Emily Almeida
RE/MAX Rising
(309) 808-6550
64 Total Sales
1 in Innovation District
$125,000 Price
506 E College Ave Normal, IL 61761
Innovation District Neighborhood
4
Beds
1
Bath
1,584
Sq Ft
7,919
Sq Ft Lot
Highlights
- Mature Trees
- Traditional Architecture
- Formal Dining Room
- Property is near park
- Wood Flooring
- Screened Patio
About This Home
As of August 2026Located just minutes from Illinois State University, this recently renovated 4 bedroom home offers a rare combination of flexibility, location, and investment potential. Zoned R-3A for multifamily use, the property presents an excellent opportunity for investors, student housing, house hacking, or owner-occupants looking for future upside. Inside, you'll find fresh paint throughout, beautifully refinished hardwood floors, and spacious living areas filled with light. The functional layout provides plenty of room for roommates, tenants, or a growing household. Outside, ample rear parking adds convenience and is a hard to find feature this close to campus. Whether you're searching for your next investment property or a centrally located home with income potential, this one checks all the boxes!
Last Agent to Sell the Property
RE/MAX Rising License #475193719 Listed on: 05/13/2026
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,082
Year Built
- Built in 1955
Lot Details
- 7,919 Sq Ft Lot
- Lot Dimensions are 60 x 132
- Paved or Partially Paved Lot
- Mature Trees
Home Design
- Traditional Architecture
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,584 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Formal Dining Room
- Crawl Space
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
- Off-Street Parking
- Parking Included in Price
Schools
- Sugar Creek Elementary School
- Kingsley Jr High Middle School
- Normal Community High School
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
Additional Features
- Screened Patio
- Property is near park
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 11, 2025
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,480
Outstanding Balance
$95,436
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$119,879
Purchase Details
Listed on
Feb 15, 2019
Closed on
Apr 16, 2019
Sold by
Bought by
Seller's Agent
Bob Brady
RE/MAX Choice
Buyer's Agent
Casey Kearfott
Keller Williams Revolution
List Price
$124,900
Sold Price
$123,500
Premium/Discount to List
-$1,400
-1.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%
Original Mortgage
$98,800
Interest Rate
5.25%
Purchase Details
Closed on
Mar 19, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.5%
Purchase Details
Closed on
Aug 31, 2015
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Innovation District, IL
-
Emily Almeida
-
Tracy Lockenour
Tracy Lockenour
Responds QuicklyHomeSmart Realty Group Illinois
(309) 886-0903
199 Total Sales
2 in Innovation District
$182K - $225K Price Range
-
Karen Wilson
Karen Wilson
Coldwell Banker Real Estate Group
(309) 485-5516
215 Total Sales
1 in Innovation District
$275,000 Price
-
Greg Zavitz
Greg Zavitz
Responds QuicklyColdwell Banker Real Estate Group
(309) 485-5869
176 Total Sales
1 in Innovation District
$47,000 Price
-
Becky Gerig
Becky Gerig
Responds QuicklyRE/MAX Choice
(309) 503-0970
290 Total Sales
2 in Innovation District
$180K - $192K Price Range
-
Monica Washington
Monica Washington
Responds QuicklyColdwell Banker Real Estate Group
(309) 485-5652
87 Total Sales
2 in Innovation District
$137K - $205K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $121,000 | None Listed On Document | |
| Warranty Deed | $123,500 | Attorney | |
| Warranty Deed | $112,500 | Attorney | |
| Warranty Deed | -- | Attorney |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $96,480 | New Conventional | |
| Previous Owner | $98,800 | No Value Available | |
| Previous Owner | $90,000 | No Value Available | |
| Previous Owner | $138,202 | New Conventional |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2026 08/04/26 | Sold | $200,000 | -4.7% | $126 / Sq Ft | |
| 07/09/2026 07/09/26 | Pending | -- | -- | -- | |
| 07/01/2026 07/01/26 | Price Changed | $209,900 | -4.6% | $133 / Sq Ft | |
| 06/09/2026 06/09/26 | For Sale | $220,000 | 0.0% | $139 / Sq Ft | |
| 05/26/2026 05/26/26 | Pending | -- | -- | -- | |
| 05/13/2026 05/13/26 | Price Changed | $220,000 | 0.0% | $139 / Sq Ft | |
| 05/13/2026 05/13/26 | For Sale | $220,000 | 0.0% | $139 / Sq Ft | |
| 06/21/2025 06/21/25 | Off Market | $2,400 | -- | -- | |
| 05/20/2025 05/20/25 | For Rent | $2,400 | 0.0% | -- | |
| 03/15/2025 03/15/25 | Off Market | $2,400 | -- | -- | |
| 02/10/2025 02/10/25 | For Rent | $2,400 | 0.0% | -- | |
| 04/22/2019 04/22/19 | Sold | $123,500 | -1.1% | $78 / Sq Ft | View Prior Sale |
| 02/25/2019 02/25/19 | Pending | -- | -- | -- | |
| 02/15/2019 02/15/19 | For Sale | $124,900 | -- | $79 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,910 | $52,554 | $12,240 | $40,314 |
| 2024 | $3,499 | $48,153 | $11,215 | $36,938 |
| 2022 | $3,499 | $38,953 | $9,072 | $29,881 |
| 2021 | $3,380 | $36,751 | $8,559 | $28,192 |
| 2020 | $3,232 | $34,970 | $8,144 | $26,826 |
| 2019 | $3,122 | $34,782 | $8,100 | $26,682 |
| 2018 | $2,722 | $30,331 | $8,014 | $22,317 |
| 2017 | $2,105 | $30,331 | $8,014 | $22,317 |
| 2016 | $2,082 | $30,331 | $8,014 | $22,317 |
| 2015 | $2,014 | $29,620 | $7,826 | $21,794 |
| 2014 | $1,989 | $29,620 | $7,826 | $21,794 |
| 2013 | -- | $29,620 | $7,826 | $21,794 |
Source: Public Records
Agents Affiliated with this Home
-
Neal Fridrich
Seller's Agent in 2026
Neal Fridrich
RE/MAX
(815) 953-1610
2 in this area
60 Total Sales
-
Sam Hazleton
Buyer's Agent in 2026
Sam Hazleton
RE/MAX
(309) 530-1463
2 in this area
79 Total Sales
-
B
Seller's Agent in 2019
Bob Brady
RE/MAX
-
Casey Kearfott
Buyer's Agent in 2019
Casey Kearfott
Keller Williams Revolution
(309) 750-3932
1 in this area
78 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12644460
APN: 14-27-169-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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