OFF MARKET

Off market apr 2024 for $504K

—

Est. refi paymentEst. refi $3,368/mo

•

6 ba

•

—

sq ft

309 W Springfield Ave, Urbana, IL 61801

About this home

Welcome to this prime investment opportunity in the heart of Urbana! This well-maintained 6-unit building, with a new roof, gutters & siding and outside stairway in '22, offers an excellent blend of modern convenience and strategic location. The building is thoughtfully designed with three units on each floor, providing a consistent and efficient layout for all residents. Each unit in the building features a well-designed floor plan with two bedrooms and one bathroom, ensuring a comfortable and functional living space. Unit 3 and unit 5 have recently been remodeled. The property boasts strong rental potential, making it an ideal choice for investors seeking a reliable income stream. Its strategic location between the UIUC campus and downtown Urbana offers residents convenient access to both academic and recreational pursuits.

Multi-familyProperty Type

1977Year Built

6,555 sq ftLot Size

Listed by Nick Taylor • Taylor Realty Associates

Bought with Hazem Jaber • Coldwell Banker R.E. Group

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #11969828

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 61801, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.5%

0.3% MoM

Median sale price

$228K

$12K MoM

Avg. days on market

46d

2 days MoM

Recently sold homes

1 MoM

New listings for sale

$165,000
2 beds1 bath731 sq ft
503 S Anderson St, Urbana, IL 61801
$265,000
4 beds3 baths2,324 sq ft
1002 Shurts St, Urbana, IL 61801
$160,000
2 beds1 bath690 sq ft
205 E Oregon St, Urbana, IL 61801
$365,000
— beds— baths— sq ft
117 N Broadway, Urbana, IL 61801
$164,900
3 beds1 bath845 sq ft
1104 E Delaware Ave, Urbana, IL 61801
OPEN SUN, 1PM TO 3PM
$220,000
4 beds2.5 baths2,009 sq ft
1107 Mitchem Dr, Urbana, IL 61801
3D WALKTHROUGH
$375,000
4 beds2.5 baths2,174 sq ft
2404 Provine Cir, Urbana, IL 61801
$125,000
2 beds1 bath821 sq ft
1510 Delmont Ct #4, Urbana, IL 61801
See all

Provided by Redfin

Sale history for 309 W Springfield Ave

Date

Event

Price

MRED as Distributed by MLS Grid #11969828

Apr 25, 2024

Sold (MLS) (Closed)

$504,000

Mar 27, 2024

Contingent (Contingent - Continue to Show)

—

Feb 7, 2024

Listed (Active)

$549,900

MRED as Distributed by MLS Grid #11438630

Aug 15, 2022

Sold (MLS)

$505,000

Jun 17, 2022

Listed

$550,000

MRED as Distributed by MLS Grid #11443974

Jul 1, 2022

Listing Removed

—

Public Records

Jul 28, 2011

Sold

$330,000

MRED as Distributed by MLS Grid #09440151

Jul 6, 2011

Listing Removed

—

MRED as Distributed by MLS Grid #09425708

Mar 26, 2004

Sold (MLS)

$298,000

Feb 6, 2004

Listing Removed

—

Feb 2, 2004

Listed

$339,900

Public Records

Feb 13, 1998

Sold

$140,000

Year

Property tax

Land + Additions

Assessment*

2025

$14,537 (+3.7%)

$30,660 + $113,090

$143,750

2024

$14,014 (+6.3%)

$30,660 + $113,090

$143,750

2023

$13,187 (+6.7%)

$28,980 + $106,890

$135,870

2022

$12,357 (+7.6%)

$26,440 + $97,530

$123,970

2021

$11,485 (+7.5%)

$24,350 + $89,810

$114,160

2020

$10,682 (+2.9%)

$22,690 + $83,700

$106,390

2019

$10,378 (+19.5%)

$21,180 + $78,130

$99,310

2018

$8,681 (−3.3%)

$17,920 + $66,110

$84,030

2017

$8,981 (+0.6%)

$17,920 + $66,110

$84,030

2016

$8,931 (+3.9%)

$17,920 + $66,110

$84,030

2015

$8,600 (+2.7%)

$17,070 + $62,960

$80,030

2013

$8,372

$17,070 + $62,960

$80,030

Tax history for 309 W Springfield Ave

Year

Property tax

Land + Additions

Assessment*

2025

$14,537 (+3.7%)

$30,660 + $113,090

$143,750

2024

$14,014 (+6.3%)

$30,660 + $113,090

$143,750

2023

$13,187 (+6.7%)

$28,980 + $106,890

$135,870

2022

$12,357 (+7.6%)

$26,440 + $97,530

$123,970

2021

$11,485 (+7.5%)

$24,350 + $89,810

$114,160

2020

$10,682 (+2.9%)

$22,690 + $83,700

$106,390

2019

$10,378 (+19.5%)

$21,180 + $78,130

$99,310

2018

$8,681 (−3.3%)

$17,920 + $66,110

$84,030

2017

$8,981 (+0.6%)

$17,920 + $66,110

$84,030

2016

$8,931 (+3.9%)

$17,920 + $66,110

$84,030

2015

$8,600 (+2.7%)

$17,070 + $62,960

$80,030

2013

$8,372

$17,070 + $62,960

$80,030

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

6,601 Sq. Ft.

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Champaign County

APN

922117135003

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 28, 2026.

Neighborhood Business-Arterial District

The B-2, Neighborhood Business-Arterial District is intended to provide areas of limited size along arterial streets in proximity to low density residential areas for a limited range of basic commercial trade and personal services. This district is also intended to provide areas for new high density residential uses. These business and residential uses may occur in the same structure. Due to the location of arterial streets in many residential neighborhoods where commercial and high density residential uses would not be appropriate, the B-2 District shall be limited to only those areas that have been so designated by the City’s adopted Comprehensive Plan and related amendments.

Permitted uses

Include but are not limited to:

Bank
Convenience store
Day care facility
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Multiple units
Bed & breakfast
Office

Property details

Exterior

Building Information
# of Units: 6
Built Before 1978 (Y/N): Yes

Property Information
Property Type: Multi Family 5+
Parcel Number: 922117135003

Lot Information
Dimensions: 57X115

Financial

Tax Information
Tax Annual Amount: $12,356
Tax Year: 2022

Financial Information
Finance Code: Conventional
Gross Rent Multiplier: 9.16
Total Monthly Income: $4,665
Gross Income: $55,980

Utilities

Heating & Cooling
Heat/Ventilation: Baseboard
Cooling: Window Unit(s)

Location

Unit Type 1 Information
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 6
Monthly Income: $735
Monthly Income Max: $855

Location Information
Township: Cunningham
Directions: From Lincoln, East on Springfield to building

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 6,601 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Champaign County
APN: 922117135003

Home facts updated by county records on Oct 28, 2026

Other

Expense Information
Insurance Expense: $4,316

Listing Information
Possession: Closing, Tenant's Rights
Some Photos Virtually Staged?: No

Around this home

Schools

Leal Elementary School

Public K-5 • Assigned • 0.3mi

5/10

Urbana Middle School

Public 6-8 • Assigned • 0.7mi

3/10

Urbana High School

Public 9-12 • Assigned • 0.6mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

4/10 Flood Factor

Estimated 19-29% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 104° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Urbana, IL • 61801

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Sell confidently with a local market expert in Urbana. 3 minutes to get started.

Nearby similar homes

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Well maintained • Prime location • On site laundry

New listings for sale in 61801

$165,000

2 beds1 bath731 sq ft

503 S Anderson St, Urbana, IL 61801

6,327 sq ft lot • 4 garage spots • Listed 5 days

$265,000

4 beds3 baths2,324 sq ft

1002 Shurts St, Urbana, IL 61801

Finished lower level • Fireplace • Deck

$160,000

2 beds1 bath690 sq ft

205 E Oregon St, Urbana, IL 61801

6,969 sq ft lot • 2 parking spots • Built 1878

$365,000

— beds— baths— sq ft

117 N Broadway, Urbana, IL 61801

2,330 sq ft lot • Built 1920 • Listed 7 days

$164,900

3 beds1 bath845 sq ft

1104 E Delaware Ave, Urbana, IL 61801

6,098 sq ft lot • 2 garage spots • Built 1953

OPEN SUN, 1PM TO 3PM

$220,000

4 beds2.5 baths2,009 sq ft

1107 Mitchem Dr, Urbana, IL 61801

Open-concept kitchen • Two primary suites • 0.25 acre lot

3D WALKTHROUGH

$375,000

4 beds2.5 baths2,174 sq ft

2404 Provine Cir, Urbana, IL 61801

Cul de sac • 0.35 acre lot • 2 garage spots

$125,000

2 beds1 bath821 sq ft

1510 Delmont Ct #4, Urbana, IL 61801

Natural light • Wood floors • Updated appliance

Home values near 309 W Springfield Ave

Data from public records.

Address	Redfin Estimate
312 Springfield Ave, Urbana, IL - Beds \| - Baths \| - Sq. Ft.	—
404 West Elm St, Urbana, IL 3 Beds \| 3 Baths \| 2619 Sq. Ft.	$283,979

Address	Redfin Estimate
306 West Elm St, Urbana, IL 4 Beds \| 1.5 Baths \| 1938 Sq. Ft.	$275,420
302 West Elm St, Urbana, IL 4 Beds \| 1.5 Baths \| 1800 Sq. Ft.	$223,863

Address	Redfin Estimate
309 West Elm St, Urbana, IL 5 Beds \| 3 Baths \| 2608 Sq. Ft.	$390,924

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 61801, IL

Sale history for 309 W Springfield Ave

Tax history for 309 W Springfield Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 61801

Home values near 309 W Springfield Ave

More real estate resources