501 Prospect Ave
Champaign, IL 61820
4 bd 2 ba 2,226 sqft Built 1932 Lot 7,841 sqft single_family
Most recent sale
$172,000
Jun 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 28, 2025 | Sold | $215,000 | MRED |
| Aug 26, 2025 | Price changed | $235,000 | MRED |
| Aug 14, 2025 | Price changed | $237,500 | MRED |
| Jul 31, 2025 | Price changed | $240,000 | MRED |
| Jul 23, 2025 | Listed | $250,000 | MRED |
| Jun 30, 2022 | Sold | $172,000 | MLS #11403068 |
| May 13, 2022 | Listed | $184,900 | MLS #11403068 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $53,220 | $7,650 | $60,870 | $4,730 |
| 2023 | $47,430 | $6,820 | $54,250 | $4,455 |
| 2022 | $39,850 | $5,730 | $45,580 | $3,639 |
| 2021 | $39,070 | $5,620 | $44,690 | $3,541 |
| 2020 | $37,570 | $5,400 | $42,970 | $3,390 |
| 2019 | $36,800 | $5,290 | $42,090 | $3,813 |
| 2018 | $36,220 | $5,210 | $41,430 | $3,728 |
| 2017 | $34,830 | $5,010 | $39,840 | $3,058 |
| 2016 | $34,110 | $4,910 | $39,020 | $2,731 |
| 2015 | $33,510 | $4,820 | $38,330 | $2,743 |
| 2014 | $33,510 | $4,820 | $38,330 | $3,225 |
| 2013 | $39,320 | $4,820 | $44,140 | $3,680 |
| 2012 | $40,120 | $4,920 | $45,040 | $3,631 |
| 2011 | $40,120 | $4,920 | $45,040 | $3,629 |
| 2010 | $42,800 | $5,240 | $48,040 | $3,597 |
| 2009 | $42,800 | $5,240 | $48,040 | $3,536 |
| 2008 | $42,800 | $5,240 | $48,040 | $3,525 |
| 2006 | $38,910 | $4,760 | $43,670 | $3,229 |
| 2005 | $36,480 | $4,460 | $40,940 | $3,110 |
Property facts
Year built
1932
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,226 sqft
Lot size
7,841 sqft
ZIP code
61820
City
Champaign
Street
Prospect Ave
Coordinates
40.12038, -88.25825
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
$1,032
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Prospect Ave last sell?
501 Prospect Ave most recently sold on Jun 30, 2022 for $172,000.
What is the current tax assessment for 501 Prospect Ave?
The most recent total assessment for 501 Prospect Ave (year 2024) is $60,870 with $4,730 in property tax.
How does 501 Prospect Ave's assessment compare to its last sale price?
The current assessment is 64.6% below the last sale price of $172,000.
When was 501 Prospect Ave built?
501 Prospect Ave was built in 1932.
How does 501 Prospect Ave compare to others on Prospect Ave?
We track 8 other properties on Prospect Ave. Browse the list under "Other properties on Prospect Ave" to compare beds, baths, and sale history.
What are the property facts for 501 Prospect Ave?
501 Prospect Ave is a 4 bed, 2 bath, 2,226 sqft, 7,841 sqft lot single_family.
Is 501 Prospect Ave a flip candidate?
No — 501 Prospect Ave does not appear in our flips dataset.
Is 501 Prospect Ave a tax-appeal candidate?
No — 501 Prospect 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
+10.0%
Implied 1-yr
+39.8%
2026 Q2
$2.81M
2026 Q3
$2.98M
ZIP 61820 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Prospect Ave