502 Colorado Ave
Urbana, IL 61801
3 bd 3 ba 1,770 sqft Built 1979 Lot 10,890 sqft single_family
Most recent sale
$253,000
Oct 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 17, 2022 | Sold | $253,000 | MLS #11607429 |
| Aug 24, 2022 | Listed | $250,000 | MLS #11607429 |
| Aug 26, 1996 | Sold | $88,333 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $64,130 | $23,170 | $87,300 | $8,230 |
| 2024 | $64,130 | $23,170 | $87,300 | $7,899 |
| 2023 | $60,610 | $21,900 | $82,510 | $7,377 |
| 2022 | $50,920 | $18,400 | $69,320 | $6,861 |
| 2021 | $47,460 | $17,150 | $64,610 | $6,332 |
| 2020 | $43,470 | $15,710 | $59,180 | $5,727 |
| 2019 | $43,470 | $15,710 | $59,180 | $5,567 |
| 2018 | $43,780 | $15,820 | $59,600 | $5,544 |
| 2017 | $42,850 | $15,480 | $58,330 | $5,600 |
| 2016 | $44,060 | $15,180 | $59,240 | $5,666 |
| 2015 | $44,060 | $15,180 | $59,240 | $5,721 |
| 2014 | $44,060 | $15,180 | $59,240 | $5,644 |
| 2013 | $42,830 | $15,180 | $58,010 | $5,441 |
| 2012 | $42,830 | $15,180 | $58,010 | $4,874 |
| 2011 | $42,830 | $15,180 | $58,010 | $4,871 |
| 2010 | $46,740 | $16,240 | $62,980 | $4,839 |
| 2009 | $46,740 | $16,240 | $62,980 | $4,753 |
| 2008 | $46,830 | $16,030 | $62,860 | $4,717 |
| 2006 | $43,660 | $14,950 | $58,610 | $4,401 |
| 2005 | $43,930 | $13,980 | $57,910 | $4,367 |
Property facts
Year built
1979
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
1,770 sqft
Lot size
10,890 sqft
ZIP code
61801
City
Urbana
Street
Colorado Ave
Coordinates
40.09496, -88.20198
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
$1,518
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 502 Colorado Ave last sell?
502 Colorado Ave most recently sold on Oct 17, 2022 for $253,000.
What is the current tax assessment for 502 Colorado Ave?
The most recent total assessment for 502 Colorado Ave (year 2025) is $87,300 with $8,230 in property tax.
How does 502 Colorado Ave's assessment compare to its last sale price?
The current assessment is 65.5% below the last sale price of $253,000.
When was 502 Colorado Ave built?
502 Colorado Ave was built in 1979.
How does 502 Colorado Ave compare to others on Colorado Ave?
We track 8 other properties on Colorado Ave. Browse the list under "Other properties on Colorado Ave" to compare beds, baths, and sale history.
What are the property facts for 502 Colorado Ave?
502 Colorado Ave is a 3 bed, 3 bath, 1,770 sqft, 10,890 sqft lot single_family.
Is 502 Colorado Ave a flip candidate?
No — 502 Colorado Ave does not appear in our flips dataset.
Is 502 Colorado Ave a tax-appeal candidate?
No — 502 Colorado 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
+4.5%
Implied 1-yr
+17.9%
2026 Q3
$312.7K
2026 Q4
$323.5K
ZIP 61801 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Colorado Ave