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  • Listed by: Key Estates Realty and Property Management • Dana M Allen • Contact: 618-444-7222
    Bought with: Key Estates Realty and Property Management
    $23,000

    505 W 2nd South St, Mount Olive, IL 62069

    0beds
    0baths
    960sqft
    Single Family Residence
    Built in 1950
    10,497 Square Feet Lot
    $24,400 Zestimate®
    $24/sqft
    $838 Estimated rent

    Home value

    $24,400

    Estimated sales range

    Not available

    $838/mo

    Zestimate® history
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    What's special

    Cottage-like charmLarge yardButcher block topsSmall garageOld-school sturdy cabinetsReplacement windowsNewer roof
    Explore this charming 2-bedroom, 1.5-bath home with a newer roof, some replacement windows, and a large yard. Conveniently located near I-55 for easy highway access, this property offers a mix of small-town living and accessibility. The home, featuring hardwood floors throughout, has the potential to be refinished to its former beauty, adding character to the space. The kitchen boasts old-school sturdy cabinets with a cottage-like charm, perfect for enhancing with butcher block tops. Additionally, the property includes a small garage outside that needs a new roof but is structurally sound. With alley access and a basement half bath, this home provides added convenience and potential for various uses. Utilities are on and functional, and the sewer has been replaced. Perfect for a flip, this property presents an excellent opportunity to transform into a profitable investment or a cozy and inviting living space that combines character with modern updates.

    Zillow last checked:

    Listing updated:

    Listed by:

    Dana M Allen 618-444-7222,

    Key Estates Realty and Property Management

    Bought with:

    Dana M Allen, 471001911

    Key Estates Realty and Property Management

    Source: MARIS,MLS#: 25031186MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 0
    Bedroom
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 121
    • Dimensions: 11 x 11
    Bedroom
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 154
    • Dimensions: 11 x 14
    Bathroom
    • Features: Floor Covering: Vinyl
    • Level: Main
    • Area: 64
    • Dimensions: 8 x 8
    Dining room
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 165
    • Dimensions: 15 x 11
    Kitchen
    • Features: Floor Covering: Vinyl
    • Level: Main
    • Area: 128
    • Dimensions: 8 x 16
    Living room
    • Features: Floor Covering: Wood
    • Level: Main
    • Area: 165
    • Dimensions: 15 x 11
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Features
    • Basement: Block,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 960
    • Total interior livable area: 960 sqft
    • Finished area above ground: 960

    Property

    Features
    • Levels: One and One Half
    Lot
    • Size: 10,497 Square Feet
    • Dimensions: 100 x 140
    • Features: Back Yard, Few Trees, Level
    Details
    • Parcel number: 0200111500
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Architectural Shingle
    Condition
    • Fixer
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Electric: Ameren
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: G G Arkebauers 3rd Add
    HOA
    • Has HOA: No
    • Services included: Other
    Location
    • Region: Mount Olive

    Financial & listing details

    • Price per square foot: $24/sqft
    • Tax assessed value: $61,548
    • Annual tax amount: $1,550
    • Date on market: 5/13/2025
    • Cumulative days on market: 16 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/28/2025Sold$23,000-8%$24/sqft
    Source: MARIS #25031186 Report a problem
    5/16/2025Pending sale$25,000$26/sqft
    Source: MARIS #25031186 Report a problem
    5/13/2025Listed for sale$25,000$26/sqft
    Source: MARIS #25031186 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,627 +4.9%$20,516 +8%
    2023$1,550 +4.3%$18,996 +7%
    2022$1,487 +2.7%$17,753 +7%
    2021$1,448 +2.4%$16,592 +6%
    2020$1,415 +0.5%$15,653
    2019$1,407 $15,653 +3%
    2018$1,407 +2.1%$15,197 +5.3%
    2017$1,378 +75.1%$14,432
    2016$787 +0.2%$14,432
    2015$786 $14,432
    2014$786 -4.7%$14,432 -7.8%
    2013$824 +0.8%$15,661 -1%
    2012$818 +6.4%$15,820
    2011$769 -7.4%$15,820
    2010$830 $15,820
    2009-- $15,820
    Find assessor info on the county website

    Neighborhood: 62069

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Mount Olive Dist 5
    • Middle: Mount Olive Dist 5
    • High: Mt Olive Community High School

    Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.