503 S  Race St, Urbana, IL 61801
OFF MARKET

503 S Race St
Urbana, IL 61801

  • 3 Beds
  • 2 Baths
  • 3 Beds
  • 2 Baths

$170,100

Trulia Estimate
as of Apr 23, 2024
Est. Refi. Payment $1,273/mo*

Homes for Sale Near 503 S Race St

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from April 29, 2022
Highly desirable location close to Campus on the the West side of Lincoln Square. Two units zoned mixed use inspected by the City of Urbana in 2020. Many improvements made to plumbing, electrical, water main, and roof. Downstairs 2 bedroom has leased for $750/month, upstairs 1 bedroom is leased for $670/month through December 2021. Both units have and a portable dishwasher and upstairs has a window A/C. Hardwood floors. Both ranges were new in 2018. 95% efficient furnace and water heaters. Double paned Pella windows. 5 or 6 parking spaces. Great investment property, continually rented since 1999. Tenant pays gas and electric. Owner pays water, hauling, and sewer. 5 rented parking spaces that are owned by landlord.

Home Highlights

Parking
5 Parking Spaces
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 503 S Race St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: FullNumber of Rooms: 7
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas
Windows, Doors, Floors & Walls
Window: Porch Screened

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Porch Screened
Parking & Garage
Parking Spaces: 5Parking: Assigned
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1878
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Asbestos SidingNot a New Construction
Property Information
Parcel Number: 922117251006

Price & Status

Price
List Price: $137,000
Status Change & Dates
Off Market Date: Fri Oct 08 2021Possession Timing: Close Of Escrow

Location

Direction & Address
City: Urbana
School Information
Elementary School: Leal Elementary SchoolElementary School District: 116Jr High / Middle School: Urbana Middle SchoolJr High / Middle School District: 116High School: Urbana High SchoolHigh School District: 116

Lot Information

Lot Area: 4791.6 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash

Compensation

Buyer Agency Commission: 3Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 11170412

Additional Information

Mlg Can ViewMlg Can Use: IDX
Last check for updates: about 14 hours ago
Listed by Ellen Cunnington, (217) 778-1990
KELLER WILLIAMS-TREC
Bought with: Jonah Weisskopf, (217) 369-2150, Beringer Realty
Source: MRED as distributed by MLS GRID, MLS#11170412

Price History for 503 S Race St

DatePriceEventSource
11/03/2021$130,000Sold
MRED as distributed by MLS GRID #11170412
10/13/2021$137,000PendingMRED as distributed by MLS GRID #11170412
10/08/2021$137,000ContingentMRED as distributed by MLS GRID #11170412
09/26/2021$137,000Listed For SaleMRED as distributed by MLS GRID #11170412

Property Taxes and Assessment

Year2022
Tax$4,758
Assessment$131,880
Home facts updated by county records

Comparable Sales for 503 S Race St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.18
Multi-Family Home
$150,000
11/15/23
5
2
-
0.18
Multi-Family Home
$185,000
03/22/24
2
2
-
0.45
Multi-Family Home
$119,000
08/07/23
2
2
-
0.38
Multi-Family Home
$190,000
02/10/24
4
2
-
0.29
Multi-Family Home
$222,000
08/23/23
6
3
-
0.42
Multi-Family Home
$160,000
04/28/23
6
3
-
0.44
Multi-Family Home
$42,500
08/29/23
2
2
-
0.64
Multi-Family Home
$152,500
06/30/23
4
2
-

Assigned Schools

These are the assigned schools for 503 S Race St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Urbana

  • 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."
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  • 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 "
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  • 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."
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  • 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."
    0
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  • 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

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 503 S Race St

Off Market Homes Near 503 S Race St

503 S Race St, Urbana, IL 61801 is a 3 bedroom, 2 bathroom multi-family built in 1878. This property is not currently available for sale. 503 S Race St was last sold on Nov 3, 2021 for $130,000 (5% lower than the asking price of $137,000). The current Trulia Estimate for 503 S Race St is $170,100.