Excellent near-campus investment opportunity with stable rental income and strong long-term appeal. Located in a desirable area close to campus, this property is well positioned for consistent tenant demand and dependable cash flow. The current lease generates $1,575 per month through July 2026, with rent increasing to $1,665 per month through July 2027, offering immediate income and scheduled revenue growth. Ideal for investors searching for a reliable near-campus rental property, income-producing asset, or well-located addition to a real estate portfolio.
Active
Price cut: $11K (9/9)
$199,000
309 S Coler Ave, Urbana, IL 61801
4beds
1,471sqft
Single Family Residence
Built in 1908
4,000 Square Feet Lot
$196,400 Zestimate®
$135/sqft
$-- HOA
What's special
- 193 days
- 655
- 29
Zillow last checked:
Listing updated:
Listed by:
Nicholas Ward 217-840-0388,
JOEL WARD HOMES, INC
Source: MRED as distributed by MLS GRID,MLS#: 12603714
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: No additional rooms
Primary bedroom
- Features: Bathroom (Full)
- Level: Second
- Area: 120 Square Feet
- Dimensions: 10X12
Bedroom 2
- Level: Second
- Area: 99 Square Feet
- Dimensions: 9X11
Bedroom 3
- Level: Second
- Area: 99 Square Feet
- Dimensions: 9X11
Bedroom 4
- Level: Second
- Area: 90 Square Feet
- Dimensions: 10X9
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10X12
Living room
- Level: Main
- Area: 195 Square Feet
- Dimensions: 13X15
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Basement: Finished,Egress Window,Full
- Number of fireplaces: 1
Interior area
- Total structure area: 2,243
- Total interior livable area: 1,471 sqft
- Finished area below ground: 772
Property
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
Lot
- Size: 4,000 Square Feet
- Dimensions: 40X100
Details
- Parcel number: 922117107015
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1908
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Services included: None
Location
- Region: Urbana
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $156,180
- Annual tax amount: $5,075
- Date on market: 3/27/2026
- Ownership: Fee Simple
Estimated market value
$196,400
$187,000 - $206,000
$2,052/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $199,000-5.2%$135/sqft |
Source:  MRED as distributed by MLS GRID #12603714 Report a problem | ||
| 7/27/2026 | Contingent | $210,000$143/sqft |
Source: MRED as distributed by MLS GRID #12603714 Report a problem | ||
| 3/27/2026 | Listed for sale | $210,000+40%$143/sqft |
Source: MRED as distributed by MLS GRID #12603714 Report a problem | ||
| 4/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/5/2024 | Listed for rent | $1,575-12.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/27/2023 | Sold | $150,000-6.3%$102/sqft |
Source: MRED as distributed by MLS GRID #11785400 Report a problem | ||
| 3/12/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/19/2020 | Listed for rent | $1,800-2.7%$1/sqft |
Source: Owner Report a problem | ||
| 2/3/2020 | Listing removed | $1,850$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/18/2019 | Price change | $1,850+23.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/21/2019 | Price change | $1,495-19.2%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/11/2019 | Listed for rent | $1,850$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/11/2018 | Sold | $160,000$109/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,658 -8.2% | $52,060 +5.8% |
| 2024 | $5,076 +6.3% | $49,210 +9.6% |
| 2023 | $4,776 +6.7% | $44,900 +8.6% |
| 2022 | $4,476 +7.6% | $41,350 +7.3% |
| 2021 | $4,160 +3.4% | $38,540 +3% |
| 2020 | $4,025 +3.4% | $37,420 |
| 2019 | $3,893 | $37,420 -0.7% |
| 2018 | $3,893 -3.3% | $37,680 |
| 2017 | $4,027 +3.6% | $37,680 +3% |
| 2016 | $3,888 | $36,580 |
| 2015 | $3,888 +3.7% | $36,580 +3.5% |
| 2014 | $3,748 -0.7% | $35,350 -2% |
| 2013 | $3,774 -40.9% | $36,070 |
| 2012 | $6,382 +100% | $36,070 |
| 2011 | $3,191 +2.5% | $36,070 -1.6% |
| 2010 | $3,113 | $36,660 -23.1% |
| 2009 | -- | $47,670 +5.1% |
| 2008 | -- | $45,370 +1.8% |
| 2007 | $3,443 +1.2% | $44,560 +7.5% |
| 2006 | $3,402 +6.3% | $41,440 +6.9% |
| 2005 | $3,200 +10.6% | $38,760 +3.2% |
| 2004 | $2,894 +11.3% | $37,550 +12.9% |
| 2003 | $2,600 +7.9% | $33,260 +19% |
| 2002 | $2,410 +2.5% | $27,960 +2.6% |
| 2001 | $2,351 +6.4% | $27,240 +6% |
| 2000 | $2,209 | $25,710 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 61801
Nearby schools
Schools provided by the listing agent
- Elementary: Urbana Elementary School
- Middle: Urbana Middle School
- High: Urbana High School
- District: 116
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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