505 Garfield Ave
Champaign, IL 61821
4 bd 3 ba 1,790 sqft Built 1947 Lot 9,583 sqft single_family
Most recent sale
$186,500
Mar 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 21, 2022 | Sold | $186,500 | MLS #11316530 |
| Feb 17, 2022 | Price changed | $192,900 | MLS #11316530 |
| Feb 11, 2022 | Listed | $199,900 | MLS #11316530 |
| Nov 5, 2021 | Sold | $130,000 | Public Record |
| Feb 4, 2015 | Sold | $157,500 | Public Record |
| Sep 22, 2014 | Listing removed | $159,900 | ChampaignArea |
| Aug 4, 2014 | Listed | $167,900 | MLS #2143691 |
| Jun 18, 2014 | Listing removed | $169,900 | ChampaignArea |
| May 20, 2014 | Listed | $174,900 | MLS #2142346 |
| Mar 1, 2006 | Sold | $105,000 | Public Record |
| Sep 13, 2005 | Sold | $65,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $38,800 | $14,680 | $53,480 | $4,156 |
| 2023 | $34,580 | $13,080 | $47,660 | $3,913 |
| 2022 | $29,050 | $10,990 | $40,040 | $3,682 |
| 2021 | $28,480 | $10,770 | $39,250 | $3,043 |
| 2020 | $27,380 | $10,360 | $37,740 | $2,910 |
| 2019 | $26,820 | $10,150 | $36,970 | $2,806 |
| 2018 | $26,400 | $9,990 | $36,390 | $2,735 |
| 2017 | $25,430 | $9,620 | $35,050 | $2,625 |
| 2016 | $24,910 | $9,420 | $34,330 | $2,343 |
| 2015 | $24,470 | $9,250 | $33,720 | $2,861 |
| 2014 | $24,470 | $9,250 | $33,720 | $2,837 |
| 2013 | $24,470 | $9,250 | $33,720 | $2,811 |
| 2012 | $24,970 | $9,440 | $34,410 | $2,759 |
| 2011 | $24,970 | $9,440 | $34,410 | $2,643 |
| 2010 | $25,530 | $9,650 | $35,180 | $2,619 |
| 2009 | $25,530 | $9,650 | $35,180 | $2,595 |
| 2008 | $25,530 | $9,650 | $35,180 | $2,586 |
| 2006 | $23,590 | $8,920 | $32,510 | $2,409 |
| 2005 | $21,540 | $8,140 | $29,680 | $1,882 |
Property facts
Year built
1947
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
1,790 sqft
Lot size
9,583 sqft
ZIP code
61821
City
Champaign
Street
Garfield Ave
Coordinates
40.11110, -88.26916
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,119
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Garfield Ave last sell?
505 Garfield Ave most recently sold on Mar 21, 2022 for $186,500.
What is the current tax assessment for 505 Garfield Ave?
The most recent total assessment for 505 Garfield Ave (year 2024) is $53,480 with $4,156 in property tax.
How does 505 Garfield Ave's assessment compare to its last sale price?
The current assessment is 71.3% below the last sale price of $186,500.
When was 505 Garfield Ave built?
505 Garfield Ave was built in 1947.
How does 505 Garfield Ave compare to others on Garfield Ave?
We track 8 other properties on Garfield Ave. Browse the list under "Other properties on Garfield Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Garfield Ave?
505 Garfield Ave is a 4 bed, 3 bath, 1,790 sqft, 9,583 sqft lot single_family.
Is 505 Garfield Ave a flip candidate?
Yes — 505 Garfield Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 Garfield Ave a tax-appeal candidate?
No — 505 Garfield Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.0%
Implied 1-yr
-7.8%
2026 Q3
$204.2K
2026 Q4
$199.7K
ZIP 61821 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Garfield Ave