Off Market1110d on market
505 E Olive St
Bloomington, IL, 61701 • 61701 • McLean County
$167,200
6Beds
2Baths
0.17 acLot
Property DNA
Traditional Style
Traditional architecture
Dimmitts Grove
61701
This home is in high demand
Listed 1110 days ago · 5 views · Top 7% likely to sell soon
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
1110 days on market
Established listing
Selling Soon Prediction
Very HighThis home ranks in the top 7% 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
Great opportunity in Dimmit's Grove. Duplex, side by side. Tenants pay all utilities. West side is currently vacant. Rent has been $850. Could live in half and rent out East half. 500 1/2 side is currently rented for $900, rent could probably be increased as it has not been adjusted in a number of years. Unit 500 is fully furnished including a washer and dryer. Each unit is 3 bedrooms, full bath, dining room, living room and kitchen. Property sold "as is" All information believed accurate, but not guaranteed.
Estimated monthly payment
Based on current rates
$1,102/month
Principal & Interest$879
Property Tax$167
Insurance$56
Down payment20% ($33,440)
3%50%
Est. 6.88% rate · 30yr fixed · $133,760 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
HeatingNatural Gas
Parking2 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
StyleTraditional
Systems
HeatingNatural Gas
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway, Off Site, Other
BasementCrawl Space
Lot7,405 sqft
Location & Tax
Neighborhood61701
ZoningOTHER
Annual tax$2,544
Parcel2104457003
Bathrooms & Fees
Full baths2
Features & details
3 categories of property features
Interior Features
Heating
Natural Gas
Exterior Features
Parking
Driveway
Off Site
Other
Construction
Vinyl Siding
Listing insights
Market data and value estimates
StatusOff Market
Days on market1110
Est. value$167,200
Est. rent$1,248/mo
Tax rate2.08%
On marketJan 31, 2023
PostedJan 31, 2023
Last sold$130,000
MLS statusClosed
MLS updatedMar 24, 2023
Tour days6
Views5
How are the schools in Bloomington?
3 schools rated nearby
Location
Bloomington, IL, 61701
Price history
4 events
DateEventPrice$/sqftSource
Mar 24, 2023Sold$130,000—MRED as distributed by MLS GRID
Feb 5, 2023Pending Sale$130,000—Coldwell Banker Real Estate Group
Feb 3, 2023Contingent$130,000—MRED as distributed by MLS GRID
Jan 31, 2023Listed For Sale$130,000—MRED as distributed by MLS GRID
Sold$130,000
Mar 24, 2023•MRED as distributed by MLS GRID
Pending Sale$130,000
Feb 5, 2023•Coldwell Banker Real Estate Group
Contingent$130,000
Feb 3, 2023•MRED as distributed by MLS GRID
Listed For Sale$130,000
Jan 31, 2023•MRED as distributed by MLS GRID
Tax history
20 years of records
YearTax paidAssessed value
Apr 8, 2024$3,431$42,317
Apr 8, 2023$3,423$40,949
Apr 8, 2022$2,780$32,708
Apr 8, 2021$2,545$29,941
Apr 8, 2020—$29,941
Apr 8, 2019—$29,941
Apr 8, 2018$2,520$29,941
Apr 8, 2017$2,520$29,941
Apr 8, 2016$2,521$29,941
Apr 8, 2015$1,275$15,209
Apr 8, 2014$1,275$15,209
Apr 8, 2013$1,214$15,209
Apr 8, 2012$1,212$15,377
Apr 8, 2011$1,212$15,495
Apr 8, 2010$1,208$15,495
Apr 8, 2009$1,200$15,495
Apr 8, 2008$1,176$15,375
Apr 8, 2007$1,142$14,993
Apr 8, 2006—$14,066
Apr 8, 2005—$13,777
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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