About This Home

This 4-bedroom, 2-bathroom single family at 309 S Coler Avenue in Urbana, IL is listed for $199,000 ($135 per sqft). Built in 1908, the home offers 1,471 sqft of living space on a N/A lot.

Key Features

  • Built in 1908
  • 2 stories
  • Fireplace

Property Details

2 stories
2 full
1908

Amenities

FireplaceA/C
Listing Description

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.

Monthly Cost Estimate

$1,064/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58

Estimates only. Actual payments may vary.

Location

309 S Coler Avenue

Urbana, IL 61801

Property Details

Construction

Aluminum Siding

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 4-bedroom, 2-bathroom single family at 309 S Coler Avenue is listed at $199,000 ($135/sqft). The estimated monthly payment is $1,064 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1908, 2 stories, Fireplace.

This property is listed by Nicholas Ward.

NW

Nicholas Ward

Agent at Joel Ward Homes, Inc.

Listed by Joel Ward Homes, Inc. · Broker phone: (217) 355-4999 · View on Broker Site · Broker website

MLS# 12603714· Source: Midwest Real Estate Data, LLC· 217 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

309 S Coler Avenue, Urbana, IL 61801

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