1506 Philo Rd
Urbana, IL 61802
- 3 Beds
- 2 Baths
3 Beds
2 Baths
Local Information
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Description
Great investment opportunity or homeowner looking for house hack! Duplex with good cash flow history. Main level has 2 generously sized bedrooms with 1 ba, kitchen and separate dining area, living room and an additional sitting area. Lower level studio offers its own entrance from the front or attached garage. 1 bedroom, 1 bath, kitchen and living room. Tenants share the garage. It is close to retail and bus line. Shared laundry area off of 2 car attached garage. Large back yard. Units were being rented for $800/$575. Home has new roof, new siding, new windows including egress, 2 new water heaters. Pre-inspection will be available by time of activation and home will be sold 'as-is'. Seller prefers no inspection contingencies.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 30, 2023
Home Highlights
Parking
2 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1506 Philo Rd
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MLS Status: Closed |
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Interior Details Basement: Partially Finished,Exterior Entry,FullNumber of Rooms: 8 |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Heating & Cooling Heating: Natural GasHas HeatingHeating Fuel: Natural Gas |
Security Security: Carbon Monoxide Detector(s) |
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Exterior Home Features Roof: AsphaltFoundation: Block |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: On Site,Garage Owned,Attached,Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer, Storm Sewer |
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Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Vinyl SidingNot a New Construction |
Property Information Parcel Number: 922116453003 |
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Price List Price: $125,000 |
Status Change & Dates Off Market Date: Wed May 24 2023Possession Timing: Close Of Escrow |
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Direction & Address City: UrbanaCommunity: Amvets Homestead |
School Information Elementary School: Thomas Paine Elementary SchoolElementary School District: 116Jr High / Middle School: Urbana Middle SchoolJr High / Middle School District: 116High School: Urbana High SchoolHigh School District: 116 |
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Special Conditions: None |
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Listing Terms: Conventional |
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Business Information Ownership: Fee Simple |
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BasementMls Number: 11778013Activation Date: Mon May 22 2023 |
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MRD SHARE WITH CLIENTS: Yes |
Last check for updates: about 7 hours ago
Listed by Natalie Nielsen, (217) 202-9351
Pathway Realty, PLLC
Kristen Dilley, (217) 827-1522
Pathway Realty, PLLC
Bought with: J Leman, (217) 778-5320, eXp Realty-Champaign
Source: MRED as distributed by MLS GRID, MLS#11778013

Price History for 1506 Philo Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 07/22/2025 | $163,000 | Sold | N/A |
| 06/27/2023 | $125,000 | Sold | MRED as distributed by MLS GRID #11778013 |
| 05/24/2023 | $125,000 | Pending | MRED as distributed by MLS GRID #11778013 |
| 05/22/2023 | $125,000 | Listed For Sale | MRED as distributed by MLS GRID #11778013 |
| 04/12/2019 | $79,900 | ListingRemoved | Agent Provided |
| 12/05/2018 | $79,900 | PendingToActive | Agent Provided |
| 11/29/2018 | $79,900 | Pending | Agent Provided |
| 11/08/2018 | $79,900 | PriceChange | Agent Provided |
| 04/16/2018 | $82,000 | PriceChange | Agent Provided |
| 10/19/2017 | $82,500 | PriceChange | Agent Provided |
| 07/07/2017 | $87,500 | Listed For Sale | Agent Provided |
| 05/16/2017 | $89,900 | ListingRemoved | Agent Provided |
| 07/13/2016 | $89,900 | PriceChange | Agent Provided |
| 05/16/2016 | $94,900 | Listed For Sale | Agent Provided |
Market trends in Urbana
Last updated April 2026
Avg. sale price
$188K $2.33KMoM
Sale-to-List Price
97.8% 0.3%MoM
Price per sq ft
$142 $2MoM
Available listings
104 16MoM
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,714 |
| Assessment | $108,030 |
Home facts updated by county records
Comparable Sales for 1506 Philo Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.31 | Multi-Family Home | $141,000 | 11/13/25 | 3 | 2 | 1,240 | |
0.27 | Multi-Family Home | $225,000 | 10/31/25 | 4 | 2 | - | |
0.61 | Multi-Family Home | $180,000 | 05/28/26 | 4 | 2 | - | |
0.62 | Multi-Family Home | $205,700 | 05/01/26 | 4 | 2 | - | |
0.57 | Multi-Family Home | $122,000 | 08/04/25 | 2 | 2 | - | |
0.84 | Multi-Family Home | $137,900 | 12/10/25 | 3 | 2 | - | |
0.88 | Multi-Family Home | $285,000 | 11/04/25 | 3 | 2 | 1,713 | |
0.97 | Multi-Family Home | $105,000 | 03/13/26 | 3 | 2 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1506 Philo Rd.
What Locals Say about Urbana
At least 220 Trulia users voted on each feature.
88 % Say parking is easy
83 % Say it's dog friendly
75 % Say there are sidewalks
72 % Say car is needed
69 % Say yards are well-kept
65 % Say there's holiday spirit
62 % Say kids play outside
58 % Say it's walkable to grocery stores
55 % Say it's walkable to restaurants
54 % Say people would walk alone at night
51 % Say there's wildlife
51 % Say it's quiet
49 % Say neighbors are friendly
48 % Say streets are well-lit
43 % Say they plan to stay for at least 5 years
27 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 1506 Philo Rd
Off Market Homes Near 1506 Philo Rd

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information
Homes for rent near 1506 Philo Rd
1506 Philo Rd, Urbana, IL 61802 is a 3 bedroom, 2 bathroom multi-family. This property is not currently available for sale. 1506 Philo Rd was last sold on Jul 22, 2025 for $163,000 (30% higher than the asking price of $125,000). The current Trulia Estimate for 1506 Philo Rd is $169,400.

