506 Lake St
Urbana, IL 61801
2 bd 1 ba 864 sqft Built 1909 Lot 3,960 sqft single_family
No recorded sales
Location
Timeline: Sale, Listing & Tax History
Recorded events
No recorded events
No sale or listing events are on file for this property.
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $27,880 | $2,470 | $30,350 | $2,462 |
| 2024 | $27,880 | $2,470 | $30,350 | $1,342 |
| 2023 | $14,750 | $4,270 | $19,020 | $1,208 |
| 2022 | $12,390 | $3,590 | $15,980 | $1,080 |
| 2021 | $11,550 | $3,350 | $14,900 | $1,608 |
| 2020 | $11,210 | $3,250 | $14,460 | $1,555 |
| 2019 | $11,210 | $3,250 | $14,460 | $1,511 |
| 2018 | $11,290 | $3,270 | $14,560 | $1,504 |
| 2017 | $11,050 | $3,200 | $14,250 | $1,522 |
| 2016 | $11,050 | $3,200 | $14,250 | $876 |
| 2015 | $11,050 | $3,200 | $14,250 | $886 |
| 2014 | $11,630 | $3,370 | $15,000 | $954 |
| 2013 | $18,510 | $3,510 | $22,020 | $1,676 |
| 2012 | $18,510 | $3,510 | $22,020 | $660 |
| 2011 | $18,510 | $3,510 | $22,020 | $623 |
| 2010 | $17,350 | $3,590 | $20,940 | $598 |
| 2009 | $17,350 | $3,590 | $20,940 | $588 |
| 2008 | $17,800 | $3,490 | $21,290 | $620 |
| 2006 | $16,490 | $3,240 | $19,730 | $701 |
| 2005 | $16,180 | $3,180 | $19,360 | $747 |
Property facts
Year built
1909
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
864 sqft
Lot size
3,960 sqft
ZIP code
61801
City
Urbana
Street
Lake St
Coordinates
40.11709, -88.20968
Comparable properties nearby
Frequently asked questions
When did 506 Lake St last sell?
No public-record sale is on file for 506 Lake St.
What is the current tax assessment for 506 Lake St?
The most recent total assessment for 506 Lake St (year 2025) is $30,350 with $2,462 in property tax.
When was 506 Lake St built?
506 Lake St was built in 1909.
How does 506 Lake St compare to others on Lake St?
We track 1 other property on Lake St. Browse the list under "Other properties on Lake St" to compare beds, baths, and sale history.
What are the property facts for 506 Lake St?
506 Lake St is a 2 bed, 1 bath, 864 sqft, 3,960 sqft lot single_family.
Is 506 Lake St a flip candidate?
No — 506 Lake St does not appear in our flips dataset.
Is 506 Lake St a tax-appeal candidate?
No — 506 Lake 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 Lake St