705 Illinois St
Urbana, IL 61801
4 bd 2 ba 2,562 sqft Built 1901 Lot 6,970 sqft single_family
Most recent sale
$247,000
Apr 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 3, 2023 | Listed for rent | $800 | Avail |
| May 17, 2023 | Sold | $292,000 | MRED |
| Apr 6, 2023 | Listed | $299,000 | MRED |
| Apr 7, 2022 | Sold | $247,000 | MLS #11292895 |
| Dec 22, 2021 | Listed | $249,900 | MLS #11292895 |
| Dec 20, 2019 | Sold | $165,000 | MLS #10382253 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $67,060 | $24,380 | $91,440 | $8,294 |
| 2023 | $63,380 | $23,040 | $86,420 | $8,387 |
| 2022 | $53,250 | $19,360 | $72,610 | $7,859 |
| 2021 | $49,630 | $18,040 | $67,670 | $7,304 |
| 2020 | $48,180 | $17,510 | $65,690 | $7,066 |
| 2019 | $48,180 | $17,510 | $65,690 | $5,715 |
| 2018 | $48,520 | $17,630 | $66,150 | $5,698 |
| 2017 | $48,520 | $17,630 | $66,150 | $5,894 |
| 2016 | $47,110 | $17,120 | $64,230 | $5,658 |
| 2015 | $45,520 | $16,540 | $62,060 | $5,487 |
| 2014 | $45,520 | $16,540 | $62,060 | $5,413 |
| 2013 | $46,450 | $16,880 | $63,330 | $5,475 |
| 2012 | $46,450 | $16,880 | $63,330 | $4,997 |
| 2011 | $46,450 | $16,880 | $63,330 | $4,718 |
| 2010 | $47,200 | $17,150 | $64,350 | $4,955 |
| 2009 | $47,200 | $17,150 | $64,350 | $4,867 |
| 2008 | $45,420 | $16,390 | $61,810 | $4,631 |
| 2006 | $41,500 | $14,970 | $56,470 | $4,225 |
| 2005 | $39,120 | $13,780 | $52,900 | $3,954 |
Property facts
Year built
1901
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,562 sqft
Lot size
6,970 sqft
ZIP code
61801
City
Urbana
Street
Illinois St
Coordinates
40.10891, -88.21666
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
$1,482
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 705 Illinois St last sell?
705 Illinois St most recently sold on Apr 7, 2022 for $247,000.
What is the current tax assessment for 705 Illinois St?
The most recent total assessment for 705 Illinois St (year 2024) is $91,440 with $8,294 in property tax.
How does 705 Illinois St's assessment compare to its last sale price?
The current assessment is 63.0% below the last sale price of $247,000.
When was 705 Illinois St built?
705 Illinois St was built in 1901.
How does 705 Illinois St compare to others on Illinois St?
We track 8 other properties on Illinois St. Browse the list under "Other properties on Illinois St" to compare beds, baths, and sale history.
What are the property facts for 705 Illinois St?
705 Illinois St is a 4 bed, 2 bath, 2,562 sqft, 6,970 sqft lot single_family.
Is 705 Illinois St a flip candidate?
No — 705 Illinois St does not appear in our flips dataset.
Is 705 Illinois St a tax-appeal candidate?
No — 705 Illinois St 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 Illinois St