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! **
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$215,000
501 N Prospect Ave, Champaign, IL 61820
4beds
2,226sqft
Single Family Residence
Built in 1932
7,840.8 Square Feet Lot
$221,100 Zestimate®
$97/sqft
$2,291 Estimated rent
Home value
$221,100
$199,000 - $245,000
$2,291/mo
Zestimate® history
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List your homeWhat's special
Partially finished basementGenerous primary suiteFresh guttersAmple storageRefreshed kitchenWarm hardwoodsNew openers
Zillow last checked:
Listing updated:
Listing courtesy of:
Lisa Rector (217)356-6100,
KELLER WILLIAMS-TREC
Bought with:
Mark Waldhoff, CRS,GRI
KELLER WILLIAMS-TREC
Source: MRED as distributed by MLS GRID,MLS#: 12420188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Flooring (Hardwood)
- Level: Second
- Area: 256 Square Feet
- Dimensions: 16X16
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Second
- Area: 187 Square Feet
- Dimensions: 11X17
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Second
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 4
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Dining room
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11X13
Family room
- Level: Basement
- Area: 255 Square Feet
- Dimensions: 17X15
Kitchen
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 72 Square Feet
- Dimensions: 9X8
Laundry
- Level: Basement
- Area: 286 Square Feet
- Dimensions: 11X26
Living room
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 240 Square Feet
- Dimensions: 15X16
Office
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 224 Square Feet
- Dimensions: 14X16
Heating
- Natural Gas, Electric
Cooling
- None
Features
- Basement: Partially Finished,Partial
Interior area
- Total structure area: 3,327
- Total interior livable area: 2,226 sqft
- Finished area below ground: 902
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
Lot
- Size: 7,840 sqft
- Dimensions: 132 X 60
Details
- Parcel number: 412011285017
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Champaign
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Sold | $215,000-8.5%$97/sqft |
Source:  MRED as distributed by MLS GRID #12420188 Report a problem | ||
| 9/12/2025 | Contingent | $235,000$106/sqft |
Source: MRED as distributed by MLS GRID #12420188 Report a problem | ||
| 8/26/2025 | Price change | $235,000-1.1%$106/sqft |
Source: MRED as distributed by MLS GRID #12420188 Report a problem | ||
| 8/14/2025 | Price change | $237,500-1%$107/sqft |
Source: MRED as distributed by MLS GRID #12420188 Report a problem | ||
| 7/31/2025 | Price change | $240,000-4%$108/sqft |
Source: MRED as distributed by MLS GRID #12420188 Report a problem | ||
| 7/23/2025 | Listed for sale | $250,000+45.3%$112/sqft |
Source: MRED as distributed by MLS GRID #12420188 Report a problem | ||
| 6/30/2022 | Sold | $172,000-7%$77/sqft |
Source: MRED as distributed by MLS GRID #11403068 Report a problem | ||
| 6/1/2022 | Pending sale | $184,900$83/sqft |
Source: MRED as distributed by MLS GRID #11403068 Report a problem | ||
| 5/13/2022 | Listed for sale | $184,900$83/sqft |
Source: MRED as distributed by MLS GRID #11403068 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,731 +6.2% | $54,250 +9.8% |
| 2023 | $4,456 +22.4% | $49,410 +8.4% |
| 2022 | $3,640 +2.8% | $45,580 +2% |
| 2021 | $3,542 +4.5% | $44,690 +4% |
| 2020 | $3,390 -9.1% | $42,970 +2.1% |
| 2019 | $3,728 | $42,090 +1.6% |
| 2018 | $3,728 +21.9% | $41,430 +4% |
| 2017 | $3,058 +12% | $39,840 +2.1% |
| 2016 | $2,731 | $39,020 +1.8% |
| 2015 | $2,731 -15.3% | $38,330 |
| 2014 | $3,225 -12.4% | $38,330 -13.2% |
| 2013 | $3,680 +1.4% | $44,140 -2% |
| 2012 | $3,631 +0.1% | $45,040 |
| 2011 | $3,629 +0.9% | $45,040 -6.2% |
| 2010 | $3,597 | $48,040 |
| 2009 | -- | $48,040 |
| 2008 | -- | $48,040 +2.9% |
| 2007 | $3,392 +5% | $46,680 +6.9% |
| 2006 | $3,229 +3.8% | $43,670 +6.7% |
| 2005 | $3,110 +3.1% | $40,940 -0.9% |
| 2004 | $3,018 +9.9% | $41,310 +9.4% |
| 2003 | $2,746 +5.6% | $37,750 +12.6% |
| 2002 | $2,601 +6% | $33,530 +5.5% |
| 2001 | $2,453 +2.3% | $31,780 +2.2% |
| 2000 | $2,398 | $31,100 |
Find assessor info on the county website
Neighborhood: 61820
Nearby schools
GreatSchools rating
- 3/10Dr Howard Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Franklin Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Central High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- High: Centennial High School
- District: 4
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
- Champaign
- 61820
- 501 N Prospect Ave
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