This is a coveted location that always rents easily. This property has been cared for by the owner and it shows. 403 Coler is a 2 unit property with newer kitchens, fresh and interesting interiors, a spiral staircase, and a loft apartment. Easy to rent. Rented through 7/24. The front unit is a one 3bedroom 1bathroom and rents for 1,100 per month. The backside unit is a loft apartment that rents for 700 per month. Each unit has a parking space and separate entrances. Shared laundry in the basement. Tenants pay their own Heat/Gas/electric and wifi. This is a low maintenance cash flowing investment property in a great neighborhood that I would argue is currently under rented. Close to campus yet tucked into West Urbana. Most comparable 1bedroom units rent for 895 and comps for 3bedroom units range in the 500 per bedroom range. This is a well above average rental with significant cashflow upside for 24-25. Don't miss this!
Closed
$190,000
403 S Coler Ave, Urbana, IL 61801
4beds
--sqft
Multi Family
Built in 1940
-- sqft lot
$222,300 Zestimate®
$--/sqft
$1,047 Estimated rent
Home value
$222,300
$209,000 - $236,000
$1,047/mo
Zestimate® history
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List your homeWhat's special
Spiral staircaseFresh and interesting interiorsClose to campusNewer kitchensGreat neighborhood
Zillow last checked:
Listing updated:
Listed by:
Jonah Weisskopf 217-369-2150,
Weiner Co., Ltd.
Bought with:
Daniel Gordon
RE/MAX REALTY ASSOCIATES-CHA
Source: MRED as distributed by MLS GRID,MLS#: 11887452
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Partial
Property
Features
- Patio & porch: Deck
Lot
- Size: 2,856 Square Feet
- Dimensions: 49.5 X 57.71
Details
- Parcel number: 922117108014
- Special conditions: None
- Other equipment: TV-Cable
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Urbana
Financial & listing details
- Tax assessed value: $202,260
- Annual tax amount: $6,131
- Date on market: 9/27/2023
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2024 | Sold | $190,000-2.1% |
Source:  MRED as distributed by MLS GRID #11887452 Report a problem | ||
| 11/9/2023 | Contingent | $194,000 |
Source: MRED as distributed by MLS GRID #11887452 Report a problem | ||
| 10/16/2023 | Price change | $194,000-2.5% |
Source: MRED as distributed by MLS GRID #11887452 Report a problem | ||
| 9/27/2023 | Listed for sale | $199,000+47.4% |
Source: MRED as distributed by MLS GRID #11887452 Report a problem | ||
| 10/6/2006 | Sold | $135,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,954 +6.3% | $67,420 +9.6% |
| 2023 | $6,543 +6.7% | $61,510 +8.6% |
| 2022 | $6,131 +7.6% | $56,640 +7.3% |
| 2021 | $5,699 +3.4% | $52,790 +3% |
| 2020 | $5,513 +3.4% | $51,250 |
| 2019 | $5,332 | $51,250 -0.7% |
| 2018 | $5,332 -3.3% | $51,610 |
| 2017 | $5,516 +3.6% | $51,610 +3% |
| 2016 | $5,326 | $50,110 |
| 2015 | $5,326 +3.8% | $50,110 +3.5% |
| 2014 | $5,133 -0.7% | $48,420 -2% |
| 2013 | $5,168 +11.6% | $49,400 |
| 2012 | $4,629 +5.9% | $49,400 |
| 2011 | $4,370 +2.5% | $49,400 -1.6% |
| 2010 | $4,264 | $50,210 |
| 2009 | -- | $50,210 +4% |
| 2008 | -- | $48,280 +1.8% |
| 2007 | $3,665 +1.2% | $47,420 +7.5% |
| 2006 | $3,621 +6.5% | $44,110 +7.1% |
| 2005 | $3,400 +10.5% | $41,180 +3.2% |
| 2004 | $3,076 +11.3% | $39,900 +12.9% |
| 2003 | $2,763 +7.8% | $35,350 +18.9% |
| 2002 | $2,562 +2.4% | $29,720 +2.6% |
| 2001 | $2,500 +6.5% | $28,970 +6% |
| 2000 | $2,349 | $27,330 |
Find assessor info on the county website
Neighborhood: 61801
Nearby homes
- $--1 bd1 ba560 sqft403 S Coler Ave APT 2, Urbana, IL 61801Off Market
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Nearby schools
GreatSchools rating
- 5/10Leal Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Urbana Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Urbana High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Leal 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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- Illinois
- Champaign County
- Urbana
- 61801
- 403 S Coler Ave
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