Sold293d on marketHistoric · 114 yrs
502 E Locust St
Bloomington, IL, 61701 • 61701 • McLean County
$180,000
3Beds
3Baths
0.48 acLot
1912Built
Property DNA
Traditional Style
Built 1912 · 114 years of history
Franklin Park
61701
This home is getting attention
Listed 293 days ago · 4 views
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
293 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 50% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1912 · Historic
***SELLER WILL CONTRIBUTE $2,000 TOWARDS BUYER'S CLOSING COSTS*** Centrally located 3-unit building. Two bedroom unit just updated with brand new kitchen, fresh paint and flooring as well and is vacant and ready to househack or put your own renter in! Property features a 2 bedroom, a 1 bedroom, and an efficiency apartment. Gas and electricity are separately metered for all units. Per the previous listing, there was a new water main in 2016 and a new roof in 2009. Separate meters for Gas & Electric. Each unit has its own furnace but one water heater for the building which is on a separate meter as well. There is potential to put a washer and dryer in the basement. The owner pays Water & Gas for the Water Heater ONLY. Property is being sold as-is where-is. All information is believed to be accurate but not guaranteed.
Standout features identified
Our analysis highlights fresh paint and brand new kitchen as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,186/month
Principal & Interest$946
Property Tax$180
Insurance$60
Down payment20% ($36,000)
3%50%
Est. 6.88% rate · 30yr fixed · $144,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1912
HeatingNatural Gas, Forced Air
Parking0 spaces
Property
Home typeMulti Family
Sub-typeMulti Family
StyleTraditional
Year built1912
Systems
HeatingNatural Gas, Forced Air
ConstructionVinyl Siding, Other, Combination
Water / SewerPublic / Public Sewer
Parking & Outdoor
BasementUnfinished,Partial
Lot0.48 Acres
Location & Tax
Neighborhood61701
ZoningMULTI
Annual tax$3,506
Parcel2104232017
Bathrooms & Fees
Full baths3
Features & details
2 categories of property features
Interior Features
Heating
Natural Gas
Forced Air
Exterior Features
Construction
Vinyl Siding
Other
Combination
Listing insights
Market data and value estimates
StatusSold
Days on market293
Est. value$182,800
Est. rent$1,208/mo
Tax rate2.08%
On marketDec 6, 2024
PostedDec 6, 2024
Last sold$180,000
MLS statusClosed
MLS updatedJun 21, 2025
Tour days6
Views4
How are the schools in Bloomington?
3 schools rated nearby
Location
Bloomington, IL, 61701
Price history
28 events
DateEventPrice$/sqftSource
Jun 18, 2025Sold$180,000—MRED as distributed by MLS GRID
May 19, 2025Contingent$199,900—MRED as distributed by MLS GRID
May 6, 2025Price Change$199,900—MRED as distributed by MLS GRID
Apr 17, 2025Price Change$210,000—MRED as distributed by MLS GRID
Mar 27, 2025Listing Removed$850—Zillow Rentals
Mar 3, 2025Price Change$850—Zillow Rentals
Jan 30, 2025Listed For Rent$900—Zillow Rentals
Jan 17, 2025Price Change$219,500—MRED as distributed by MLS GRID
Jan 3, 2025Price Change$219,900—MRED as distributed by MLS GRID
Dec 6, 2024Listed For Sale$225,000—MRED as distributed by MLS GRID
Oct 24, 2024Listing Removed$229,900—MRED as distributed by MLS GRID
Oct 18, 2024Price Change$229,900—MRED as distributed by MLS GRID
Oct 15, 2024Price Change$244,900—MRED as distributed by MLS GRID
Oct 9, 2024Listed For Sale$249,900—MRED as distributed by MLS GRID
Jul 10, 2024Listing Removed——MRED as distributed by MLS GRID
Jul 8, 2024Price Change$170,000—MRED as distributed by MLS GRID
Jul 1, 2024Price Change$179,900—MRED as distributed by MLS GRID
Jun 24, 2024Price Change$189,900—MRED as distributed by MLS GRID
Jun 15, 2024Price Change$199,900—MRED as distributed by MLS GRID
Jun 10, 2024Price Change$215,000—MRED as distributed by MLS GRID
May 16, 2024Price Change$225,000—MRED as distributed by MLS GRID
Apr 30, 2024Price Change$230,000—MRED as distributed by MLS GRID
Apr 17, 2024Listed For Sale$240,000—MRED as distributed by MLS GRID
Sep 16, 2021Sold$125,000—MRED as distributed by MLS GRID
Jan 19, 2021Listing Removed$129,000—MRED as distributed by MLS GRID
Oct 10, 2020Price Change$129,000—Crowne Realty
Aug 30, 2020Listed For Sale$135,000—Crowne Realty
Nov 25, 1998Sold$95,000—Agent Provided
Sold$180,000
Jun 18, 2025•MRED as distributed by MLS GRID
Contingent$199,900
May 19, 2025•MRED as distributed by MLS GRID
Price Change$199,900
May 6, 2025•MRED as distributed by MLS GRID
Price Change$210,000
Apr 17, 2025•MRED as distributed by MLS GRID
Listing Removed$850
Mar 27, 2025•Zillow Rentals
Price Change$850
Mar 3, 2025•Zillow Rentals
Listed For Rent$900
Jan 30, 2025•Zillow Rentals
Price Change$219,500
Jan 17, 2025•MRED as distributed by MLS GRID
Price Change$219,900
Jan 3, 2025•MRED as distributed by MLS GRID
Listed For Sale$225,000
Dec 6, 2024•MRED as distributed by MLS GRID
Listing Removed$229,900
Oct 24, 2024•MRED as distributed by MLS GRID
Price Change$229,900
Oct 18, 2024•MRED as distributed by MLS GRID
Price Change$244,900
Oct 15, 2024•MRED as distributed by MLS GRID
Listed For Sale$249,900
Oct 9, 2024•MRED as distributed by MLS GRID
Listing Removed—
Jul 10, 2024•MRED as distributed by MLS GRID
Price Change$170,000
Jul 8, 2024•MRED as distributed by MLS GRID
Price Change$179,900
Jul 1, 2024•MRED as distributed by MLS GRID
Price Change$189,900
Jun 24, 2024•MRED as distributed by MLS GRID
Price Change$199,900
Jun 15, 2024•MRED as distributed by MLS GRID
Price Change$215,000
Jun 10, 2024•MRED as distributed by MLS GRID
Price Change$225,000
May 16, 2024•MRED as distributed by MLS GRID
Price Change$230,000
Apr 30, 2024•MRED as distributed by MLS GRID
Listed For Sale$240,000
Apr 17, 2024•MRED as distributed by MLS GRID
Sold$125,000
Sep 16, 2021•MRED as distributed by MLS GRID
Listing Removed$129,000
Jan 19, 2021•MRED as distributed by MLS GRID
Price Change$129,000
Oct 10, 2020•Crowne Realty
Listed For Sale$135,000
Aug 30, 2020•Crowne Realty
Sold$95,000
Nov 25, 1998•Agent Provided
Tax history
20 years of records
YearTax paidAssessed value
Apr 8, 2024$3,531$49,552
Apr 8, 2023$3,506$47,950
Apr 8, 2022$3,133$42,868
Apr 8, 2021$3,335$39,243
Apr 8, 2020—$39,243
Apr 8, 2019—$39,243
Apr 8, 2018$3,303$39,243
Apr 8, 2017$3,303$39,243
Apr 8, 2016$3,304$39,243
Apr 8, 2015$3,289$39,243
Apr 8, 2014$3,289$39,243
Apr 8, 2013$3,133$39,243
Apr 8, 2012$3,207$39,676
Apr 8, 2011$3,207$41,006
Apr 8, 2010$3,196$41,006
Apr 8, 2009$3,174$41,006
Apr 8, 2008$3,111$40,688
Apr 8, 2007$3,023$39,676
Apr 8, 2006—$37,224
Apr 8, 2005—$36,458
Nearby homes
Neighborhood details
Local context around this listing
Bloomington, IL • McLean County
Nearby cities
BloomingtonChenoaDownsGridleyHeyworthHudsonLe RoyLexington
Nearby zip codes
61701617026170461705617096171061761617726179161799
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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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