506 Michigan Ave
Urbana, IL 61801
4 bd 2 ba 2,049 sqft Built 1913 Lot 8,100 sqft single_family
Most recent sale
$182,500
Oct 25, 1999
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 31, 2022 | Listed | $264,900 | MLS #11300260 |
| Oct 25, 1999 | Sold | $182,500 | Public Record |
| Jul 23, 1993 | Sold | $110,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $107,360 | $32,470 | $139,830 | $13,012 |
| 2023 | $101,470 | $30,690 | $132,160 | $12,187 |
| 2022 | $85,250 | $25,780 | $111,030 | $11,368 |
| 2021 | $79,450 | $24,030 | $103,480 | $10,522 |
| 2020 | $77,140 | $23,330 | $100,470 | $10,162 |
| 2019 | $77,140 | $23,330 | $100,470 | $9,872 |
| 2018 | $77,680 | $23,490 | $101,170 | $9,832 |
| 2017 | $77,680 | $23,490 | $101,170 | $10,171 |
| 2016 | $74,690 | $22,590 | $97,280 | $9,702 |
| 2015 | $72,160 | $21,830 | $93,990 | $9,456 |
| 2014 | $72,160 | $21,830 | $93,990 | $9,328 |
| 2013 | $73,630 | $22,270 | $95,900 | $9,405 |
| 2012 | $73,630 | $22,270 | $95,900 | $8,424 |
| 2011 | $73,630 | $22,270 | $95,900 | $7,953 |
| 2010 | $74,830 | $22,630 | $97,460 | $7,767 |
| 2009 | $74,830 | $22,630 | $97,460 | $7,629 |
| 2008 | $71,590 | $21,580 | $93,170 | $7,210 |
| 2006 | $66,540 | $20,060 | $86,600 | $6,699 |
| 2005 | $64,900 | $18,730 | $83,630 | $6,491 |
Property facts
Year built
1913
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,049 sqft
Lot size
8,100 sqft
ZIP code
61801
City
Urbana
Street
Michigan Ave
Coordinates
40.10216, -88.21374
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsFrequently asked questions
When did 506 Michigan Ave last sell?
506 Michigan Ave most recently sold on Oct 25, 1999 for $182,500.
What is the current tax assessment for 506 Michigan Ave?
The most recent total assessment for 506 Michigan Ave (year 2024) is $139,830 with $13,012 in property tax.
How does 506 Michigan Ave's assessment compare to its last sale price?
The current assessment is 23.4% below the last sale price of $182,500.
When was 506 Michigan Ave built?
506 Michigan Ave was built in 1913.
How does 506 Michigan Ave compare to others on Michigan Ave?
We track 8 other properties on Michigan Ave. Browse the list under "Other properties on Michigan Ave" to compare beds, baths, and sale history.
What are the property facts for 506 Michigan Ave?
506 Michigan Ave is a 4 bed, 2 bath, 2,049 sqft, 8,100 sqft lot single_family.
Is 506 Michigan Ave a flip candidate?
No — 506 Michigan Ave does not appear in our flips dataset.
Is 506 Michigan Ave a tax-appeal candidate?
No — 506 Michigan 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 Michigan Ave