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Off market
  • Tax assessed value
    $2,007,960

    705 E Colorado Ave, Urbana, IL 61801

    2beds
    0baths
    31,602sqft
    MultiFamily
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $64/sqft
    $1,585 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,585/mo

    Zestimate® history
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    What's special

    Great Opportunity to own a 26 Unit Apartment Building situated in a quiet neighborhood in Urbana! This 3 Story offers a total or 48 Bedrooms, a mix of 1 Bedroom, 2 Bedroom and 3 Bedrooms with a variety of floor plans. Kitchen Appliances include Dishwasher, Microwave & Garbage Disposal. All 2 & 3 Bedrooms include a Washer & Dryer. Shared Laundry Room On Site for 1 BR Apartments without W&D. Fiber Internet ran throughout with ethernet connections in each Living Room & all Bedrooms. 1st Floor Apartments have a Patio, 2nd & 3rd Floors have a Balcony. Secure Entry and Off Street Parking. MTD Bus Lines nearby. 1/2 Block to the Red Line and 2 Blocks to the Green Line which will take you to the Terminal Building by Downtown Champaign and the U of I Campus. Shopping and Dining close by. *Property Taxes have been updated and are correct.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 0
    Heating
    • Forced air
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Dryer, Washer
    • Laundry: In Unit
    Interior area
    • Total interior livable area: 31,602 sqft

    Property

    Parking
    • Parking features: Off-street
    Lot
    • Size: 0.87 Acres
    Details
    • Parcel number: 932121152042

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1977

    Community & HOA

    Location
    • Region: Urbana

    Financial & listing details

    • Price per square foot: $64/sqft
    • Tax assessed value: $2,007,960
    • Annual tax amount: $69,242

    Price history

    DateEventPrice
    5/24/2022Sold$1,800,000-5.3%$57/sqft
    Source: Public Record Report a problem
    11/9/2021Pending sale$1,900,000$60/sqft
    Source: RE/MAX International #11249923 Report a problem
    10/20/2021Listed for sale$1,900,000$60/sqft
    Source: RE/MAX International #11249923 Report a problem
    10/13/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/10/2021Listed for rent$860+6.7%
    Source: Zillow Rental Manager Report a problem
    4/5/2017Listing removed$806
    Source: Zillow Rental Manager Report a problem
    3/2/2017Listed for rent$806-1.7%
    Source: Zillow Rental Manager Report a problem
    2/19/2016Listing removed$820
    Source: Carriage Lane Report a problem
    2/17/2016Listed for rent$820+36.7%
    Source: Carriage Lane Report a problem
    6/23/2014Listing removed$600
    Source: Gillespie Management Report a problem
    3/24/2014Listed for rent$600-33%
    Source: Postlets Report a problem
    6/18/2013Listing removed$895
    Source: Gillespie Management Inc Report a problem
    3/20/2013Price change$895+1.7%
    Source: Gillespie Management Inc Report a problem
    3/18/2013Price change$880-1.7%
    Source: Gillespie Management Inc Report a problem
    1/9/2013Price change$895+6.5%
    Source: Gillespie Management Inc Report a problem
    11/28/2012Price change$840+104.9%
    Source: Gillespie Management Inc Report a problem
    10/21/2012Price change$410-53.4%
    Source: Gillespie Management Inc Report a problem
    9/7/2012Listed for rent$880+25.9%
    Source: Gillespie Management Inc Report a problem
    2/12/2011Listing removed$699
    Source: Gillespie Management Inc. Report a problem
    1/8/2011Price change$699-1.5%
    Source: Gillespie Management Inc. Report a problem
    1/1/2011Listed for rent$710
    Source: Gillespie Management Inc. Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$69,242 +6.3%$669,320 +9.6%
    2023$65,168 +6.7%$610,700 +8.6%
    2022$61,076 +2.3%$562,340 +1.9%
    2021$59,708 -56.5%$551,670 -56.7%
    2020$137,207 +245.5%$1,273,870 +181.7%
    2019$39,718 $452,250 +18.2%
    2018$39,718 -3.3%$382,690
    2017$41,082 +0.5%$382,690
    2016$40,870 $382,690
    2015$40,870 +0.7%$382,690
    2014$40,569 +1.3%$382,690
    2013$40,037 +11.6%$382,690
    2012$35,860 +5.9%$382,690
    2011$33,855 +2.5%$382,690 -1.6%
    2010$33,027 $388,910
    2009-- $388,910 +1.3%
    2008-- $383,910 +1.8%
    2007$30,730 $377,120
    Find assessor info on the county website

    Neighborhood: 61801

    Nearby schools

    GreatSchools rating