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$320,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,380 Sq. Ft.
  • 1 Car Garage
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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.

Full Property Details for 724 S New St

General

  • Price: $320,000
  • Taxes: $5,171 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12688745
  • Updated: 7/26/2026
  • Added to Site: 25 day(s) ago

Interior

  • Basement: Partially
  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Oven, Range Hood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Champaign, Savoy
  • County: Champaign
  • Township: Champaign
  • Driving Directions: Take S. Prospect Ave to W. John St and go East. Turn Right on S. New St and the house is on the left.

School Information

  • School District: 4
  • Elem School District: 4
  • Midd School District: 4
  • High School District: 4
  • Elementary School: Champaign Elementary School
  • Middle School: Champaign Junior High School
  • High School: Central High School
  • Private School: Central High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Cape Cod
  • Architectural Style: Cape Cod
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Square Feet: 1,380
  • Sq. Ft. Source: Plans
  • Year Built: 1949
  • Built Before 1978: Yes

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 110.75 x 52

Financial Considerations

  • Assessment Year: 1949
  • Tax Amount: $5,171.58
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 432013156012

Listed by Trautman Real Estate Agency & Appraisal LLC

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Listing agent

— 724 S New St —

  • Trautman Real Estate Agency & Appraisal LLC

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 724 S New St

School District:Champaign Community Unit School District 4
NameGradesDistance
South Side Elementary School
715 South New Street, Champaign, IL 61820
K-50.1 mi
Westview Elementary School, Champaign, IL
703 South Russell Street, Champaign, IL 61821
K-50.7 mi
Dr Howard Elementary School
110 North James Street, Champaign, IL 61821
K-50.9 mi
Edison Middle School, Champaign, IL
306 West Green Street, Champaign, IL 61820
6-80.4 mi
Franklin Middle School, Champaign, IL
817 North Harris Avenue, Champaign, IL 61820
6-81.2 mi
Jefferson Middle School, Champaign, IL
1115 Crescent Drive, Champaign, IL 61821
6-81.5 mi
Central High School, Champaign, IL
610 West University Avenue, Champaign, IL 61820
9-120.6 mi
Bottenfield Elementary School
1801 South Prospect Avenue, Champaign, IL 61820
K-51 mi
Stratton Elementary School
902 North Randolph Street, Champaign, IL 61820
K-51.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 724 S New St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/20/2026
Listed
$320,000
48.84%
MLS
6/28/2024
Sold
$215,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 724 S New St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,727
—
$67,540
12%
2024
$4,727
7%
$60,200
10%
2023
$4,403
10%
$54,820
11%
2021
$3,990
-3%
$49,580
-2%
2022
$4,099
7%
$50,570
6%
2020
$3,821
4%
$47,670
2%
2019
$3,687
3%
$46,690
2%
2018
$3,596
4%
$45,960
4%
2017
$3,451
12%
$44,190
2%
2016
$3,084
—
$43,280
2%
2015
$3,098
1%
$42,510
—
2014
$3,071
17%
$42,510
—
2013
$2,627
7%
$42,510
-2%
2012
$2,447
—
$43,380
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Trautman Real Estate Agency & Appraisal LLC

724 S New Street, Champaign, IL 61820 (MLS# 12688745) is a Single Family property with 3 bedrooms and 2 full bathrooms. 724 S New Street is currently listed for $320,000 and was received on July 20, 2026. Want to learn more about 724 S New Street? Do you have questions about finding other Single Family real estate for sale in Champaign? You can browse all Champaign real estate or contact a Coldwell Banker agent to request more information.

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