Sold161d on marketHistoric · 94 yrs
501 N Prospect Ave
Champaign, IL, 61820 • 61820 • Champaign County
$215,000
$97/sqft
4Beds
2Baths
2,226Sqft
0.18 acLot
1932Built
Property DNA
Character Home
Built 1932 · 94 years of history
2-Car Garage
On Site · Garage Owned · Attached · Garage
This home is getting attention
Listed 161 days ago · 14 views
Market activity
Demand and pricing signals for this listing
14 views
People checking out this listing
161 days on market
Established listing
$97/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 25% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1932 · Historic
Enter into timeless charm with modern convenience in this beautifully updated historic two-story home in Champaign. Featuring 4 spacious bedrooms and 2.5 stylishly updated bathrooms, this home blends classic character with thoughtful upgrades throughout. The main level showcases brand-new laminate flooring while the upper level boasts warm hardwoods. Enjoy cooking and entertaining in the refreshed kitchen with updated appliances, and unwind in the generous primary suite with a large walk-in closet. The partially finished basement offers ample storage, and the attached 2-car garage includes durable epoxy flooring, shelving, new openers, and fresh gutters. Major updates include a new furnace for the lower level (2023), electric panel (2024), radon system (2025), water heater (2023), light fixtures, garage door openers, and more. Located near parks, restaurants, and shops, this home is a perfect blend of location, history, and modern living. ** VERY MOTIVATED SELLER! **
Standout features identified
Our analysis highlights partially finished basement, generous primary suite, and fresh gutters as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,417/month
Principal & Interest$1,130
Property Tax$215
Insurance$72
Down payment20% ($43,000)
3%50%
Est. 6.88% rate · 30yr fixed · $172,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1932
HeatingNatural Gas, Electric
CoolingNone
Parking2 Attached Garage spaces
Lot7,840 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1932
Stories2
Systems
HeatingNatural Gas, Electric
CoolingNone
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Site, Garage Owned, Attached, Garage
Garage2 spaces
BasementPartially Finished,Partial
Lot7,840 sqft
Location & Tax
Neighborhood61820
Annual tax$4,207
Parcel412011285017
Bathrooms & Fees
Full baths2
Features & details
5 categories of property features
Interior Features
Heating
Natural Gas
Electric
Cooling
None
Accessibility
No Disability Access
Exterior Features
Parking
On Site
Garage Owned
Attached
Garage
Construction
Vinyl Siding
Room details
19 rooms detailed
Master Bedroom
Second16×16 ft256 sqft
Flooring (Hardwood)
Bedroom2
Second11×17 ft187 sqft
Flooring (Hardwood)
Bedroom3
Second12×11 ft132 sqft
Flooring (Hardwood)
Bedroom4
Main12×11 ft132 sqft
Flooring (Wood Laminate)
Other
Other
Listing insights
Market data and value estimates
StatusSold
Days on market161
Est. value$222,400
Est. rent$1,863/mo
Tax rate2.17%
Price/sqft$97
On marketJul 23, 2025
PostedJul 23, 2025
Last sold$215,000
MLS statusClosed
MLS updatedOct 30, 2025
Tour days6
Views14
How are the schools in Champaign?
3 schools rated nearby
Location
Champaign, IL, 61820
Price history
9 events
DateEventPrice$/sqftSource
Oct 28, 2025Sold$215,000$97MRED as distributed by MLS GRID
Sep 12, 2025Contingent$235,000$106MRED as distributed by MLS GRID
Aug 26, 2025Price Change$235,000$106MRED as distributed by MLS GRID
Aug 14, 2025Price Change$237,500$107MRED as distributed by MLS GRID
Jul 31, 2025Price Change$240,000$108MRED as distributed by MLS GRID
Jul 23, 2025Listed For Sale$250,000$112MRED as distributed by MLS GRID
Jun 30, 2022Sold$172,000$77MRED as distributed by MLS GRID
Jun 1, 2022Pending Sale$184,900$83MRED as distributed by MLS GRID
May 13, 2022Listed For Sale$184,900$83MRED as distributed by MLS GRID
Sold$215,000
Oct 28, 2025•$97/sqft•MRED as distributed by MLS GRID
Contingent$235,000
Sep 12, 2025•$106/sqft•MRED as distributed by MLS GRID
Price Change$235,000
Aug 26, 2025•$106/sqft•MRED as distributed by MLS GRID
Price Change$237,500
Aug 14, 2025•$107/sqft•MRED as distributed by MLS GRID
Price Change$240,000
Jul 31, 2025•$108/sqft•MRED as distributed by MLS GRID
Listed For Sale$250,000
Jul 23, 2025•$112/sqft•MRED as distributed by MLS GRID
Sold$172,000
Jun 30, 2022•$77/sqft•MRED as distributed by MLS GRID
Pending Sale$184,900
Jun 1, 2022•$83/sqft•MRED as distributed by MLS GRID
Listed For Sale$184,900
May 13, 2022•$83/sqft•MRED as distributed by MLS GRID
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2024$4,731$54,250
Apr 8, 2023$4,456$49,410
Apr 8, 2022$3,640$45,580
Apr 8, 2021$3,542$44,690
Apr 8, 2020$3,390$42,970
Apr 8, 2019$3,728$42,090
Apr 8, 2018$3,728$41,430
Apr 8, 2017$3,058$39,840
Apr 8, 2016$2,731$39,020
Apr 8, 2015$2,731$38,330
Apr 8, 2014$3,225$38,330
Apr 8, 2013$3,680$44,140
Apr 8, 2012$3,631$45,040
Apr 8, 2011$3,629$45,040
Apr 8, 2010$3,597$48,040
Apr 8, 2009—$48,040
Apr 8, 2008—$48,040
Apr 8, 2007$3,392$46,680
Apr 8, 2006$3,229$43,670
Apr 8, 2005$3,110$40,940
Apr 8, 2004$3,018$41,310
Apr 8, 2003$2,746$37,750
Apr 8, 2002$2,601$33,530
Apr 8, 2001$2,453$31,780
Apr 8, 2000$2,398$31,100
Nearby homes
Neighborhood details
Local context around this listing
Champaign, IL • Champaign County
Nearby cities
ChampaignHomerMahometRantoulSaint JosephSavoySeymourTolono
Nearby zip codes
6181561820618216182261824618256182661874
Similar homes
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](/mls-disclaimers/#17)
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