Check Availability
Urbana 61801
506 E Illinois Street
$114,900
↓ $10K (8%)
House - For Sale

506 E Illinois Street

Urbana, IL 61801
bedrooms
2 Beds
bathrooms
1 Bath
square feet
800 Sqft
$730
Estimated Monthly
$0
HOA / Fees
8.40%
Cap Rate

About This Property

Charming home in historic East Urbana with some fresh updates. Great location - just blocks from Lincoln Square and close to campus. Large lot combined with the position of the home provides ample space for future addition. New roof in 2023. Fresh paint in 2024. New carpet in 2024.

The manager has listed the unit size as 800 square feet.
Unit Size
800Ft²
Days on Market
36 days
Land Size
-
Price per sqft
$144
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1894
Listed By
Last updated: 21 days ago (MREDIL #11994230)

Price History

Date / Event Date Event Price
Apr 13, 2024 Price Decreased $114,900
↓ $10K (8%)
Price Decreased
Mar 28, 2024 Listed by eXp Realty, LLC $124,900
Listed by eXp Realty, LLC

Property Highlights

Exterior Details

Exterior Information

Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1894
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Plaster
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,899
  • Lot Size Depth Feet: 710
  • Lot Size Frontage Feet: 690
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEBBERS, GEORGE G., 2ND ADD
  • Land Acres: 0.112
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT PT 5 BLOCK 4 WEBBERS, GEORGE G., 2ND ADD AND OTHER LAND

Ownership

  • Current Owner : ILLINOIS STATE POLICE
  • Previous Owner : ARMSTRONG ROGER
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Urbana School District 116
  • School Tax School District: 101
  • Census Tract: 005500

Geography

  • District: 09
  • Parcel: 92-21-17-244-007
  • Block: 4
  • Lot: 5
  • Meridian: SEC 17 TWN 19N RNG 09E
  • Municipality: CUNNINGHAM
  • Latitude: 40.1095
  • Longitude: -88.2018

    Address

  • Full Address: 506 E Illinois St
  • Address - House Number: 506
  • Street Direction: E
  • Address - Street Name: Illinois
  • Address - Suffix Type: St
  • State: IL
  • City Name: Urbana
  • Carrier Code: C021
  • 4-Digit Zip Code: 3425
  • Zip Code: 61801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,981
  • Tax Rate Code Area: 9203

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 208,183
  • High Value: 292,498
  • Low Value: 123,867

    Market Valuation

  • Market Total Value: $54,900
  • Market Land Value: $23,250
  • Market Improvement Value: $31,650

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,300
  • Assessed Land Value: $7,750
  • Assessed Improvements Value: $10,550

    Sales

  • Current Sale Contract Date: May 23, 2007
  • Current Sale Recording Date: Jul 26, 2007
  • Current Sale Transaction ID: 1082243148
  • Current Sale Document Type: Legal Action/Court Order
  • Current Sale Input Document Number: 2007R19906

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
845 ft²
$154/ft²
$129,900 Jan 31, 2024
-
$227/mo
House
2 Beds
1 Bath
720 ft²
$187/ft²
$134,900 Mar 28, 2024
-
$258/mo
House
2 Beds
1 Bath
690 ft²
$167/ft²
$115,000 May 4, 2023
-
$261/mo
House
2 Beds
1 Bath
920 ft²
$120/ft²
$110,000 Mar 11, 2024
-
$228/mo
House
2 Beds
1 Bath
975 ft²
$143/ft²
$139,900 Mar 14, 2024
-
$299/mo

About Urbana


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Frequently Asked Questions

When was property at 506 East Illinois Street built and last sold?
The property at 506 East Illinois Street was built in 1894 and last sold on May 23, 2007 for $0.
How much is this home worth?
The estimated value of the home located at 506 East Illinois Street is $116,824.
What are some comparable homes to 506 East Illinois Street?
Homes that are comparable to 506 East Illinois Street include a house property at 705 South Grove Street, 205 East Oregon Street, 306 South Lynn Street.

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