About 309 S Coler Avenue
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.
Features of 309 S Coler Avenue
| MLS® # | 12603714 |
|---|---|
| Price | $199,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,471 |
| Year Built | 1908 |
| Type | Residential |
| Sub-Type | Detached Single |
| Status | Price Change |
| HOA Fees Freq. | Not Applicable |
| Taxes | $5,076 |
Community Information
| Address | 309 S Coler Avenue |
|---|---|
| Area | Urbana |
| City | Urbana |
| County | Champaign |
| State | IL |
| Zip Code | 61801 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Stories | 2 Stories |
| Has Basement | Yes |
| Basement | Finished, Egress Window, Full |
Exterior
| Exterior | Aluminum Siding |
|---|
School Information
| District | 116 |
|---|---|
| Elementary | Urbana Elementary School |
| Middle | Urbana Middle School |
| High | Urbana High School |
Additional Information
| Days on Market | 167 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | JOEL WARD HOMES, INC |
|---|