$140,000
PENDING

1901 N Lincoln Ave Unit 316 Urbana, IL 61801

King Park Neighborhood

Estimated payment $1,337/month

Total Views 734
2 Beds
2 Baths
909 Sq Ft
$154 Price per Sq Ft

Highlights

  • Living Room
  • Central Air
  • Family Room
  • Laundry Room
  • Dining Room
  • 4-minute walk to Lincoln Memorial Garden

About This Home

Best option at Capstone Quarters, in the front building next to all amenities, and on the third floor with cathedral ceiling and west exposure. Furnished unit with all appliances. Included is the use of the clubhouse, 24 hour fitness center, 32 seat movie theater , 24 hour computer lab, group study and game rooms w/a resort style swimming pool. It is located 1 mile from the University on the bus line. The condo fees cover internet, garbage removal, exterior maintenance, lawn care, snow removal, parking and the upkeep of the site amenities. Both rooms are fully leased until 7/31/2026. Each tenant pays $639/room basic monthly rent and $50/room for utilities and $10 service fee ($699/room/month or $1398 total for both rooms each month). A great investment opportunity.

Listing Agent

Hazem Jaber

Coldwell Banker R.E. Group License #475115467 Listed on: 07/16/2025

Coldwell Banker R.E. Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,209

Year Built

  • Built in 2006

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 909 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Included in Price

Schools

  • Martin Luther King Jr Elementary School
  • Urbana Middle School
  • Urbana High School

Utilities

  • Central Air
  • Heating Available

Community Details

Overview

  • Association fees include parking, insurance, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, snow removal, internet
  • 56 Units
  • Manager Association, Phone Number (217) 367-7368
  • Property managed by Ramshaw

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,209

Year Built

Built in 2006

Lot Details

0

HOA Fees

$225 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 2
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 3 IN MELROSE OF URBANA 1ST SUBD UNIT 316
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 909
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 909
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 909
  • Basement Sq Ft: 0
  • Total Sq Ft: 909
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 909
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick
  • List Price: 140000
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 225
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Ramshaw
  • Management Contact Name: Manager
  • Management Phone: 217-367-7368

Fee Information

  • Association Fee Includes: Parking, Insurance, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Snow Removal, Internet

Schools

  • Elementary School: Martin Luther King Jr Elementary
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Pets Allowed (Y/N): No
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4209
  • Tax Year: 2024

Multi Family

  • Units in Building: 56

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,905 $46,810 $9,270 $37,540
2023 $3,905 $42,710 $8,460 $34,250
2022 $3,608 $39,330 $7,790 $31,540
2021 $3,309 $36,650 $7,260 $29,390
2020 $3,182 $35,580 $7,050 $28,530
2019 $3,091 $35,580 $7,050 $28,530
2018 $2,372 $28,960 $7,100 $21,860
2017 $2,454 $28,960 $7,100 $21,860
2016 $2,440 $28,960 $7,100 $21,860
2015 $2,467 $28,960 $7,100 $21,860
2014 $2,434 $28,960 $7,100 $21,860
2013 $3,030 $28,960 $7,100 $21,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Pending -- -- --
07/16/2025 07/16/25 For Sale $140,000 +29.6% $154 / Sq Ft
05/03/2021 05/03/21 Sold $108,000 0.0% $120 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $108,000 -- $120 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $108,000 Attorney
Special Warranty Deed $142,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,000 New Conventional
Previous Owner $135,375 Unknown
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12422143

Midwest Real Estate Data (MRED)

APN: 91-21-06-477-052