Successful income property with all 4 units in very good condition and currently rented. Convenient near east side Normal location. Property has off street parking, security lighting, coin laundry and landlord storage. Tenants pay all utilities.
Sold for $240,000
$240,000
506 E Locust St, Normal, IL 61761
6beds
3,648sqft
Apartment
Built in 1966
-- sqft lot
$264,700 Zestimate®
$66/sqft
$2,190 Estimated rent
Home value
$264,700
$233,000 - $294,000
$2,190/mo
Zestimate® history
Owner options
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List your homeWhat's special
Security lightingOff street parking
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 3/4 bathrooms: 1
Interior area
- Total interior livable area: 3,648 sqft
Property
Lot
- Size: 9,900 Square Feet
Details
- Parcel number: 1427154008
Construction
Type & style
- Home type: Apartment
Condition
- Year built: 1966
Community & HOA
Location
- Region: Normal
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $241,605
- Annual tax amount: $6,256
Price history
| Date | Event | Price |
|---|---|---|
| 12/13/2024 | Sold | $240,000-17%$66/sqft |
Source: Public Record Report a problem | ||
| 11/8/2024 | Pending sale | $289,000$79/sqft |
Source: Owner Report a problem | ||
| 11/8/2024 | Listed for sale | $289,000+75.2%$79/sqft |
Source: Owner Report a problem | ||
| 7/27/2011 | Sold | $165,000+2.2%$45/sqft |
Source: Public Record Report a problem | ||
| 5/14/2007 | Sold | $161,500$44/sqft |
Source:  MRED as distributed by MLS GRID #10195148 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,256 +4.4% | $80,535 +9.1% |
| 2024 | $5,991 +5.9% | $73,790 +11.7% |
| 2023 | $5,655 +22.4% | $66,073 +28.5% |
| 2022 | $4,620 +3.5% | $51,434 +6% |
| 2021 | $4,463 | $48,527 +1% |
| 2020 | -- | $48,023 +0.5% |
| 2019 | -- | $47,765 +1.1% |
| 2018 | -- | $47,259 |
| 2017 | $4,240 +3.7% | $47,259 |
| 2016 | $4,089 +3.9% | $47,259 +2.4% |
| 2015 | $3,935 | $46,151 |
| 2014 | $3,935 +1.9% | $46,151 |
| 2013 | $3,863 +5.3% | $46,151 -0.8% |
| 2012 | $3,669 | $46,509 |
| 2011 | $3,669 +0.7% | $46,509 |
| 2010 | $3,646 +1.9% | $46,509 |
| 2009 | $3,577 +5.7% | $46,509 +3.5% |
| 2008 | $3,386 +4% | $44,932 +3% |
| 2007 | $3,255 | $43,624 +0.9% |
| 2006 | -- | $43,235 +4% |
| 2005 | -- | $41,580 |
Find assessor info on the county website
Neighborhood: 61761
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Nearby schools
GreatSchools rating
- 6/10Glenn Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10Kingsley Jr High SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Normal Community West High SchoolGrades: 9-12Distance: 2.5 mi
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$264,700
2% more
+$5,294
With Zillow Showcase(estimated)
$269,994
- Illinois
- McLean County
- Normal
- 61761
- 506 E Locust St
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