506 E Elm St, Urbana, IL 61802
Property image
Property image
OFF MARKET

506 E Elm St
Urbana, IL 61802

  • 1 Bed
  • 1 Bath
1 Bed
1 Bath

Local Information

  • Map ViewExplore the area around 506 E Elm St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family

About this House

Fully furnished apartment ready for move-in. Spacious one bed/one bath. Washer and dryer in unit. Within quick walking distance to downtown Urbana. Apartment comes with an off-street parking space. Open to negotiating.
506 E Elm St, Urbana, IL 61802 is a 1 bedroom, 1 bathroom multi-family. It last sold for $460,000 on Aug 28, 2025. More recently, it was listed as a rental in December 2017 with an asking price of $600 per month. That rental listing was removed on January 21, 2018. It is currently off market. The Trulia Estimate rent is $958/month.

Home Details for 506 E Elm St

Property Information

Property Type / Style
Property Type: Multi Family

Rental Terms, Policies & Fees

Furnished

Interior Features

Appliances & Utilities
Washer

Exterior Features

Parking & Garage
Parking: Off Street

Community

Units in Building: 5

Price History for 506 E Elm St

DatePriceEventSource
08/28/2025$460,000Sold
N/A
05/14/2025$460,000Sold
N/A
01/21/2018$600ListingRemovedAgent Provided
12/06/2017$600Listed For RentAgent Provided
06/07/2016$600ListingRemovedAgent Provided
03/08/2016$600Listed For RentAgent Provided
11/16/2015$235,000Sold
N/A
11/18/2010$215,000Sold
N/A

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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Property Tax and Assessment

Year2024
Tax$9,917
Assessment$288,450
Home facts updated by county records

Comparable Sales for 506 E Elm St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
401 S Maple St, Urbana, IL
0.16
Multi-Family Home
$105,000
03/13/26
3
2
-
106 N Cottage Grove Ave, Urbana, IL
0.36
Multi-Family Home
$200,000
04/09/26
3
2
880
401 S Webber St, Urbana, IL
0.19
Multi-Family Home
$230,000
11/10/25
5
2.5
2,296
102 S Grove St, Urbana, IL
0.06
Multi-Family Home
$200,000
04/09/26
2
-
1908 S Prairie Winds Dr, Urbana, IL
0.60
Multi-Family Home
$265,000
04/08/26
2
2
1,622
208 S Poplar St, Urbana, IL
0.41
Multi-Family Home
$137,900
12/10/25
3
2
-
710 S Race St, Urbana, IL
0.50
Multi-Family Home
$200,000
09/19/25
3
2
-
906 E Washington St, Urbana, IL
0.49
Multi-Family Home
$122,000
08/04/25
2
2
-
607 S Glover Ave, Urbana, IL
0.51
Multi-Family Home
$205,700
05/01/26
4
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 506 E Elm St.
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
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  • 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
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  • 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
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Apartments for Rent

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Explore by feature - Pet Friendly

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Explore by feature - Garage

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Explore by feature - Pool

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Explore by feature - Washer/dryer

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Explore by feature - Outdoor Space

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Homes for sale near 506 E Elm St

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Off Market Homes Near 506 E Elm St

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