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309 S Coler Avenue, Urbana, IL 61801

Urbana
Local realty services provided by:CENTURY 21 New Heritage
309 S Coler Avenue,Urbana, IL 61801
$199,000
  • 4 Beds
  • 2 Baths
  • 1,471 sq. ft.
  • Single family
  • Active
Listed by: nicholas ward
Office: joel ward homes, inc
MLS#:12603714
Source:MLSNI

Price summary

  • Price:$199,000
  • Price per sq. ft.:$135.28

About this home

Excellent near-campus investment opportunity with stable rental income and strong long-term appeal. Located in a desirable area close to campus, this property is well positioned for consistent tenant demand and dependable cash flow. The current lease generates $1,575 per month through July 2026, with rent increasing to $1,665 per month through July 2027, offering immediate income and scheduled revenue growth. Ideal for investors searching for a reliable near-campus rental property, income-producing asset, or well-located addition to a real estate portfolio.

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Home facts

  • Year built:1908
  • Listing ID #:12603714
  • Updated:October 27, 2026 at 12:54 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:6
  • Basement Description:Egress Window, Finished, Full
  • Living area:1,471 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1908
  • Building area:1,471 sq. ft.
  • Levels:2 Story

Schools

  • High school:Urbana High School
  • Middle school:Urbana Middle School
  • Elementary school:Urbana Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,000
  • Price per sq. ft.:$135.28
  • Tax amount:$5,076 (2024)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Lisa Rossow

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