NOT LISTED FOR SALE

602 E Grove St Bloomington, IL 61701

Near East Neighborhood

Estimated Value: $266,000 - $358,309

4 Beds
8 Baths
-- Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: December 21, 2022

Last sale price $300,000

Est. 5% increase in value since last sale

Current estimated payment $2,150 / mo

2 Days on Market

About This Home

As of December 2022

Built in 1908 this well maintained and updated investment property offers 9 units, 4 units with 1 bedroom and a full bath and 4 units are studio/efficiency and the nineth one is currently used for storage. Roof was replaced in 2015, new side walk in 2014, water heater in 2004. Call Listing agent for showings scheduled for Monday Nov. 21 from 9 AM to 1 PM.

Last Agent to Sell the Property

Liliana Taimoorazi

Coldwell Banker Real Estate Group License #475128149 Listed on: 11/18/2022

Coldwell Banker Real Estate Group

Last Buyer's Agent

Cindy Eckols

RE/MAX Choice License #475130274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1910

Lot Details

  • 6,970

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Additional Features

  • 3-Story Property
  • Lot Dimensions are 60x150

Listing and Financial Details

  • Tenant pays for heat

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $6,000
  • Fuel Expense $3,000
  • Insurance Expense $3,451
  • Trash Expense $600
  • Water Sewer Expense $3,900
  • Operating Expense $4,525
  • Gross Income $54,300
  • Net Operating Income $32,949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1910

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: Other-See Remarks
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 4
  • Room: 0

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 3900

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X150
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Heat
  • Board Number: 23

Multi Family

  • Net Operating Income: 32949
  • Fuel Expense: 3000
  • Insurance Expense: 3451
  • ElectricExpense: 6000
  • GrossIncome: 54300
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 4525
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 4400.48
  • Tax Year: 2021

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
Mar 12, 2025
Sold by
Bought by
Current Estimated Value
$316,082

Purchase Details

Listed on
Nov 18, 2022
Closed on
Dec 21, 2022
Sold by
Bought by
Seller's Agent
Liliana Taimoorazi
Coldwell Banker Real Estate Group
Buyer's Agent
Cindy Eckols
RE/MAX Choice
List Price
$330,000
Sold Price
$300,000
Premium/Discount to List
-$30,000
-9.09%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.18%
Original Mortgage
$300,000
Interest Rate
0.059%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Buyer Sale Price Title Company
-- None Listed On Document
$300,000 None Listed On Document
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 Borrower Loan Amount
Closed $382,500
Closed $300,000
Closed $50,000
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
12/21/2022 12/21/22 Sold $300,000 -9.1% --
11/21/2022 11/21/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $330,000 -- --
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 $5,301 $71,205 $8,418 $62,787
2024 $4,807 $65,382 $7,730 $57,652
2022 $4,807 $56,563 $6,687 $49,876
2021 $4,400 $51,779 $6,121 $45,658
2020 $4,220 $49,788 $5,886 $43,902
2019 $4,208 $49,788 $5,886 $43,902
2018 $4,190 $49,788 $5,886 $43,902
2017 $4,192 $49,788 $5,886 $43,902
2016 $4,184 $49,788 $5,886 $43,902
2015 $3,463 $41,322 $5,886 $35,436
2014 $3,353 $41,322 $5,886 $35,436
2013 -- $41,322 $5,886 $35,436
Source: Public Records

Agents Affiliated with this Home

  • Liliana Taimoorazi

    Seller's Agent in 2022

    Liliana Taimoorazi

    Coldwell Banker Real Estate Group

    (309) 826-5559

    5 in this area

    265 Total Sales

    Liliana Taimoorazi
    Section Image
  • Cindy Eckols

    Buyer's Agent in 2022

    Cindy Eckols

    RE/MAX

    (309) 532-1616

    23 in this area

    852 Total Sales

    Cindy Eckols
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11675885

Midwest Real Estate Data (MRED)

APN: 21-04-435-007

Illinois Mclean County Bloomington 61701 Near East

602 E Grove St, Bloomington, IL

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.

Midwest Real Estate Data (MRED) 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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