Sold615d on marketHistoric · 106 yrs
407 E Olive St
Bloomington, IL, 61701 • 61701 • McLean County
$225,000
4Beds
4Baths
0.15 acLot
1920Built
Property DNA
Traditional Style
Built 1920 · 106 years of history
Not Applicable
61701
This home is getting attention
Listed 615 days ago · 1 views
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
615 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 47% 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 1920 · Historic
Three-unit building located fairly close to downtown Bloomington. Great opportunity to live in one unit and rent out the remaining two units. Units consist of a 3 bedroom/2 bathroom unit, a 1 bedroom unit, and a studio apartment. Paved parking at the rear of the building and all units have a door leading to the parking area. The property is fully occupied. Photos provided were taken before tenants were in place. Tenants pay all utilities. Larger unit has central air. New HVACs and water heaters and new roof all in 2022. Property is being sold as-is where-is. All information is believed to be accurate but not guaranteed. Check out 502 E Locust and 707 W Jefferson as well!
Estimated monthly payment
Based on current rates
$1,482/month
Principal & Interest$1,182
Property Tax$225
Insurance$75
Down payment20% ($45,000)
3%50%
Est. 6.88% rate · 30yr fixed · $180,000 loan
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Key facts and listing details
TypeMulti Family
Year Built1920
HeatingNatural Gas, Electric
Parking4 Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
StyleTraditional
Year built1920
Systems
HeatingNatural Gas, Electric
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOff Alley, On Site
BasementUnfinished,Full
Lot6,325 sqft
Location & Tax
Neighborhood61701
ZoningMULTI
Annual tax$2,201
Parcel2104456004
Bathrooms & Fees
Full baths4
Features & details
3 categories of property features
Interior Features
Heating
Natural Gas
Electric
Exterior Features
Parking
Off Alley
On Site
Construction
Vinyl Siding
Listing insights
Market data and value estimates
StatusSold
Days on market615
Est. value$231,500
Est. rent$1,271/mo
Tax rate2.08%
On marketApr 17, 2024
PostedApr 17, 2024
Last sold$225,000
MLS statusClosed
MLS updatedJul 31, 2024
Tour days6
Views1
How are the schools in Bloomington?
3 schools rated nearby
Location
Bloomington, IL, 61701
Price history
13 events
DateEventPrice$/sqftSource
Jul 31, 2024Sold$225,000—MRED as distributed by MLS GRID
Jul 8, 2024Pending Sale$229,900—MRED as distributed by MLS GRID
Jul 1, 2024Price Change$229,900—MRED as distributed by MLS GRID
Jun 24, 2024Price Change$245,000—MRED as distributed by MLS GRID
Jun 15, 2024Price Change$255,000—MRED as distributed by MLS GRID
May 16, 2024Price Change$270,000—MRED as distributed by MLS GRID
Apr 30, 2024Price Change$275,000—MRED as distributed by MLS GRID
Apr 17, 2024Listed For Sale$285,000—MRED as distributed by MLS GRID
May 20, 2022Sold$43,000—MRED as distributed by MLS GRID
Feb 19, 2022Pending Sale$43,000—Coldwell Banker Real Estate Group
Feb 18, 2022Contingent$43,000—MRED as distributed by MLS GRID
Jan 20, 2022Price Change$43,000—MRED as distributed by MLS GRID
Dec 15, 2021Listed For Sale$53,000—MRED as distributed by MLS GRID
Sold$225,000
Jul 31, 2024•MRED as distributed by MLS GRID
Pending Sale$229,900
Jul 8, 2024•MRED as distributed by MLS GRID
Price Change$229,900
Jul 1, 2024•MRED as distributed by MLS GRID
Price Change$245,000
Jun 24, 2024•MRED as distributed by MLS GRID
Price Change$255,000
Jun 15, 2024•MRED as distributed by MLS GRID
Price Change$270,000
May 16, 2024•MRED as distributed by MLS GRID
Price Change$275,000
Apr 30, 2024•MRED as distributed by MLS GRID
Listed For Sale$285,000
Apr 17, 2024•MRED as distributed by MLS GRID
Sold$43,000
May 20, 2022•MRED as distributed by MLS GRID
Pending Sale$43,000
Feb 19, 2022•Coldwell Banker Real Estate Group
Contingent$43,000
Feb 18, 2022•MRED as distributed by MLS GRID
Price Change$43,000
Jan 20, 2022•MRED as distributed by MLS GRID
Listed For Sale$53,000
Dec 15, 2021•MRED as distributed by MLS GRID
Tax history
20 years of records
YearTax paidAssessed value
Apr 8, 2024$2,428$29,945
Apr 8, 2023$2,422$28,977
Apr 8, 2022$2,202$25,905
Apr 8, 2021$2,015$23,714
Apr 8, 2020—$22,802
Apr 8, 2019—$22,802
Apr 8, 2018$1,919$22,802
Apr 8, 2017$1,919$22,802
Apr 8, 2016$1,920$22,802
Apr 8, 2015$1,911$22,802
Apr 8, 2014$1,911$22,802
Apr 8, 2013$1,785$22,355
Apr 8, 2012$1,936$22,602
Apr 8, 2011$1,936$24,757
Apr 8, 2010$2,960$37,975
Apr 8, 2009$2,940$37,975
Apr 8, 2008$2,625$34,337
Apr 8, 2007$2,551$33,483
Apr 8, 2006—$32,658
Apr 8, 2005—$21,120
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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