704 University Ave
Urbana, IL 61802
2 bd 1 ba 1,001 sqft Built 1894 Lot 6,970 sqft single_family
Most recent sale
$65,500
Mar 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 9, 2023 | Sold | $90,000 | MRED |
| May 11, 2023 | Listed | $85,000 | MRED |
| Mar 30, 2022 | Sold | $65,500 | MLS #11303773 |
| Feb 23, 2022 | Listed | $65,000 | MLS #11303773 |
| Aug 14, 2006 | Sold | $42,000 | Public Record |
| Sep 14, 2001 | Sold | $170,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $18,690 | $4,670 | $23,360 | $1,658 |
| 2023 | $17,670 | $4,410 | $22,080 | $1,504 |
| 2022 | $14,840 | $3,700 | $18,540 | $2,006 |
| 2021 | $13,830 | $3,450 | $17,280 | $1,865 |
| 2020 | $13,430 | $3,350 | $16,780 | $1,805 |
| 2019 | $13,430 | $3,350 | $16,780 | $1,754 |
| 2018 | $13,520 | $3,370 | $16,890 | $1,745 |
| 2017 | $13,520 | $3,370 | $16,890 | $1,805 |
| 2016 | $13,000 | $3,240 | $16,240 | $1,726 |
| 2015 | $13,000 | $3,240 | $16,240 | $1,745 |
| 2014 | $13,000 | $3,240 | $16,240 | $1,722 |
| 2013 | $13,000 | $3,240 | $16,240 | $1,699 |
| 2012 | $13,000 | $3,240 | $16,240 | $1,522 |
| 2011 | $13,000 | $3,240 | $16,240 | $1,437 |
| 2010 | $13,410 | $3,290 | $16,700 | $1,418 |
| 2009 | $13,410 | $3,290 | $16,700 | $1,393 |
| 2008 | $15,330 | $3,250 | $18,580 | $1,528 |
| 2006 | $14,430 | $3,060 | $17,490 | $1,436 |
| 2005 | $12,910 | $2,050 | $14,960 | $1,234 |
Property facts
Year built
1894
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,001 sqft
Lot size
6,970 sqft
ZIP code
61802
City
Urbana
Street
University Ave
Coordinates
40.11659, -88.20016
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$393
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 704 University Ave last sell?
704 University Ave most recently sold on Mar 30, 2022 for $65,500.
What is the current tax assessment for 704 University Ave?
The most recent total assessment for 704 University Ave (year 2024) is $23,360 with $1,658 in property tax.
How does 704 University Ave's assessment compare to its last sale price?
The current assessment is 64.3% below the last sale price of $65,500.
When was 704 University Ave built?
704 University Ave was built in 1894.
How does 704 University Ave compare to others on University Ave?
We track 8 other properties on University Ave. Browse the list under "Other properties on University Ave" to compare beds, baths, and sale history.
What are the property facts for 704 University Ave?
704 University Ave is a 2 bed, 1 bath, 1,001 sqft, 6,970 sqft lot single_family.
Is 704 University Ave a flip candidate?
Yes — 704 University Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 704 University Ave a tax-appeal candidate?
No — 704 University 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 University Ave