$180,000
SOLD JUN 18, 2025

502 E Locust St Bloomington, IL 61701

3 Beds
3 Baths
-- Sq Ft
1912 Built

Recently Sold

20% Below List Price

164 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 4-minute walk to Franklin Park

About This Home

As of June 2025

***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.

Last Agent to Sell the Property

Marti Ryan

Vesta Real Estate LLC License #471020484 Listed on: 12/06/2024

Last Buyer's Agent

Samantha Miller

Vesta Real Estate LLC License #475206694

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,506

Year Built

  • Built in 1912

Home Design

  • Traditional Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Bent Elementary School
  • Bloomington Jr High Middle School
  • Bloomington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Partial Basement
  • Lot Dimensions are 82 x 255

Community Details

  • 3 Units
  • Franklin Park Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,506

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Franklin Park
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Vinyl Siding, Other, Combination
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Elementary School: Bent Elementary
  • High School: Bloomington High School
  • Middle/Junior School: Bloomington Jr High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 82 X 255
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 23

Tax Info

  • Tax Annual Amount: 3506.16
  • Tax Year: 2023

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2024
Closed on
Jun 16, 2025
Sold by
Saadat Saeed
Bought by
Gaudin Kristopher and White Elizabeth S
Seller's Agent
Marti Ryan
Vesta Real Estate LLC
Buyer's Agent
Samantha Miller
Vesta Real Estate LLC
List Price
$225,000
Sold Price
$180,000
Premium/Discount to List
-$45,000
-20%
Views
166
Current Estimated Value
$190,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,641
Avg. Annual Appreciation
11.01%
Original Mortgage
$135,000
Outstanding Balance
$134,666
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$55,975

Purchase Details

Listed on
Aug 30, 2020
Closed on
Jul 30, 2021
Sold by
Zinn Kevan and Zinn Christine
Bought by
Saadat Saeed
Seller's Agent
Matt Hansen
Coldwell Banker Real Estate Group
Buyer's Agent
Marti Ryan
Vesta Real Estate LLC
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%
Original Mortgage
$122,735
Interest Rate
3.25%
Mortgage Type
New Conventional
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 Alliance Land Title
Warranty Deed $125,000 Alliance Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $135,000 New Conventional
Previous Owner $122,735 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2025 06/18/25 Sold $180,000 -10.0% --
05/19/2025 05/19/25 Pending -- -- --
05/06/2025 05/06/25 Price Changed $199,900 -4.8% --
04/17/2025 04/17/25 Price Changed $210,000 -4.3% --
01/17/2025 01/17/25 Price Changed $219,500 -0.2% --
01/03/2025 01/03/25 Price Changed $219,900 -2.3% --
12/06/2024 12/06/24 For Sale $225,000 +80.0% --
09/16/2021 09/16/21 Sold $125,000 0.0% -- View Prior Sale
07/01/2021 07/01/21 Pending -- -- --
06/01/2021 06/01/21 For Sale -- -- --
05/31/2021 05/31/21 Off Market $125,000 -- --
04/28/2021 04/28/21 Price Changed $125,000 -3.1% --
02/01/2021 02/01/21 For Sale $129,000 +3.2% --
01/31/2021 01/31/21 Off Market $125,000 -- --
10/10/2020 10/10/20 Price Changed $129,000 -4.4% --
08/30/2020 08/30/20 For Sale $135,000 +17.5% --
09/30/2016 09/30/16 Sold $114,900 -4.2% -- View Prior Sale
08/19/2016 08/19/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $119,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,133 $49,552 $10,853 $38,699
2022 $3,133 $42,868 $9,389 $33,479
2021 $3,335 $39,243 $8,595 $30,648
2020 $3,326 $39,243 $8,595 $30,648
2019 $3,316 $39,243 $8,595 $30,648
2018 $3,303 $39,243 $8,595 $30,648
2017 $3,304 $39,243 $8,595 $30,648
2016 $3,298 $39,243 $8,595 $30,648
2015 $3,289 $39,243 $8,595 $30,648
2014 $3,184 $39,243 $8,595 $30,648
2013 -- $39,243 $8,595 $30,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12222430

Midwest Real Estate Data (MRED)

APN: 21-04-232-017