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506 Draper Ave

Champaign, IL 61821

3 bd 1 ba 1,330 sqft Lot 8,712 sqft single_family
Most recent sale
$195,000
May 25, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 25, 2022 Sold $195,000 MLS #11377291
Apr 17, 2022 Listed $195,000 MLS #11377291
Jun 11, 2021 Sold $184,900 MLS #11050968
Jul 15, 2014 Sold $144,500 Public Record
May 23, 2014 Listing removed $150,000 ChampaignArea
Mar 19, 2014 Listed $150,000 MLS #2141068

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $55,280 $13,830 $69,110 $4,412
2023 $49,270 $12,330 $61,600 $4,067
2022 $41,390 $10,360 $51,750 $4,207
2021 $40,580 $10,160 $50,740 $4,095
2020 $39,020 $9,770 $48,790 $3,923
2019 $38,220 $9,570 $47,790 $3,786
2018 $37,620 $9,420 $47,040 $3,692
2017 $36,240 $9,070 $45,310 $3,552
2016 $35,490 $8,880 $44,370 $3,173
2015 $34,860 $8,720 $43,580 $3,188
2014 $34,860 $8,720 $43,580 $1,008
2013 $34,860 $8,720 $43,580 $999
2012 $35,570 $8,900 $44,470 $1,041
2011 $35,570 $8,900 $44,470 $997
2010 $36,370 $9,100 $45,470 $967
2009 $36,370 $9,100 $45,470 $970
2008 $36,370 $9,100 $45,470 $1,004
2006 $33,600 $8,410 $42,010 $1,084
2005 $30,680 $7,680 $38,360 $1,151

Property facts

Year built
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,330 sqft
Lot size
8,712 sqft
ZIP code
61821
City
Champaign
Street
Draper Ave
Coordinates
40.11110, -88.26978

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,170
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 506 Draper Ave last sell?
506 Draper Ave most recently sold on May 25, 2022 for $195,000.
What is the current tax assessment for 506 Draper Ave?
The most recent total assessment for 506 Draper Ave (year 2024) is $69,110 with $4,412 in property tax.
How does 506 Draper Ave's assessment compare to its last sale price?
The current assessment is 64.6% below the last sale price of $195,000.
When was 506 Draper Ave built?
The year built for 506 Draper Ave is not in our records.
How does 506 Draper Ave compare to others on Draper Ave?
We track 8 other properties on Draper Ave. Browse the list under "Other properties on Draper Ave" to compare beds, baths, and sale history.
What are the property facts for 506 Draper Ave?
506 Draper Ave is a 3 bed, 1 bath, 1,330 sqft, 8,712 sqft lot single_family.
Is 506 Draper Ave a flip candidate?
No — 506 Draper Ave does not appear in our flips dataset.
Is 506 Draper Ave a tax-appeal candidate?
No — 506 Draper Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-2.0%
Implied 1-yr
-7.8%
2026 Q3
$204.2K
2026 Q4
$199.7K
ZIP 61821 — Median Price History + Forecast

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