701 Michigan Ave
Urbana, IL 61801
4 bd 1 ba 1,188 sqft Built 1953 Lot 10,019 sqft single_family
Most recent sale
$130,000
Aug 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 8, 2022 | Sold | $130,000 | MLS #11468106 |
| Jul 19, 2022 | Listed | $129,900 | MLS #11468106 |
| May 6, 2014 | Sold | $61,500 | Public Record |
| Apr 4, 2014 | Sold | $50,000 | Public Record |
| Aug 23, 2006 | Sold | $161,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $27,630 | $12,490 | $40,120 | $3,912 |
| 2023 | $26,120 | $11,810 | $37,930 | $3,681 |
| 2022 | $21,940 | $9,930 | $31,870 | $2,800 |
| 2021 | $20,450 | $9,250 | $29,700 | $2,558 |
| 2020 | $19,850 | $8,980 | $28,830 | $2,456 |
| 2019 | $19,850 | $8,980 | $28,830 | $2,386 |
| 2018 | $19,990 | $9,040 | $29,030 | $2,379 |
| 2017 | $19,990 | $9,040 | $29,030 | $2,461 |
| 2016 | $19,990 | $9,040 | $29,030 | $2,448 |
| 2015 | $19,990 | $9,040 | $29,030 | $2,475 |
| 2014 | $19,990 | $9,040 | $29,030 | $2,441 |
| 2013 | $19,990 | $9,040 | $29,030 | $2,409 |
| 2012 | $19,990 | $9,040 | $29,030 | $491 |
| 2011 | $19,990 | $9,040 | $29,030 | $464 |
| 2010 | $21,050 | $9,480 | $30,530 | $445 |
| 2009 | $21,050 | $9,480 | $30,530 | $437 |
| 2008 | $21,450 | $9,360 | $30,810 | $472 |
| 2006 | $19,440 | $8,490 | $27,930 | $718 |
| 2005 | $20,720 | $6,280 | $27,000 | $1,568 |
Property facts
Year built
1953
Property type
single_family
Stories
1
Beds
4
Baths
1
Living area
1,188 sqft
Lot size
10,019 sqft
ZIP code
61801
City
Urbana
Street
Michigan Ave
Coordinates
40.10136, -88.19983
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 701 Michigan Ave last sell?
701 Michigan Ave most recently sold on Aug 8, 2022 for $130,000.
What is the current tax assessment for 701 Michigan Ave?
The most recent total assessment for 701 Michigan Ave (year 2024) is $40,120 with $3,912 in property tax.
How does 701 Michigan Ave's assessment compare to its last sale price?
The current assessment is 69.1% below the last sale price of $130,000.
When was 701 Michigan Ave built?
701 Michigan Ave was built in 1953.
How does 701 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 701 Michigan Ave?
701 Michigan Ave is a 4 bed, 1 bath, 1,188 sqft, 10,019 sqft lot single_family.
Is 701 Michigan Ave a flip candidate?
No — 701 Michigan Ave does not appear in our flips dataset.
Is 701 Michigan Ave a tax-appeal candidate?
No — 701 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