408 E Springfield Ave, #224, Champaign, IL 61820 Property Records

Champaign County property record for 408 E Springfield Ave, #224, Champaign, IL 61820

Property Summary

Property TypeCommercial
Lot Size0.142 acres (6,167 sqft)
OwnerCompany Name on Record
Tax Bill$173,422 (2025)
Deeds & MortgagesDec 2021 Line of Credit
Aug 2019 Line of Credit
Flood ZoneZone X (minimal risk)
APN46-21-07-379-007

Property Details

APN / Parcel Number

Primary APN46-21-07-379-007

Interior

Units44 Units

Exterior

Architectural StyleMulti-Family
Lot Area6,167 sqft (0.142 acres)

Location & Zoning

Street Address408 E SPRINGFIELD AVE, 224
CityCHAMPAIGN
StateIL
Zip61820-5444
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionLOTS PT 223, 224 SUB OF S PT LT 1 OF SEC. 7-19-9 - AKA - MASTER IN CHANCERY SUB OF S PT. LT 1 SEC. 7-19-9 - AKA - COL. M.
Legal Range09E
Legal Township19N
Legal Section07
Legal SubdivisionMASTER IN CHANCERY SUB
Legal Lot Number1
JurisdictionCHAMPAIGN IL
Township / Civil DivisionCHAMPAIGN CITY
Census Block Group3
Census Block3008
Census Tract302

Owner

Source: Champaign County records, as of July 20, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address2500 GALEN DR, 10, CHAMPAIGN, IL 61821-7050
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Dec 13, 2021Deed of Trust, Mortgage · Line of Credit
BUSEY BANK
Aug 2, 2019Deed of Trust, Mortgage · Line of Credit
MARINE BK

Assessor's Deed Record

Deed NamesName on Deed
Record UpdatedSep 20, 2026

December 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCHAMPAIGN IL
Property Address408 E SPRINGFIELD AVE, CHAMPAIGN, IL 61820-5444
Transaction TypeMortgage
Record UpdatedAug 23, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000028991
DateDec 13, 2021
Instrument2021R28991
Lender
NameBUSEY BANK
TypeBank
AddressCHAMPAIGN, IL 61820
Agreement
TypeLine of Credit
AmountAmount Recorded

August 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCHAMPAIGN IL
Property Address408 E SPRINGFIELD AVE, CHAMPAIGN, IL 61820-5444
Document Number0000013015
Instrument DateAug 2, 2019
Transaction TypeMortgage
Record UpdatedSep 9, 2019
Title CompanyOTHER

Transaction

Additional
  • Multiple Parcels

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address408 E SPRINGFIELD AVE CHAMPAIGN IL 618205444, CHAMPAIGN, IL 61820-5444

Mortgage

Document Number0000013015
DateAug 13, 2019
Instrument13015
Lender
NameMARINE BK
TypeBank
AddressSPRINGFIELD, IL 62704
Agreement
TypeLine of Credit
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyChampaign County
County SubdivisionChampaign City Township
MunicipalityChampaign City
Unified School DistrictChampaign Community Unit School District 4 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$173,422.00 (+3.94%)$2,063,670 (+7.86%) Land $98,150 Building $1,965,520$6,191,010 (+7.86%) Land $294,450 Building $5,896,560
2024$166,851.00 (+6.18%)$1,913,320 (+19.02%) Land $87,480 Building $1,825,840$5,739,960 (+19.02%) Land $262,440 Building $5,477,520
2023$157,141.00 (+6.3%)
2022$147,824.00$1,607,520 Land $73,500 Building $1,534,020$4,822,560 Land $220,500 Building $4,602,060

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective July 14, 2021

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemIL AMERICAN-CHAMPAIGN
private · serves 150,000 people · EPA ID IL0195300
Water SourceGroundwater
Last State InspectionSep 2025
Lead1 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 265 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
i3 Broadband
Fiber
8,000 / 8,000
Pavlov Media
Fiber
2,000 / 2,000
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
300 / 20
AT&T
Fixed Wireless · DSL · Fiber in parts of the area
100 / 20
T-Mobile
Fixed Wireless
100 / 20

May also be available: Fidium Fiber, Nextlink, Volo.net Internet+Tech.

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