$211,666
SOLD DEC 20, 2024

508 W Columbia Ave Champaign, IL 61820

7 Beds
4 Baths
1,166 Sq Ft
-- Built

Recently Sold

$182 Per Sq Ft

20% Below List Price

169 Days on Market

About This Home

As of June 2025

Three unit multifamily house great for an investor looking to add to their portfolio. All units have been recently remodeled. The three units include a 3bed/2bath, 3bed/1bath, and a 1bed/1bath within a two story converted house. This property has an impressive rental history and is currently fully leased through the end of July, 2024, with two of three units rented through 2025. Laundry machines located in the basement for use by the entire property. Laundry machines located in the basement for use by the entire property. Conveniently located in central Champaign with easy access to downtown along with the surrounding CU community. This will be sold as a package with the other investment properties.

Last Agent to Sell the Property

Jordan Dunahee

Ramshaw Real Estate License #475181066 Listed on: 05/22/2024

Last Buyer's Agent

Jill Hess

RE/MAX REALTY ASSOCIATES-CHA License #475167225

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,599

Year Renovated

  • 2022

Home Design

  • Converted Dwelling
  • Vinyl Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Schools

  • Unit 4 Of Choice Elementary School
  • Champaign/Middle Call Unit 4 351
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 66 x 132

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,599

Year Renovated

2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • Legal Description: LOT 9 BLOCK 2 HULINGS ADD OF TOWN LOTS
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 265000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Elementary School: Unit 4 Of Choice
  • High School: Central High School
  • Middle/Junior School: Champaign/Middle Call Unit 4 351
  • Middle/Junior School District: 4

Lot Info

  • Lot Dimensions: 66 X 132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 3599
  • Tax Year: 2022

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Converted Residence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2025
Closed on
Jun 5, 2025
Sold by
Three Columbia Properties Llc
Bought by
Johnson David
Seller's Agent
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Rodica Taritsa
KELLER WILLIAMS-TREC
List Price
$275,000
Sold Price
$275,000
Total Days on Market
169
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-20.37%
Original Mortgage
$206,250
Outstanding Balance
$206,250
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$58,908

Purchase Details

Closed on
Feb 28, 2025
Sold by
Sunshine Properties Llc and Horizon Park Properties Llc
Bought by
Three Columbia Properties Llc

Purchase Details

Listed on
May 22, 2024
Closed on
Dec 20, 2024
Sold by
Ramclean Llc
Bought by
Sunshine Uc Properties Llc and Horizon Park Properties Llc
Seller's Agent
Jordan Dunahee
Ramshaw Real Estate
Buyer's Agent
Jill Hess
RE/MAX REALTY ASSOCIATES-CHA
List Price
$265,000
Sold Price
$211,666
Premium/Discount to List
-$53,334
-20.13%
Views
176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.82%
Original Mortgage
$476,000
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2020
Sold by
Haynes Jeffery R and Haynes Jeff
Bought by
Ramclean Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 5, 2005
Sold by
Major Debbie Lynn and Major Clenest J
Bought by
Haynes Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $275,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $595,000 None Listed On Document
Warranty Deed $595,000 None Listed On Document
Warranty Deed $250,000 Act
Warranty Deed $63,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $206,250 New Conventional
Previous Owner $476,000 New Conventional
Previous Owner $685,000 Future Advance Clause Open End Mortgage
Previous Owner $28,252 Commercial
Previous Owner $125,297 Stand Alone Refi Refinance Of Original Loan
Previous Owner $135,000 Unknown
Previous Owner $93,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Sold $275,000 0.0% $236 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $275,000 +29.9% $236 / Sq Ft
12/20/2024 12/20/24 Sold $211,666 -20.1% $182 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $265,000 -- $227 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

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 $3,826 $46,590 $3,840 $42,750
2023 $3,826 $42,430 $3,500 $38,930
2022 $3,599 $39,140 $3,230 $35,910
2021 $3,514 $38,380 $3,170 $35,210
2020 $3,609 $39,360 $3,250 $36,110
2019 $3,493 $38,550 $3,180 $35,370
2018 $3,414 $37,940 $3,130 $34,810
2017 $3,428 $37,940 $3,130 $34,810
2016 $3,074 $37,160 $3,070 $34,090
2015 $3,098 $36,510 $3,020 $33,490
2014 $2,567 $36,510 $3,020 $33,490
2013 $3,044 $36,510 $3,020 $33,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12056691

Midwest Real Estate Data (MRED)

APN: 42-20-12-180-013