2301 E Rainbow Vw, Urbana, IL 61802
Property image
Property image
SOLD
JUN 9, 2026

2301 E Rainbow Vw
Urbana, IL 61802

  • 3 Beds
  • 1.5 Baths
  • 960 sqft

$125,000

Last Sold: Jun 9, 2026
$130/sqft
Est. Refi. Payment $938/mo*
Refinance Your Home

$125,000

Last Sold: Jun 9, 2026
$130/sqft
Est. Refi. Payment $938/mo*
Refinance Your Home
3 Beds
1.5 Baths
960 sqft

Local Information

  • Map ViewExplore the area around 2301 E Rainbow Vw.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1965
Living Area
960 sqft
Price/Sqft
$130/sqft
Parking
1 Car Garage

Description

Welcome home to this well-maintained 3-bedroom, 1.5-bath ranch offering comfort, convenience, and great functionality! The thoughtfully placed half bath sits perfectly between one of the bedrooms and the kitchen, ideal for everyday use. The spacious kitchen provides plenty of room for a dining table, making it a great spot for gatherings, meals, and everyday living. Step outside to enjoy the private backyard, complete with a garden shed for extra storage. Major updates have already been taken care of, including a new HVAC system in 2019 and a brand-new roof in 2025. This home is a fantastic opportunity and is being offered in "AS-IS" condition.
2301 E Rainbow Vw, Urbana, IL 61802 is a 3 bedroom, 2 bathroom, 960 sqft single-family home built in 1965. It last sold for the $125,000 asking price on Jun 9, 2026. More recently, it was listed as a rental in June 2026 with an asking price of $1,679 per month. That rental listing was removed on June 20, 2026. It is currently off market. The Trulia Estimate is $125,100, with a rent estimate of $1,654/month.

Home Details for 2301 E Rainbow Vw

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 960 Square Feet
Appliances & Utilities
Appliances: Range, Dishwasher, Refrigerator, Washer, DryerDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Gas & Electric
Electric: 100 Amp Service
Levels, Entrance, & Accessibility
Stories: 1Accessibility: No Disability Access
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PatioOther Structures: Shed(s)Foundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageHas an Attached GarageParking Spaces: 1Parking: Yes,Garage Owned,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: 912115305014

Price & Status

Price
List Price: $125,000Price Per Sqft: $130/sqft
Status Change & Dates
Off Market Date: Fri Apr 24 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: Urbana
School Information
Elementary School: Dr. Preston L. Williams Jr. ElemElementary School District: 116Jr High / Middle School: Urbana Middle SchoolJr High / Middle School District: 116High School: Urbana High SchoolHigh School District: 116

Building

Building Area
Building Area: 960 Square Feet

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 7405.2 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 12608725Activation Date: Wed Apr 22 2026

Additional Information

Source Internet Consumer CommentMRD SHARE WITH CLIENTS: YesSource Internet Entire Listing DisplayMRD IDX Comments Reviews: YesMRD Listing On IDX Display: YesMRD AVM On IDX Display: YesMRD Address On VOW Display: YesSource Internet Automated Valuation DisplayMRD Price History On IDX Display: YesMRD Market Time On IDX Display: YesMRD REMARKSINTERNET: YesSource Internet Address DisplayMRD Remarks On VOW Display: Yes
Last check for updates: about 6 hours ago
Listed by Jeanette During, (217) 202-3050
TOWN & COUNTRY REALTY,LLP
Bought with: Atif Irfan, (217) 419-0195, KELLER WILLIAMS-TREC
Source: MRED as distributed by MLS GRID, MLS#12608725

Price History for 2301 E Rainbow Vw

DatePriceEventSource
06/20/2026$1,679ListingRemovedZillow Rentals
06/14/2026$1,679Listed For RentZillow Rentals
06/09/2026$125,000Sold
MRED as distributed by MLS GRID #12608725
05/22/2026$125,000PendingMRED as distributed by MLS GRID #12608725
05/20/2026$125,000ListingRemovedMRED as distributed by MLS GRID #12608725
04/25/2026$125,000PendingMRED as distributed by MLS GRID #12608725
04/22/2026$125,000Listed For SaleMRED as distributed by MLS GRID #12608725

Market trends in Urbana

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$202K
$1KMoM
Sale-to-List Price
98.4%
0.3%MoM
Price per sq ft
$147
$2MoM
Available listings
122
1MoM
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Comparable Sales for 2301 E Rainbow Vw

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2308 Lantern Hill Dr, Urbana, IL
0.11
Single-Family Home
$125,000
06/18/26
3
1
960
2106 E Rainbow Vw, Urbana, IL
0.14
Single-Family Home
$150,000
12/08/25
3
1
960
1303 Greenridge Dr, Urbana, IL
0.06
Single-Family Home
$188,000
04/24/26
3
2
1,253
2310 E Country Squire Dr, Urbana, IL
0.05
Single-Family Home
$185,000
05/01/26
3
1
1,238
1404 Greenridge Dr, Urbana, IL
0.15
Single-Family Home
$185,000
03/31/26
3
2
1,210
1305 S Smith Rd, Urbana, IL
0.10
Single-Family Home
$236,400
06/12/26
3
2
1,253
1412 Greenridge Dr, Urbana, IL
0.20
Single-Family Home
$175,500
02/05/26
3
1.5
1,190
2422 E Washington St, Urbana, IL
0.27
Single-Family Home
$118,000
07/31/25
3
1
925
402 Dodson Dr S, Urbana, IL
0.35
Single-Family Home
$127,000
03/10/26
3
1
913

Nearby homes

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Assigned Schools

These are the assigned schools for 2301 E Rainbow Vw.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Mrsec46
    "Everyone is pretty much good people in my neighborhood and we have a good mix of all nationalities "
    0
    Flag
  • Brianna wells
    "Block party’s for the community at the local park. Neighbor will go around and cut long time living home owners yards for them."
    0
    Flag
  • Mrsec46
    "I’ve lived here in this area about 35 years with 5 being here presently in Urbana. This area has predominantly home owners and families. The neighbors are very nice and friendly "
    0
    Flag
  • Jl.jackson1005
    "My commute is often comprised of use of I74. My proximity to the highway makes for ease of use and access to all amenities."
    0
    Flag
  • Keriana Robinson
    "I don’t know what they would want get them something fun for them add some treats in the dog park or anything "
    1
    Flag
  • Laurj
    "We have Occasional block parties, neighborhood holiday party, and we participate in the neighborhood watch group for our city. Each year the police send out a representative to meet with us and give us relevant tips for safety."
    2
    Flag
  • Laurj
    "Our little area is a mix of retirees, empty nesters and young families. People are friendly. We have a neighborhood watch group in place. Children could walk to schools."
    3
    Flag
  • Laurj
    "Neighborhood has easy access to bus services and is within walking distances for schools. Most people do rely on their cars for transportation though."
    0
    Flag
  • Laurj
    "Neighborhood has been changing from older families to younger families with children. Safe area for children to play outside."
    0
    Flag
  • Kristinakblack
    "Nice sidewalks for walking dogs. Nice streetlamps for walking at night. fairly quiet neighborhood. Park nearby with nice trees."
    4
    Flag
  • Mack
    "Very simple. I walk and bike most places. The city needs an upgrade. Some areas have had attention. It feels like the city government should give incentive to people to clean up yards and refurbish houses. Painting programs and community garbage hauling days would be a good start. "
    0
    Flag
  • Kristen
    "There is easy access to public transportation. I drive a vehicle but am also within walkable distance to nearby shops. "
    0
    Flag
  • Cgaddis70
    "Greta! An quiet community . Friendly neighborhood and very little crime . I enjoy living in Urbana !"
    5
    Flag
  • Grhues
    "The email list serve is full of helpful neighborly advice, free plants and good discussions about neighborhood issues. The area trends liberal which I love. "
    0
    Flag
  • Kristinakblack
    "Fairly Quiet area. Lots of people walking their dogs or walking with children riding bikes or pulled in wagons. Park with playground equipment only 3 or 4 blocks away. "
    4
    Flag
  • Dominick W.
    "I drive but Urbana has a great bus system there are the new bikes you pay to ride everywhere in the community Lyft and Uber is Pretty safe here that’s taken over the cab companies out of business because their considered safer and quicker "
    0
    Flag
  • Pamela H.
    "It’s great!!! It’s quiet and there aren’t a lot of people that hang around outside. I can go outside at any time and walk my dog. "
    2
    Flag
  • Kimberly C.
    "there are some wonderful parks here and lots of big beautiful tress that shade the streets, a wonderful library, and a community pool"
    1
    Flag
  • Leekzulu
    "I live less than a mile from my job. I chose to walk however the bus stop is less than 100ft from my front door. "
    0
    Flag
  • Cubschick39
    "It's a quiet neighborhood, great for walking, running, riding bikes. People wave at you when they see you out even if they dont know you. Families and retired people mostly in the community."
    3
    Flag
  • Kdixon1391@yahoo.com
    "Close to a big box store, drug stores, gas stations, but relatively quiet, our street is not busy. Also, well established neighborhood. Not very transient."
    0
    Flag
  • Roseanna B.
    "Lots of parks and nice pathways for dog walking. Very dog active community. "
    0
    Flag
  • K.a3e.garris
    "Dogs and or any pets are not welcome in my direct community unless they are service animals. But there is a dog park less than a mile away for those living in neighborhoods in surrounding areas."
    1
    Flag
  • Jordanducey1129
    "Pretty quiet for the most part. I like all the mature trees and the dog park is just down the road. The park and pool are also within Walking distance."
    0
    Flag
  • Jordanducey1129
    "There is a dog park down the road from where I live and there are very friendly dog owners. It seems like everyone has a dog! This is a very dog-friendly community."
    1
    Flag
  • Renewahl20
    "Good neighborhood for riding bikes. Lots of trees. Buses pick up children to go to school. Neighborhood watch. "
    0
    Flag
  • Jl j.
    "I have lived here for five years and the neighborhood is above average. There are some contingencies I could do without but it’s ok"
    0
    Flag
  • Candace P.
    "There is nothing unique about this neighborhood. I don't really like it. my neighbors are too loud. "
    1
    Flag
  • Jenny F.
    "It’s large mature trees, parks, schools and a laid back vibe, I feel safe walking during the day or night. "
    0
    Flag
  • Jenny F.
    "I’ve lived in Urbana for 40 years and this neighborhood is safe and very kid friendly. Close to stores and gas stations."
    0
    Flag

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Apartments for Rent

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Homes for sale near 2301 E Rainbow Vw

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Off Market Homes Near 2301 E Rainbow Vw

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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