505 E Olive St, Bloomington, IL 61701
OFF MARKET

505 E Olive St
Bloomington, IL 61701

  • 6 Beds
  • 2 Baths
  • 2,210 sqft

$151,900

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $1,113/mo*
Refinance Your Home

$151,900

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $1,113/mo*
Refinance Your Home
6 Beds
2 Baths
2,210 sqft

Local Information

  • Map ViewExplore the area around 505 E Olive St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Living Area
2,210 sqft
Price/Sqft
$69

About this House

Great opportunity in Dimmit's Grove. Duplex, side by side. Tenants pay all utilities. West side is currently vacant. Rent has been $850. Could live in half and rent out East half. 500 1/2 side is currently rented for $900, rent could probably be increased as it has not been adjusted in a number of years. Unit 500 is fully furnished including a washer and dryer. Each unit is 3 bedrooms, full bath, dining room, living room and kitchen. Property sold "as is" All information believed accurate, but not guaranteed.
505 E Olive St, Bloomington, IL 61701 is a 6 bedroom, 2 bathroom, 2,210 sqft multi-family. It last sold for $130,000 on Mar 24, 2023. It is currently off market. The Trulia Estimate is $151,900, with a rent estimate of $1,536/month.

Home Details for 505 E Olive St

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2.5

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: OtherFoundation Type: Crawl Raised

Property Information

Property Type / Style
Property Type: Multi Family

Community

Units in Building: 2

Lot Information

Lot Area: 7440 sqft

Price History for 505 E Olive St

DatePriceEventSource
03/24/2023$130,000Sold
MRED as distributed by MLS GRID #11709852
02/05/2023$130,000PendingColdwell Banker Real Estate Group #11709852
02/03/2023$130,000ContingentMRED as distributed by MLS GRID #11709852
01/31/2023$130,000Listed For SaleMRED as distributed by MLS GRID #11709852

Market trends in Bloomington

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$263K
$15KMoM
Sale-to-List Price
99.3%
0.4%MoM
Price per sq ft
$123
$7MoM
Available listings
213
20MoM
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Property Tax and Assessment

Year2024
Tax$3,431
Assessment$126,951
Home facts updated by county records

Comparable Sales for 505 E Olive St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
601 S Clayton St, Bloomington, IL
0.23
Multi-Family Home
$255,000
08/11/25
5
5
3,200
706-708 N Roosevelt Ave, Bloomington, IL
0.75
Multi-Family Home
$160,000
08/25/25
4
2
1,670
409 Douglas St, Bloomington, IL
0.41
Multi-Family Home
$155,000
02/09/26
5
3
-
819 E Bell St, Bloomington, IL
0.41
Multi-Family Home
$70,000
03/30/26
4
2
-
802 E Grove St, Bloomington, IL
0.21
Multi-Family Home
$320,000
05/01/26
4
3
-
811 W Washington St, Bloomington, IL
0.80
Multi-Family Home
$205,000
05/06/26
6
5.5
3,900
610 E Mulberry St, Bloomington, IL
0.54
Multi-Family Home
$190,000
04/21/26
4
1
-
211 E Mulberry St, Bloomington, IL
0.50
Multi-Family Home
$199,900
08/14/25
5
3
-
308 Low St, Bloomington, IL
0.67
Multi-Family Home
$200,000
05/13/26
4
2
-
407 E Market St, Bloomington, IL
0.36
Multi-Family Home
$45,000
02/16/26
5
4
-

Nearby homes

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Assigned Schools

These are the assigned schools for 505 E Olive St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Bloomington

At least 521 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 91 % Say it's dog friendly

  • 88 % Say parking is easy

  • 84 % Say there are sidewalks

  • 79 % Say yards are well-kept

  • 77 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 69 % Say people would walk alone at night

  • 68 % Say streets are well-lit

  • 68 % Say it's quiet

  • 57 % Say neighbors are friendly

  • 51 % Say there's wildlife

  • 49 % Say they plan to stay for at least 5 years

  • 36 % Say it's walkable to restaurants

  • 36 % Say it's walkable to grocery stores

  • 34 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "I live by Washington Grade School which is a great school. 3 generations of my fam went there. Family neighborhood with lots of kids and aging neighbors. Not enough diversity but otherwise happy here. Been in my home 20 years. "
    0
    Flag
  • Lauren
    "Sweet corn circus, farmers markets, tailgate and tall boys music festival, and all of the other local events around town. "
    0
    Flag
  • Conwayjm
    " Nice neighborhood to take walks in and not too much traffic. Lots of parks and sidewalks, as well as dog parks make it family and dog friendly. "
    0
    Flag
  • Srinivas.ramasetti
    "By car driving approximately 15 mins oneway Return also same way and same route same amount of journey"
    0
    Flag
  • Srinivas.ramasetti
    "Dog owners around this are very much like it since it has dig friendly neighbour wood with lot of dog owners. They enjoy walking with across street."
    0
    Flag
  • Gonzalesjessie379
    "It’s a safe neighborhood with large trees and beautiful homes. Not only do I live here but I grew up in this neighborhood. Downtown is just a few blocks away with shops night life and parades. "
    5
    Flag
  • Melinda Turner
    "People who walk their dogs clean up behind them and they are very respectful of your yard. I like the keep the on leash never see any wondering around the neighborhood."
    1
    Flag
  • Romi Rudzinski
    "Halloween trick or treating is the highlight, there are not other events that take place on our neighbourhood."
    0
    Flag
  • Tess B.
    "unit 5 is a great school district. lots to do in the ways of trails and parks. heartland community College also offers a lot of fun classes for kids in the summer time. "
    0
    Flag
  • Kellysully248
    "the area has two dogs parks. they are both nice parks. one is maxwell, the other is called Shepard. excelente area for dogs to play and socialize. safe neighborhood for walking your dog. plenty of parks too "
    13
    Flag
  • Emily M.
    "great public transport access, & pretty central to most places in town. grocery & pharmacy & restaurants nearby too! love our neighborhood."
    0
    Flag
  • Matthew
    "Calm neighborhood with a little street traffic off of busier roads. Close to downtown, older buildings, and near Wesleyan. Never had a problem in 5 years "
    1
    Flag
  • Rtwebb1978
    "Quiet and nice area. I have some good neighbors and they are helpful. It’s private and enjoyable to live in this area. "
    1
    Flag
  • Peg F.
    "Dogs are welcome and I have never seen one loose. Some people do not pick up their animals waste, which I think is very rude.. the “Dog Run” is not what is perceived on the pamphlets, it is very small fenced in area..so everyone just lets their dogs go on any grassy area"
    5
    Flag
  • Anyuan
    "A good and quite neighborhood, most of people are friendly, lawn is well-kept, many children playing outside."
    0
    Flag
  • Rakesh.pisces
    "That neighborhood is kids friendly and good school is available. Diverse culture is also an important factor."
    0
    Flag
  • Bauerb6
    "Great community and helpful neighbors. Low crime rate. Many restaurants to choose from. Clean cities"
    0
    Flag
  • Laverne T.
    "They would love this area. Dogs are welcomed here. There are times when you need to keep an eye out for stray dogs "
    4
    Flag
  • Bauerb6
    "Beautiful well kept community. Safe atmosphere and great schools. Good neighborhood with plenty of restaurants "
    0
    Flag
  • Kelli F. .
    "My commute can be long for a smaller city like Bloomington.. 15 to 20 minutes everywhere you go. I like around 5 minutes is long enough. "
    0
    Flag
  • Kelli F. .
    "There’s a lot of places to walk the dogs as well as ponds to play in. Very welcoming neighborhood! Would recommend for people with pets"
    0
    Flag
  • Jennifer B.
    "great place to raise children. neighbors are friendly, clean city and neighborhoods. schools are also great! excellent teachers."
    0
    Flag
  • Denise
    "My commute is fine...takes 15 minuets to get to most places in town. Traffic is fine most of the time "
    2
    Flag
  • Reliant61
    "I am retired, so no commute. You can be anywhere in town in 20 minutes or less. Public transportation is available but I have never used it. Most amenities are close enough to walk to if needed."
    6
    Flag
  • Faye
    "I have lived in this area for 20+ years. It is very family friendly and has a strong flow of young professionals from the universities near by. "
    0
    Flag
  • Tammy H.
    "This is a nice area with a lot of professionals and families. there are things to do and nice homes."
    0
    Flag
  • Faye
    "As a neighborhood resident for 20 years, I can safely say this place is a steady family area perfect for raising a family. "
    0
    Flag
  • MO
    "I am retired so I don’t have a commute. I have 3 grocery stores within walking distance too. I can get anywhere in town in less than 20 minutes "
    5
    Flag
  • Mark O
    "Just a lot of stopping and chatting going on in the neighborhood during walks. The downtown and uptown communities sponsor a lot of entertainment and events to attend."
    0
    Flag
  • Reliant61
    "The commute anywhere is negligible since this is a fairly small community and it has a good transpusystem"
    0
    Flag
  • Bcfishe
    "There are many families with children in the neighborhood plenty of parks schools nearby great location. Seven minutes to work I work in normal"
    0
    Flag
  • Will Buckem
    "it takes a village to do anything now-a-days. Real talk. Our neighborhood is blended and mostly we all lookout for each other."
    0
    Flag
  • Dakota B.
    "Many great places in town. Lots of places to eat. Also, many awesome schools ranging from Pre-K / College Graduate. Taxes are a bit high in some areas, but are mostly alright."
    0
    Flag
  • Rianna S.
    "There is access to a bus system but most places must be traveled via car. There are not many restaurants or shops close by. "
    1
    Flag
  • Jodimacewan
    "It’s quiet safe, easier to park than larger places. Close to trail parking and restaurants. Close to work. "
    0
    Flag
  • Dkkdcarter
    "Lived here for 20 years. Easy, safe living with great schools and minimal crime. Strong economic base."
    0
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

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Homes for sale near 505 E Olive St

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Off Market Homes Near 505 E Olive St

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Frequently asked questions about 505 E Olive St

  • What is 505 E Olive St estimated to be worth?
    Trulia's estimated value for 505 E Olive St in Bloomington, IL is $151,900.
  • What is the price history for 505 E Olive St?
    505 E Olive St in Bloomington, IL last sold for $130,000 in March 2023.
  • Is Bloomington a buyer's or seller's market?
    Bloomington is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Bloomington?
    The median sale price in Bloomington is $263K. That is up $15K from the prior month.