502 Cottage Grove Ave
Urbana, IL 61802
2 bd 1 ba 961 sqft Built 1948 Lot 8,276 sqft single_family
Most recent sale
$130,000
Sep 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 1, 2022 | Sold | $130,000 | MLS #11437355 |
| Jul 6, 2022 | Listed | $130,000 | MLS #11437355 |
| Oct 31, 2019 | Sold | $112,500 | MLS #10332275 |
| Apr 12, 2019 | Listed | $117,000 | MLS #10332275 |
| Jun 2, 2006 | Sold | $117,000 | Public Record |
| Aug 17, 2005 | Sold | $103,500 | Public Record |
| Sep 10, 2002 | Sold | $80,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $31,850 | $12,060 | $43,910 | $3,661 |
| 2023 | $30,100 | $11,400 | $41,500 | $3,388 |
| 2022 | $25,290 | $9,580 | $34,870 | $3,124 |
| 2021 | $23,570 | $8,930 | $32,500 | $2,860 |
| 2020 | $22,880 | $8,670 | $31,550 | $2,748 |
| 2019 | $22,880 | $8,670 | $31,550 | $2,670 |
| 2018 | $23,040 | $8,730 | $31,770 | $2,662 |
| 2017 | $23,040 | $8,730 | $31,770 | $2,754 |
| 2016 | $22,150 | $8,390 | $30,540 | $2,608 |
| 2015 | $22,150 | $8,390 | $30,540 | $2,637 |
| 2014 | $22,150 | $8,390 | $30,540 | $2,602 |
| 2013 | $22,150 | $8,390 | $30,540 | $2,567 |
| 2012 | $22,150 | $8,390 | $30,540 | $2,299 |
| 2011 | $22,150 | $8,390 | $30,540 | $2,171 |
| 2010 | $22,850 | $8,530 | $31,380 | $2,155 |
| 2009 | $22,850 | $8,530 | $31,380 | $2,117 |
| 2008 | $22,650 | $8,430 | $31,080 | $2,104 |
| 2006 | $21,320 | $7,930 | $29,250 | $1,991 |
| 2005 | $23,220 | $6,000 | $29,220 | $1,999 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
961 sqft
Lot size
8,276 sqft
ZIP code
61802
City
Urbana
Street
Cottage Grove Ave
Coordinates
40.10922, -88.19540
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
$780
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 502 Cottage Grove Ave last sell?
502 Cottage Grove Ave most recently sold on Sep 1, 2022 for $130,000.
What is the current tax assessment for 502 Cottage Grove Ave?
The most recent total assessment for 502 Cottage Grove Ave (year 2024) is $43,910 with $3,661 in property tax.
How does 502 Cottage Grove Ave's assessment compare to its last sale price?
The current assessment is 66.2% below the last sale price of $130,000.
When was 502 Cottage Grove Ave built?
502 Cottage Grove Ave was built in 1948.
How does 502 Cottage Grove Ave compare to others on Cottage Grove Ave?
We track 8 other properties on Cottage Grove Ave. Browse the list under "Other properties on Cottage Grove Ave" to compare beds, baths, and sale history.
What are the property facts for 502 Cottage Grove Ave?
502 Cottage Grove Ave is a 2 bed, 1 bath, 961 sqft, 8,276 sqft lot single_family.
Is 502 Cottage Grove Ave a flip candidate?
No — 502 Cottage Grove Ave does not appear in our flips dataset.
Is 502 Cottage Grove Ave a tax-appeal candidate?
No — 502 Cottage Grove 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
+5.6%
Implied 1-yr
+22.3%
2026 Q3
$341.5K
2026 Q4
$355.5K
ZIP 61802 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cottage Grove Ave