309 S Coler Ave
Urbana, IL 61801
- 4 Beds
- 2 Baths
- 1,471 sqft
4 Beds
2 Baths
1,471 sqft
Local Information
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Description
Excellent near-campus investment opportunity with stable rental income and strong long-term appeal. Located in a desirable area close to campus, this property is well positioned for consistent tenant demand and dependable cash flow. The current lease generates $1,575 per month through July 2026, with rent increasing to $1,665 per month through July 2027, offering immediate income and scheduled revenue growth. Ideal for investors searching for a reliable near-campus rental property, income-producing asset, or well-located addition to a real estate portfolio.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$143
Listed
33 days ago
Home Details for 309 S Coler Ave
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MLS Status: Active |
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Interior Details Basement: Finished,Egress Window,FullNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1471 Square Feet |
Heating & Cooling Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa Number of Fireplaces: 1Has a Fireplace |
Levels, Entrance, & Accessibility Stories: 2Accessibility: No Disability Access |
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Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (below surface): 772 Square Feet |
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Days on Market: 33 |
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Year Built Year Built: 1908 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Construction Materials: Aluminum SidingNot a New Construction |
Property Information Parcel Number: 922117107015 |
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Price List Price: $210,000Price Per Sqft: $143 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Urbana |
School Information Elementary School: Urbana 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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Listing Agent Listing ID: 12603714 |
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Building Area Building Area: 2243 Square Feet |
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HOA Fee Includes: None |
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Lot Area: 4000 sqft |
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Special Conditions: None |
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Business Information Ownership: Fee Simple |
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BasementMls Number: 12603714 |
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MRD Price History On IDX Display: YesSource Internet Entire Listing DisplayMRD Listing On IDX Display: YesMRD Market Time On IDX Display: YesMRD REMARKSINTERNET: Yes |
Last check for updates: about 14 hours ago
Listing courtesy of: Nicholas Ward, (217) 840-0388
JOEL WARD HOMES, INC
Source: MRED as distributed by MLS GRID, MLS#12603714

Also Listed on MRED as distributed by MLS GRID.
Price History for 309 S Coler Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/27/2026 | $210,000 | Listed For Sale | MRED as distributed by MLS GRID #12603714 |
| 04/30/2024 | ListingRemoved | Zillow Rentals | |
| 04/05/2024 | $1,575 | Listed For Rent | Zillow Rentals |
| 04/27/2023 | $150,000 | Sold | MRED as distributed by MLS GRID #11785400 |
| 03/12/2021 | ListingRemoved | Zillow Rental Manager | |
| 11/19/2020 | $1,800 | Listed For Rent | N/A |
| 02/03/2020 | $1,850 | ListingRemoved | Agent Provided |
| 09/18/2019 | $1,850 | PriceChange | Agent Provided |
| 05/21/2019 | $1,495 | PriceChange | Agent Provided |
| 02/11/2019 | $1,850 | Listed For Rent | Agent Provided |
| 10/11/2018 | $160,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $5,076 |
| Assessment | $147,630 |
Home facts updated by county records
Comparable Sales for 309 S Coler Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.05 | Single-Family Home | $280,000 | 08/04/25 | 3 | 1.5 | 1,327 | |
0.09 | Single-Family Home | $263,000 | 10/20/25 | 3 | 1.5 | 1,728 | |
0.32 | Single-Family Home | $240,000 | 06/02/25 | 4 | 2 | 2,167 | |
0.21 | Single-Family Home | $304,000 | 07/07/25 | 4 | 2 | 1,861 | |
0.20 | Single-Family Home | $248,000 | 12/04/25 | 3 | 2 | 2,131 | |
0.20 | Single-Family Home | $290,000 | 04/08/26 | 3 | 1.5 | 2,057 | |
0.26 | Single-Family Home | $219,800 | 08/14/25 | 3 | 2 | 1,546 | |
0.33 | Single-Family Home | $254,900 | 05/02/25 | 3 | 1.5 | 1,665 | |
0.51 | Single-Family Home | $222,000 | 09/24/25 | 4 | 2 | 1,723 |
Assigned Schools
These are the assigned schools for 309 S Coler Ave.
What Locals Say about Urbana
At least 220 Trulia users voted on each feature.
87 % 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
55 % 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
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Nicholas Ward, JOEL WARD HOMES, INC
Agent Phone: (217) 840-0388

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
309 S Coler Ave, Urbana, IL 61801 is a 4 bedroom, 2 bathroom, 1,471 sqft single-family home built in 1908. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Mar 27, 2026. The MLS # for this home is MLS# 12603714.

