Champaign, IL Multifamily Homes & Duplexes for Sale

The Krannert Center for the Performing Arts hosts diverse music, theater, and dance performances throughout the year, while the historic Virginia Theatre showcases concerts and films in downtown Champaign. Sports fans gather at Memorial Stadium for Fighting Illini football and State Farm Center for basketball games. The University of Illinois Arboretum provides peaceful gardens and walking paths, including a Japanese garden. Local dining highlights include Black Dog Smoke & Ale House's barbecue and Bangkok Thai and Pho 911's authentic Asian cuisine.

The Champaign housing market presents varied options across price points. The median sale price for homes is $238,300. Single family homes in Downtown Champaign have a median price of $200,000, while Cherry Hills commands $415,000. Garden Hills offers more affordable options with a median price of $122,500. Parkland Ridge features condos with median prices of $115,000 for one bedroom and $142,500 for two bedrooms.

The cost of living sits 5.2% below the national average. A family with school-age children needs approximately $100,000 annually to live comfortably, while renters require about $53,000. The property tax rate is 2.07%, and the combined sales tax rate reaches 8.89%. Groceries cost 2.2% below the national average, with families spending about $1,500 monthly. The city contains highly rated schools like Central High School and private Academy High. The University of Illinois at Urbana-Champaign adds educational prestige. The Champaign-Urbana Mass Transit District provides extensive bus service, and Amtrak connects to Chicago, 135 miles north.