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508 W Columbia Ave, Champaign, IL, 61820

$265,000

Home List Price

$3,147*

Closing Credit

7 Bedrooms
4 Baths
House

Location

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508 W Columbia Ave, Champaign$265,000

Buyer Closing Credits

$3,147*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
HeatingNatural Gas, Forced Air
BasementYes
MLS #12056691
StatusAccepting Backup Offers
(Contingent)

About 508 W Columbia Ave

Three unit multifamily house great for an investor looking to add to their portfolio. All units have been recently remodeled. The three units include a 3bed/2bath, 3bed/1bath, and a 1bed/1bath within a two story converted house. This property has an impressive rental history and is currently fully leased through the end of July, 2024, with two of three units rented through 2025. Laundry machines located in the basement for use by the entire property. Laundry machines located in the basement for use by the entire property. Conveniently located in central Champaign with easy access to downtown along with the surrounding CU community. This will be sold as a package with the other investment properties.

Property Details

Property Features

Listing Office:

  • Office Name: Ramshaw Real Estate
  • Listing Agent: Jordan Dunahee

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: East on Columbia Ave from Prospect Ave. House is on the north side of the street between Lynn and Elm St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,000

Tax Information:

  • Annual Amount: $3,609
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Champaign, IL.

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Champaign, IL

City

Med. Sold Price

$234.7K

Med. Price/SqFt

$147

Avg. Days On Market

25

# of Sold Homes

62

508 W Columbia Ave vs Champaign

201 DAYS ON ROCKET

+176 Days

$265,000

+$30.2K More

KEY TAKEAWAY

This property is $30.2K more than the Median Sold Price in Champaign, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12056691

Listing Office:

  • Office Name: Ramshaw Real Estate
  • Listing Agent: Jordan Dunahee

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:16:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 17, 2020Home Sold
$250,000
Sep 13, 2005Home Sold
$63,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,609$39,360
2019$3,492$38,550
2018$3,414$37,940
2017$3,428$37,940

History based on county public records data.

Payment Calculator

$1,390

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-787645
3
/10

  • Washington Elementary School

  • 606 E Grove St

  • 0.16 miles

  • Public District Grades KG-5

school-card-donut-787646
3
/10

  • Dr. Martin Luther King Jr. Elementary School

  • 1108 Fairview Ave

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-787647
5
/10

  • Stratton Elementary School

  • 902 N Randolph St

  • 0.74 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,314. Typical income of Champaign, IL residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Champaign, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Champaign, IL.

Champaign, Illinois, offers a diverse housing market with a mix of architectural styles that cater to a range of preferences. The housing landscape is predominantly composed of single-family homes, which make up a significant portion of the market. These homes feature a blend of contemporary, ranch, and bungalow styles, reflecting the city's architectural evolution. Apartments and condominiums are also available, particularly in areas closer to the University of Illinois campus, providing options for students and professionals alike. The homeownership rate in Champaign is robust, with a healthy balance between owners and renters within the community.

What is it like to live in Champaign, IL?

Champaign is celebrated for its vibrant college-town atmosphere, enriched by the presence of the University of Illinois. The community prides itself on a blend of academic influence and Midwestern charm, offering a variety of cultural and sporting events that draw both residents and visitors. The city's character is further defined by its array of parks and recreational facilities, which contribute to a lively and active lifestyle for its inhabitants.

Is it easy to get around Champaign, IL without a car?

The community benefits from a solid educational system, with numerous public and private schools serving the area, alongside the prestigious University of Illinois. Champaign is equipped with healthcare facilities that include a regional hospital and various clinics offering specialized services. The city's public library system supports lifelong learning and community engagement. Retail and dining experiences in Champaign reflect the local culture, with a mix of national chains and unique local establishments that cater to a diverse population.

Transportation in Champaign, IL.

Champaign's transport infrastructure is designed to accommodate both private and public transit options. The city's bus system provides residents with reliable transportation, with schedules that cater to peak university and work hours. While specific ride-sharing statistics are not mentioned, such services are commonly used within the city. Champaign boasts a network of roads and highways that facilitate commuting, with Interstate 57 and Interstate 74 being major conduits for travel. The city is also committed to improving walkability and bikeability, with ongoing efforts to enhance the safety and convenience of these eco-friendly modes of transport.

Frequently Asked Questions About 508 W Columbia Ave

What is the listing price of this property?

The listing price of 508 W Columbia Ave property is $265,000.

What type of property is this?

The property 508 W Columbia Ave is a house located in Champaign, Illinois, 61820.

Is this property for sale now?

Accepting Backup Offers: 508 W Columbia Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,609 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 17, 2020 for $250,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 W Columbia Ave has 7 bedrooms and 4 bathrooms.

Rocket Homes›Illinois›Champaign County›Champaign›61820›508 W Columbia Ave

This home is located at 508 W Columbia Ave in Champaign, IL and zip code 61820. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $265,000.

Champaign, IL housing market in November 2024 saw over 22 listings sold above listed price, more than 10 sold at listed price and over 30 sold below. Between October 2024 and November 2024, Champaign, IL real estate market has seen decrease in the number of listings by 17.2%. While the average time on the market in November 2024 was 25 days, the median list price was $234,722.

From Rocket Homes Real Estate and based on county public records data.

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