402 S Cottage Grove Ave Urbana, IL 61802
Historic East Urbana Neighborhood
3
Beds
2
Baths
962
Sq Ft
1913
Built
Highlights
- Porch
- Bungalow
- Forced Air Heating System
About This Home
As of May 2025Positioned in the Historical Urbana District sits this charming duplex style bungalow. This cash flowing investment opportunity brings in 19,200/year. Offers charm, income and updates. Downstairs unit offers 2 bedrooms and an updated kitchen. Rents out for 850/month until 7/2025. Kitchen offers maple cabinets and some newer appliances. Original hardwood floors, and newer carpet. Upstairs efficiency unit is 1 bedroom - has been updated as well and collects 675/month rent. It also offers its own laundry hookups. The detached garage also rents for 75/month. Front porch and backyard patio space. Located near restaurants, bus-lines, and convenient access to downtown Urbana and the U of I. Roof was replaced in 2017. Garage and back entrance access from the back alley.
Last Agent to Sell the Property
eXp Realty-Mahomet License #475124281 Listed on: 04/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,586
Year Built
- Built in 1913
Parking
- 1.5 Car Garage
Home Design
- Bungalow
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Schools
- Urbana Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Porch
- Lot Dimensions are 50x136
Community Details
- 2 Units
- Gross Income $19,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 4, 2025
Closed on
May 27, 2025
Sold by
Midwest Sky Properties Llc
Bought by
Braun Jack
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Brandon Moore
RE/MAX REALTY ASSOCIATES-CHA
List Price
$144,900
Sold Price
$145,000
Premium/Discount to List
$100
0.07%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.86%
Original Mortgage
$160,000
Outstanding Balance
$160,000
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
-$17,004
Purchase Details
Closed on
May 7, 2018
Sold by
The Electrum Group Inc
Bought by
Midwest Sky Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 24, 2010
Sold by
Vonha Hai
Bought by
Vonha Trung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 23, 2010
Sold by
Vonha Trung and Nguyen Loan
Bought by
The Electrum Group Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage
Similar Homes in Urbana, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $145,000 | None Listed On Document | |
| Corporate Deed | $546,833 | Attorney | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $56,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | Construction | |
| Previous Owner | $90,000 | New Conventional | |
| Previous Owner | $57,000 | Commercial | |
| Previous Owner | $45,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $19,500 | Credit Line Revolving | |
| Previous Owner | $39,783 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Sold | $145,000 | +0.1% | $151 / Sq Ft |
| 04/10/2025 04/10/25 | Pending | -- | -- | -- |
| 04/04/2025 04/04/25 | For Sale | $144,900 | -- | $151 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,586 | $26,640 | $9,510 | $17,130 |
| 2023 | $2,586 | $24,310 | $8,680 | $15,630 |
| 2022 | $2,422 | $22,380 | $7,990 | $14,390 |
| 2021 | $2,422 | $20,860 | $7,450 | $13,410 |
| 2020 | $2,178 | $20,250 | $7,230 | $13,020 |
| 2019 | $2,116 | $20,250 | $7,230 | $13,020 |
| 2018 | $2,107 | $20,390 | $7,280 | $13,110 |
| 2017 | $2,179 | $20,390 | $7,280 | $13,110 |
| 2016 | $2,084 | $19,610 | $7,000 | $12,610 |
| 2015 | $2,107 | $19,610 | $7,000 | $12,610 |
| 2014 | $2,079 | $19,610 | $7,000 | $12,610 |
| 2013 | $2,052 | $19,610 | $7,000 | $12,610 |
Source: Public Records
Agents Affiliated with this Home
-
Nate Evans
Seller's Agent in 2025
Nate Evans
eXp Realty-Mahomet
(217) 493-9297
22 in this area
1,762 Total Sales
-
Brandon Moore
Buyer's Agent in 2025
Brandon Moore
RE/MAX
(217) 841-7048
3 in this area
87 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12330177
APN: 92-21-16-130-007
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