705 Springfield Ave
Urbana, IL 61801
- 7 Beds
- 1,850 sqft
7 Beds
1,850 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1945
Living Area
1,850 sqft
Parking
None
About this House
SOLD AT LIST! This listing comes with 4 properties all zoned B2. Endless possibilities!! Possible that the multiple adjoining parcels could qualify for Planned Urban Development (PUD) Price is based on the value of the land and development potential. Addresses included in this listing: 705 & 707 W Springfield, 101 N Coler Ave & 704 W Western Ave, Urbana. See attached Plat, B2 Zoning information in attachments.
705 Springfield Ave, Urbana, IL 61801 is a 7 bedroom, 1,850 sqft multi-family built in 1945. It last sold for $665,000 on May 21, 2021. More recently, it was listed as a rental in October 2020 with an asking price of $3,105 per month. That rental listing was removed on December 9, 2020. It is currently off market. The Trulia Estimate rent is $1,165/month.
Home Details for 705 Springfield Ave
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Heating & Cooling Heating: GasHeating Fuel: Gas |
Appliances & Utilities Refrigerator |
Levels, Entrance, & Accessibility Floors: Hardwood |
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Year Built Year Built: 1945 |
Property Type / Style Property Type: Multi Family |
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Parking & Garage Parking: None |
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Units in Building: 2 |
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Lot Area: 3484 sqft |
Price History for 705 Springfield Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/21/2021 | $665,000 | Sold | N/A |
| 03/11/2021 | $875,000 | Pending | RE/MAX International #11017621 |
| 12/09/2020 | $3,105 | ListingRemoved | Agent Provided |
| 10/07/2020 | $3,105 | Listed For Rent | Agent Provided |
| 01/01/2020 | $1,400,000 | ListingRemoved | Agent Provided |
| 01/19/2019 | $1,400,000 | Listed For Sale | Agent Provided |
Market trends in Urbana
Last updated June 2026
Avg. sale price
$202K
$1KMoM
Sale-to-List Price
98.4%
0.3%MoM
Price per sq ft
$147
$2MoM
Available listings
122
1MoM
Property Tax and Assessment
| Year | 2021 |
|---|---|
| Tax | $6,483 |
| Assessment | $180,180 |
Home facts updated by county records
Comparable Sales for 705 Springfield Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.18 | Multi-Family Home | $225,000 | 02/18/26 | 7 | 2 | - | |
0.93 | Multi-Family Home | $230,000 | 11/10/25 | 5 | 2.5 | 2,296 | |
0.35 | Multi-Family Home | $310,000 | 08/29/25 | 4 | 4 | - | |
0.39 | Multi-Family Home | $265,000 | 04/08/26 | 2 | 2 | 1,622 | |
0.39 | Multi-Family Home | $212,000 | 12/22/25 | 5 | 3 | - | |
1.13 | Multi-Family Home | $200,000 | 04/09/26 | 3 | 2 | 880 | |
0.76 | Multi-Family Home | $105,000 | 03/13/26 | 3 | 2 | - | |
0.76 | Multi-Family Home | $140,000 | 06/30/26 | 4 | 2 | - | |
1.03 | Multi-Family Home | $245,000 | 01/23/26 | 4 | 2 | - | |
1.52 | Multi-Family Home | $265,000 | 07/23/26 | 5 | 4 | 1,385 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 705 Springfield Ave.
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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