507 E Washington St
Champaign, IL 61820
Local Information
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Home Highlights
Property Type
Lot/Land
About this House
Exciting opportunity awaits at 507 E Washington St in Champaign! This versatile lot offers endless possibilities - envision building your dream single-family home, a duplex for added income potential, or creating a beautiful community garden for neighborhood enjoyment. Ideally located near downtown amenities, parks, and schools, this property combines convenience with flexibility for a range of future uses. Whether you're an investor, builder, or community visionary, this lot is ready for your inspiration. Don't miss out on the chance to shape the future of this fantastic location!
507 E Washington St, Champaign, IL 61820 is a lot/land. It last sold for $12,500 on Jan 22, 2026 (17% below the $15,000 asking price). It is currently off market. The Trulia Estimate rent is $1,730/month.
Home Details for 507 E Washington St
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MLS Status: Closed |
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Interior Details Basement: None |
Appliances & Utilities Utilities: Electric to Site, Natural Gas AvailableLaundry: None |
Gas & Electric Has Electric on Property |
View No View |
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Frontage Road Frontage: City StreetRoad Surface Type: NoneNot on Waterfront |
Farm & Range Frontage Length: 8471 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building No Additional Parcels |
Property Information Parcel Number: 462107330005 |
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Price List Price: $15,000 |
Status Change & Dates Off Market Date: Mon Oct 06 2025Possession Timing: Close Of Escrow |
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Direction & Address City: Champaign |
School Information Elementary School: Unit 4 Of ChoiceElementary School District: 4Jr High / Middle School: Champaign/Middle Call Unit 4 351Jr High / Middle School District: 4High School: Central High SchoolHigh School District: 4 |
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Special Conditions: None |
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Listing Terms: Cash |
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Business Information Ownership: Fee Simple |
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Mls Number: 12200073Attribution Contact: (217) 840-3328 |
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Source Internet Entire Listing DisplayMRD Listing On IDX Display: YesSource Internet Address DisplayMRD REMARKSINTERNET: Yes |
Last check for updates: about 5 hours ago
Listed by Carol Meinhart, ABR,GRI,SFR, (217) 840-3328
The Real Estate Group,Inc
Bought with: Freddie Williams, (813) 816-6796, The Real Estate Group,Inc
Source: MRED as distributed by MLS GRID, MLS#12200073

Price History for 507 E Washington St
| Date | Price | Event | Source |
|---|---|---|---|
| 01/22/2026 | $12,500 | Sold | MRED as distributed by MLS GRID #12200073 |
| 10/06/2025 | $15,000 | Pending | MRED as distributed by MLS GRID #12200073 |
| 02/11/2025 | $15,000 | Listed For Sale | MRED as distributed by MLS GRID #12200073 |
| 03/30/2009 | $66,000 | Sold | N/A |
| 10/19/2005 | $73,000 | Sold | N/A |
| 06/02/2005 | $27,000 | Sold | N/A |
Market trends in Champaign
Last updated June 2026
Avg. sale price
$216K
$1.42KMoM
Sale-to-List Price
99.4%
0.3%MoM
Price per sq ft
$152
$1MoM
Available listings
238
1MoM
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $224 |
| Assessment | $7,710 |
Home facts updated by county records
Comparable Sales for 507 E Washington St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.85 | Lot/Land | $500,000 | 03/17/26 | - | - | ||
0.88 | Lot/Land | $945,000 | 10/17/25 | - | - | ||
1.15 | Lot/Land | $75,000 | 09/17/25 | - | - | ||
1.26 | Lot/Land | $65,000 | 07/09/26 | - | - | ||
1.51 | Lot/Land | $318,500 | 02/06/26 | - | - | ||
1.96 | Lot/Land | $35,000 | 01/07/26 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 507 E Washington St.
What Locals Say about Champaign
At least 509 Trulia users voted on each feature.
86 % Say parking is easy
86 % Say it's dog friendly
82 % Say car is needed
81 % Say there are sidewalks
72 % Say yards are well-kept
70 % Say there's holiday spirit
63 % Say kids play outside
60 % Say people would walk alone at night
58 % Say it's quiet
49 % Say neighbors are friendly
47 % Say it's walkable to restaurants
47 % Say there's wildlife
47 % Say streets are well-lit
44 % Say they plan to stay for at least 5 years
40 % Say it's walkable to grocery stores
32 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 507 E Washington St
Off Market Homes Near 507 E Washington St
Frequently asked questions about 507 E Washington St
- What is the price history for 507 E Washington St?507 E Washington St in Champaign, IL last sold for $12,500 in January 2026.
- Is Champaign a buyer's or seller's market?Champaign is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Champaign?The median sale price in Champaign is $216K. That is up $1.42K from the prior month.
- What do residents say about Champaign?Residents describe Champaign, IL as easy to park in, dog-friendly, and pedestrian-friendly. See recently sold homes in Champaign, IL.

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information