Sold512d on market
706 E Colorado Ave
Urbana, IL, 61801 • 61801 • Champaign County
$185,000
6Beds
2Baths
0.28 acLot
1977Built
Property DNA
Bi-Level Style
Built 1977 · 49 years of history
2-Car Garage
On Site · Garage Owned · Attached · Garage
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
512 days on market
Established listing
About this home
Multi Family · Built 1977
Discover instant income potential in this 2 unit bi-level just east of U of I campus near shopping, restaurants and entertainment. Both units offer spacious living rooms, dining area, kitchen, three bedrooms and 1 bath. One garage slot included with each. Could also be converted back to a single family home. Add this beauty to your portfolio today!
Standout features identified
Our analysis highlights dining area and three bedrooms as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,219/month
Principal & Interest$972
Property Tax$185
Insurance$62
Down payment20% ($37,000)
3%50%
Est. 6.88% rate · 30yr fixed · $148,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1977
HeatingNatural Gas
Parking2 Attached Garage spaces
Property
Home typeMulti Family
Sub-typeMulti Family
StyleBi-Level
Year built1977
Systems
HeatingNatural Gas
ConstructionVinyl Siding, Brick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Site, Garage Owned, Attached, Garage
Garage2 spaces
BasementNone
Lot0.28 Acres
Location & Tax
Neighborhood61801
Annual tax$6,480
Parcel932121106014
Bathrooms & Fees
Full baths2
Features & details
3 categories of property features
Interior Features
Heating
Natural Gas
Exterior Features
Parking
On Site
Garage Owned
Attached
Garage
Construction
Vinyl Siding
Brick
Listing insights
Market data and value estimates
StatusSold
Days on market512
Est. value$197,300
Est. rent$1,422/mo
Tax rate2.17%
On marketSep 11, 2024
PostedSep 11, 2024
Last sold$185,000
MLS statusClosed
MLS updatedNov 14, 2024
Tour days6
Views8
How are the schools in Urbana?
3 schools rated nearby
Location
Urbana, IL, 61801
Price history
3 events
DateEventPrice$/sqftSource
Nov 12, 2024Sold$185,000—MRED as distributed by MLS GRID
Sep 30, 2024Contingent$219,900—MRED as distributed by MLS GRID
Sep 11, 2024Listed For Sale$219,900—MRED as distributed by MLS GRID
Sold$185,000
Nov 12, 2024•MRED as distributed by MLS GRID
Contingent$219,900
Sep 30, 2024•MRED as distributed by MLS GRID
Listed For Sale$219,900
Sep 11, 2024•MRED as distributed by MLS GRID
Tax history
25 years of records
YearTax paidAssessed value
Apr 9, 2024$6,888$66,700
Apr 9, 2023$6,481$60,850
Apr 9, 2022$6,073$56,030
Apr 9, 2021$5,643$52,220
Apr 9, 2020$5,461$50,700
Apr 9, 2019$5,282$50,700
Apr 9, 2018$5,282$51,060
Apr 9, 2017$5,348$49,970
Apr 9, 2016$5,215$48,990
Apr 9, 2015$5,215$48,990
Apr 9, 2014$5,193$48,990
Apr 9, 2013$5,125$48,990
Apr 9, 2012$4,591$48,990
Apr 9, 2011$4,334$48,990
Apr 9, 2010$4,228$49,790
Apr 9, 2009—$49,790
Apr 9, 2008—$46,240
Apr 9, 2007$3,686$45,420
Apr 9, 2006$3,642$44,360
Apr 9, 2005$3,929$47,590
Apr 9, 2004$3,911$46,120
Apr 9, 2003$3,829$44,950
Apr 9, 2002$3,604$41,810
Apr 9, 2001$3,566$41,320
Apr 9, 2000$3,471$40,390
Nearby homes
Neighborhood details
Local context around this listing
Urbana, IL • Champaign County
Nearby neighborhoods
Downtown
Nearby cities
ChampaignHomerMahometRantoulSaint JosephSavoySeymourTolono
Nearby zip codes
61801618026180361874
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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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