306 W Illinois Street Urbana, IL ^$ 250,000

306 W Illinois Street

^$ 250,000

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Recently Listed

Open House 4/23 4pm - 6pm

306 W Illinois Street

Urbana, IL, 61801

^$ 250,000

Bedrooms3 Baths2.0 Sq 926

Monthly Estimate*

^$ 1,539

306 W Illinois Street, Urbana, IL 61801 - Image 1

306 W Illinois Street, Urbana, IL 61801 - Image 2

306 W Illinois Street, Urbana, IL 61801 - Image 3

306 W Illinois Street, Urbana, IL 61801 - Image 4

306 W Illinois Street, Urbana, IL 61801 - Image 5

306 W Illinois Street, Urbana, IL 61801 - Image 6

306 W Illinois Street, Urbana, IL 61801 - Image 7

306 W Illinois Street, Urbana, IL 61801 - Image 8

306 W Illinois Street, Urbana, IL 61801 - Image 9

306 W Illinois Street, Urbana, IL 61801 - Image 10

306 W Illinois Street, Urbana, IL 61801 - Image 11

306 W Illinois Street, Urbana, IL 61801 - Image 12

306 W Illinois Street, Urbana, IL 61801 - Image 13

306 W Illinois Street, Urbana, IL 61801 - Image 14

Single Family Home for sale in Urbana, IL

for $250,000 with 3 bedrooms and 2 full baths. This 926 square foot home was built in 1893 on a lot size of 0.06.

Fully furnished and turnkey, this updated 3-bedroom, 2-bath home is ideally located in Urbana's desirable State Streets neighborhood. The property has been extensively renovated, featuring all new flooring, a fully updated kitchen with new cabinets, countertops, and appliances, and two recently remodeled bathrooms. Additional highlights include a fenced backyard and a convenient off-street parking space located just west of the home. Currently operating as a successful short-term rental, the property has a proven income history. Whether you're seeking a primary residence, investment property, or a combination of both, this home offers flexibility for owner-occupancy, long-term leasing, or continued short-term rental use.

Open House

4/23/2026 4:00 PM - 6:00 PM

306 W Illinois Street Urbana, IL

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

^$ 250,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 5,295

Style

Bungalow

Lot Size

0.06

Year Built

1893

Town/City

Urbana

County/Region

Champaign

MLS | Web ID

12608862

Features

General

Living Area 926

Sewer Public Sewer

Heating Natural Gas Forced Air

Cooling Wall Unit(s)

Possession Specific

Appliances Dryer Range Refrigerator Washer

HOA Fee 0

Association Fee Includes None

Architectural Style Bungalow

Construction Materials Asbestos

Year Built 1893

Township Cunningham

Tax Year 2024

Ownership Fee Simple

Community Features Sidewalks

Assoc Fee Paid Per Not Applicable

County Champaign

New Construction N

Property Type Residential Detached Single

Subdivision Name Assessor's

Total Rooms 5

Full Baths 2

Status New

Directions From U of I campus / Lincoln Ave - East on Illinois St to house.

High School Urbana High School

City Urbana

High School District 116

MLS Area Urbana

Elementary School Urbana Elementary School

Tax Annual Amount 5295.26

Middle/Junior High School Urbana Middle School

Standard Status Active

Middle/Junior School District 116

Elementary School District 116

Interior

Interior Amenities 1st Floor Bedroom

Basement Finished Partial

Half Baths 0

Total Bedrooms 3

Below Grade Finished Area 0

Room Type Enclosed Porch Other Room

Total Baths 2

Bedrooms Possible 3

Exterior

Parking Features Gravel Yes Owned

Water Source Public

Total Parking 2

Lot Dimensions 62X42.25

Lot Size Acres 0.06

Waterfront Y/N N

Other Equipment CO Detectors

* Excluded Features

List By

Trautman Real Estate Agency & Appraisal Llc

Broker

pj@trautmanagency.com

Affordability Calculator

$1,981

Per Month

Monthly Principal & Interest: $1,539
Monthly Property Taxes: $441
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Urbana, IL

Average List Price ^$352,721

Percent of Sale Price 41%

About Urbana, IL

41,987 Population

11% Since 2002

^$39,331 Median Income

26.41 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1866534 Elementary School

1881592 Middle School

Urbana High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/20/2026	$250,000		Listed Price

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306 W Illinois Street, Urbana, IL, 61801 is a Single Family Home for sale at $250,000 with 926 sqft and a lot size of 0.06. 306 W Illinois Street has 3 bedrooms, 2.0 baths, and was built in 1893. The property's zip code is 61801 which is in Urbana, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/21/2026.

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306 W Illinois Street

Single Family Home for sale in Urbana, IL

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