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Sold on 09/01/2025
J Leman of eXp Realty-Champaign
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301 E University Ave, Champaign, IL 61820

$945,000

Last sold 09/01/2025 after 25 Days

  • —

    bed

  • —

    bath

  • 0.23

    Acre ($4.1M/Acre)

Lot/Land not for sale
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About 301 E University Ave

Property type Lot/Land
Neighborhood
HOA fee $0/month
Lot size 10,019 Sqft
Property description
Excellent site for campus multi-family development. This property is 9,972 square feet of development land (.22 acre) that is "shovel ready". Zoned CB1, Central Business Urban Fringe. The maximum height in the CB1 District is 85 feet, and the minimum height is 20 feet. There are no minimum required setbacks in CB1, but the maximum allowable setback on the west and north frontages is 15 feet. Ground-floor residential units may not face E. University Ave., as multifamily units are allowed as a provisional use subject to the standards in Sec. 37-262. The ground-floor space facing E. University Ave. may be occupied by any of the permitted uses in the district (Most likely retail)
Listed by
Listing Agent - J Leman
Listing Office - eXp Realty-Champaign
Source: MRED mls logo
MLS#12440720 • last updated 11 months ago
Movoto checked MRED for data 13 minutes ago
Overview
MLS # 12440720
Virtual Tour N/A
Status Closed
SubType None
Type Land
Lot Size (Acres) 0.23
Property Tax $ 10434.96
Exterior
Other Structures Second Residence
Lot Desc .25-.49 Acre
Amenities / Utilities
Utilities None
Location
County Champaign
Elementary School Unit 4 Of Choice
Elementary School District 4
High School Central High School
Middle School District 4
Middle School Champaign/Middle Call Unit 4 351
High School District 4
APN 462107359001
Zoning OTHER
Directions East On University - Turn R On Third
Lot/ Land Details
Possible Use Multi-Family
Current Use Residential
Road Surface Asphalt
  • Oct 2025
    mls logo MLS # 12440720
  • Oct 22, 2025 Sold
    $945,000
  • Aug 7, 2025 Listed
    $995,000 (+93.6%)
  • Oct 2025
    Public Records
  • Oct 20, 2025 Sold
    $945,000 (-5.0%)
  • Jul 2024
    Public Records
  • Jul 16, 2024 Sold
    $514,000
  • Jul 2024
    mls logo MLS # 12061643
  • Jul 14, 2024 Sold
    $514,000 (+1.8%)
  • May 29, 2024 Active
    —
  • May 21, 2024 Listed
    $505,000
  • Year Property taxes Tax assessment
  • 2024
    $10,435 +6.2%
    $119,660 +9.8%
  • 2023
    $9,828 +6.3%
    $108,980 +8.39%
  • 2022
    $9,245 +8.6%
    $100,540 +8.12%
  • 2021
    $8,513 +4.8%
    $92,990
  • 2020
    $8,120 +3.3%
    $92,990 +5.0%
  • 2019
    $7,858
    $88,560
  • 301 E University Ave
    $945K
  • Hill Street East
    $487K +143% y/y
  • 61820
    $216K +20% y/y
  • Champaign
    $279K +7% y/y
No chart available
Statistics calculated by Movoto

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5/10
Central High School
public Grades 9-12
Champaign Community Unit School District 4
Source: GreatSchools.org © 2026. All rights reserved.

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