716 W Iowa St Urbana, IL 61801
West Urbana NeighborhoodEstimated payment $3,140/month
About This Home
Solid brick duplex in the heart of the State Streets! This well-designed, two-story duplex was originally constructed as a duplex-not a conversion-and offers incredible potential just steps from the University of Illinois. Each unit features spacious living areas with hardwood flooring throughout and a fireplace in both units, adding warmth and character. There's also an unfinished walk-up attic in each unit, perfect for extra storage or future expansion. The property includes a full basement, a 2-car garage, and boasts beautiful curb appeal with its classic brick exterior. Whether you're looking for a smart investment property or an ideal house hack opportunity-live in one unit and rent the other-this home checks all the boxes. Don't miss your chance to own a piece of one of Urbana's most desirable neighborhoods!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,940
Year Built
- Built in 1940
Lot Details
- Lot Dimensions are 110.1 x 65.7
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
Schools
- Leal Elementary School
- Urbana Middle School
- Urbana High School
Utilities
- Heating System Uses Natural Gas
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,940 | $129,600 | $26,390 | $103,210 |
| 2023 | $11,940 | $118,250 | $24,080 | $94,170 |
| 2022 | $11,136 | $108,880 | $22,170 | $86,710 |
| 2021 | $10,306 | $101,470 | $20,660 | $80,810 |
| 2020 | $9,952 | $98,520 | $20,060 | $78,460 |
| 2019 | $9,668 | $98,520 | $20,060 | $78,460 |
| 2018 | $9,630 | $99,210 | $20,200 | $79,010 |
| 2017 | $9,962 | $99,210 | $20,200 | $79,010 |
| 2016 | $9,501 | $95,390 | $19,420 | $75,970 |
| 2015 | $9,259 | $95,390 | $19,420 | $75,970 |
| 2014 | $9,134 | $92,160 | $18,760 | $73,400 |
| 2013 | $9,211 | $94,040 | $19,140 | $74,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2025 05/17/25 | Pending | -- | -- | -- |
| 05/14/2025 05/14/25 | For Sale | $385,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12340294
APN: 93-21-17-305-018
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