FOR SALE — INVESTOR PROPERTY - Turnkey 5BR/3BA Student Rental Near UI Vet School | High-Demand, Low-Vacancy -Rare opportunity to acquire a fully-rented, furnished, 5-bedroom, 3-bath student rental in Urbana, IL, located minutes from the UI Vet School — one of the most stable and reliable tenant pools in the region. This property has a long history of renting to Grad and Vet students who stay multiple years, creating consistent cash flow and minimal turnover.
PROPERTY FEATURES:
5 true bedrooms
3 full bathrooms
Finished basement with 2 bedrooms + living area, second kitchenette and laundry area
Corner lot with fenced yard and patio
Garage + driveway parking
Washer/dryer included
Strong rental history with Grad and Vet students
Easy to rent year after year
INVESTMENT HIGHLIGHTS
Historically low vacancy
High demand from Grad and Vet students (stable, long-term tenants)
Turnkey setup for multi-tenant living
Ideal for out-of-state or hands-off investors
Perfect for parents wanting housing for their Vet student while renting the other rooms
Financials, rent roll, and pro forma available upon request
Sold for $280,000
$280,000
502 E Harding Dr, Urbana, IL 61801
5beds
1,798sqft
SingleFamily
Built in 1956
10,454 Square Feet Lot
$-- Zestimate®
$156/sqft
$2,466 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,466/mo
Zestimate® history
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Second kitchenetteCorner lotFenced yard and patioLaundry area
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Finished
Interior area
- Total interior livable area: 1,798 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage - Attached, Off-street, On-street
Features
- Exterior features: Other
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 932120280003
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Sewer-Public
Community & HOA
Location
- Region: Urbana
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $231,750
- Annual tax amount: $7,976
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Sold | $280,000-3.4%$156/sqft |
Source: Public Record Report a problem | ||
| 6/1/2026 | Pending sale | $289,900$161/sqft |
Source: Owner Report a problem | ||
| 4/2/2026 | Listed for sale | $289,900+36.4%$161/sqft |
Source: Owner Report a problem | ||
| 3/12/2020 | Sold | $212,500-5.6%$118/sqft |
Source:  MRED as distributed by MLS GRID #10513945 Report a problem | ||
| 2/10/2020 | Pending sale | $225,000$125/sqft |
Source: RE/MAX Choice #10513945 Report a problem | ||
| 12/17/2019 | Price change | $225,000-2.1%$125/sqft |
Source: RE/MAX Choice #10513945 Report a problem | ||
| 11/4/2019 | Listed for sale | $229,900+129.9%$128/sqft |
Source: RE/MAX Choice #10513945 Report a problem | ||
| 9/27/2018 | Sold | $100,000-9%$56/sqft |
Source: MRED as distributed by MLS GRID #09950226 Report a problem | ||
| 7/3/2018 | Pending sale | $109,900$61/sqft |
Source: RE/MAX REALTY ASSOCIATES-CHA #09950226 Report a problem | ||
| 6/21/2018 | Listed for sale | $109,900$61/sqft |
Source: RE/MAX REALTY ASSOCIATES-CHA #09950226 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,976 +6.3% | $77,250 +9.6% |
| 2023 | $7,505 +6.7% | $70,480 +8.6% |
| 2022 | $7,033 +7.6% | $64,900 +7.3% |
| 2021 | $6,535 +22.8% | $60,480 +9.2% |
| 2020 | $5,321 +3.3% | $55,400 |
| 2019 | $5,151 | $55,400 -0.7% |
| 2018 | $5,151 -1% | $55,790 +2.2% |
| 2017 | $5,201 +2.8% | $54,600 +2% |
| 2016 | $5,059 | $53,530 |
| 2015 | $5,059 +0.4% | $53,530 |
| 2014 | $5,039 +1.6% | $53,530 +0.2% |
| 2013 | $4,961 +11.7% | $53,420 |
| 2012 | $4,443 0% | $53,420 |
| 2011 | $4,444 +0.8% | $53,420 -6.5% |
| 2010 | $4,410 | $57,140 -1.4% |
| 2009 | -- | $57,930 +0.5% |
| 2008 | -- | $57,620 +1.8% |
| 2007 | $4,058 +1.4% | $56,600 +5.4% |
| 2006 | $4,000 +4.1% | $53,720 +4.3% |
| 2005 | $3,840 +5.1% | $51,520 +3.2% |
| 2004 | $3,656 +2.4% | $49,920 +6.5% |
| 2003 | $3,570 +6.9% | $46,890 +11% |
| 2002 | $3,339 +4.5% | $42,240 +4.2% |
| 2001 | $3,196 +3% | $40,530 +2.3% |
| 2000 | $3,104 | $39,620 |
Find assessor info on the county website
Neighborhood: 61801
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Nearby schools
GreatSchools rating
- 5/10Leal Elementary SchoolGrades: K-5Distance: 1.1 mi
- 3/10Urbana Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Urbana High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Yankee Ridge Elementary School
- Middle: Urbana Middle School
- High: Urbana High School
Source: The MLS. 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
- 502 E Harding Dr
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