In this paper, two efficient two-grid algorithms for the convection-diffusion problem with a modified characteristic finite element method are studied. We present an optimal error estimate in Lp-norm for the characteristic finite element method unconditionally, while all previous works require certain time-step restrictions. To linearize the characteristic method equations, two-grid algorithms based on the Newton iteration approach and the correction method are applied. The error estimate and the convergence result of the two-grid method are de...