506 E Elm St, Urbana, IL 61802 Property Records

Champaign County property record for 506 E Elm St, Urbana, IL 61802

Property Summary

Property TypeSingle Family Home
Lot Size0.172 acres (7,513 sqft)
OwnerCompany Name on File
Last Sale$460,000 (Aug 2025)
Tax Bill$9,917 (2024)
Deeds & MortgagesFeb 2021 Line of Credit
Nov 2020 Transfer
+ 1 more
Flood ZoneZone X (minimal risk)
APN92-21-17-229-006

Property Details

APN / Parcel Number

Primary APN92-21-17-229-006

Interior

Units10 Units

Exterior

Architectural StyleMulti-Family
Lot Area7,513 sqft (0.172 acres)

Location & Zoning

Street Address506 E ELM ST
CityURBANA
StateIL
Zip61802-3454
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal DescriptionLOT PT 4 BLOCK 1 THORPES, JAMES ADD, SUB OF BLKS 1 AND 2
Legal Range09E
Legal Township19N
Legal Section17
Legal SubdivisionTHORPES, JAMES ADD, SUB
Legal Block1,2
Legal Lot Number4
JurisdictionCHAMPAIGN IL
Township / Civil DivisionCUNNINGHAM
Census Block Group1
Census Block1009
Census Tract5500

Owner

506 E Elm St is owned by a company that bought it in August 2025.

Source: Champaign County records, as of June 2, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of RecordCompany Name on File
Mailing Address304 NAPLES DR, RANTOUL, IL 61866-3452
Owner TypeCompany
VestingLimited Liability Partnership

Deeds, Mortgages & Sale History

DateDocument
Feb 12, 2021Deed of Trust, Mortgage · Line of Credit
BANKCHAMPAIGN NA
Nov 17, 2020Quit Claim Deed, Transfer
NOT AVAILABLE
Jan 27, 2017Deed of Trust, Mortgage
BANKCHAMPAIGN

Assessor's Deed Record

Deed NamesName on Deed
Last SaleAug 28, 2025 · Amount on File
Deed SaleAug 28, 2025 · Amount on File
Prior SaleJun 30, 2025 · Amount on File
Deed Document Number202513011
Prior Transfer DateMay 13, 2025
Prior Transfer Doc0000013011
Record UpdatedOct 29, 2026

February 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCHAMPAIGN IL
Property Address506 E ELM ST, URBANA, IL 61802-3454
Transaction TypeMortgage
Record UpdatedFeb 25, 2021

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000003255
DateFeb 12, 2021
Instrument2021R03255
Lender
NameBANKCHAMPAIGN NA
TypeBank
AddressCHAMPAIGN, IL 61824
Agreement
TypeLine of Credit
AmountAmount on Record
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

November 2020: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionCHAMPAIGN IL
Recording DateNov 17, 2020
Property Address506 E ELM ST, URBANA, IL 61802-3454
Document Number0000024089
Instrument DateNov 16, 2020
Instrument24089
Transaction TypeTransfer
Record UpdatedJan 12, 2021
Title CompanyNOT AVAILABLE

Transaction

Tax$0.00
Additional
  • Quitclaim
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address411 BLUESTEM SAVOY IL 618748528, SAVOY, IL 61874-8528
InvestorPossibly a Property Investor

January 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCHAMPAIGN IL
Property Address506 E ELM ST, URBANA, IL 61802-3454
Document Number0000002327
Instrument DateJan 27, 2017
Transaction TypeMortgage
Record UpdatedFeb 16, 2017
Title CompanyALLIED CAPITAL TITLE, ALLIED CAP TITLE

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address411 BLUESTEM SAVOY IL 618748528, SAVOY, IL 61874-8528

Mortgage

Document Number0000002327
DateFeb 8, 2017
Instrument2327
Lender
NameBANKCHAMPAIGN
TypeBank
AddressCHAMPAIGN, IL 61824-1490
Agreement
AmountAmount on Record
Term60 Months
DueFeb 7, 2022
Interest
Rate4.75%

Tax Assessment & Valuation

Source: Champaign County assessment roll, as of April 29, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyChampaign County
County SubdivisionCunningham Township
MunicipalityUrbana City
Unified School DistrictUrbana School District 116 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$101,730 Land $24,910 Building $76,820$305,190 Land $74,730 Building $230,460
2024$9,917.00
2022$8,743.00$80,780 Land $19,780 Building $61,000$242,340 Land $59,340 Building $183,000

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 506 E Elm St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective July 14, 2021 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 506 E Elm St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemIL AMERICAN-CHAMPAIGN
private · serves 150,000 people · EPA ID IL0195300
Water SourceGroundwater
Last State InspectionSep 2025
Lead1 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 376 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
i3 Broadband
Fiber
8,000 / 8,000
Xfinity
Cable
2,000 / 250
T-Mobile
Fixed Wireless
100 / 20
AT&T
Fixed Wireless · Fiber, DSL in parts of the area
100 / 20

May also be available: Fidium Fiber, Nextlink, Pavlov Media, Verizon, Volo.net Internet+Tech.

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