof:
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Yes,Garage Owned,Detached,Garage

Financial Details

  • Tax Amount: $5,172
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 432013156012
  • Tax Year: 2025

Payment Calculator

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Questions About..

724 S New St Champaign, IL 61820

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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