506 E Olive St, Bloomington, IL 61701
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Property image
OFF MARKET

506 E Olive St
Bloomington, IL 61701

  • 2 Beds
  • 1 Bath
  • 920 sqft

$215,900

Trulia Estimate
as of Aug 14, 2026

$215,900

Trulia Estimate
as of Aug 14, 2026
2 Beds
1 Bath
920 sqft

Home Value

Trulia Estimate
$216K
Since last month
Decreased$13K (-5.6%)
Since last year
Decreased$24K (-10%)
Since last sale
Increased$72K (+50.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +86% in the last 10 years
MonthEstimated value
2026
August 2026$215K
July 2026$235K
June 2026$228K
May 2026$226K
April 2026$216K
March 2026$205K
February 2026$205K
January 2026$211K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1103 E Olive St, Bloomington, IL
0.54
Apartment
$232,000
01/16/26
2
1
1,200
604 1/2 Douglas St, Bloomington, IL
0.41
Apartment
$150,000
01/13/26
1
1
2,432
106 E Kelsey St, Bloomington, IL
1.21
Apartment
$105,000
12/22/25
2
1
800
1112 S Fell Ave, Normal, IL
1.50
Apartment
$215,000
04/30/26
2
1
800
203 S Regency Dr, Bloomington, IL
1.59
Apartment
$640,000
01/13/26
2
2
1,200
2001 S Morris Ave, Bloomington, IL
1.77
Apartment
$3,256,000
02/13/26
2
2
15,810
8 Rounds Rd, Bloomington, IL
3.33
Apartment
$230,000
07/31/26
3
2
1,536
503 E Locust St, Normal, IL
2.51
Apartment
$200,000
02/12/26
4
3,600
Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
206 S McLean St, Bloomington, IL 61701
0.02
$216,400
4
1
4,320
Off Market
512 E Olive St, Bloomington, IL 61701
0.02
$208,100
4
1.5
2,412
Off Market
501 E Grove St, Bloomington, IL 61701
0.03
$255,800
7
6
-
Off Market
307 S McLean St, Bloomington, IL 61701
0.08
$270,000
5
3
-
Recently Sold
421 E Grove St, Bloomington, IL 61701
0.05
$684,500
3
2.5
5,235
Off Market
407 E Olive St, Bloomington, IL 61701
0.08
$224,500
4
4
-
Off Market
601 E Olive St, Bloomington, IL 61701
0.06
$122,500
3
1
1,300
Off Market
405 E Olive St, Bloomington, IL 61701
0.09
$302,300
8
3
-
Off Market
401 S McLean St, Bloomington, IL 61701
0.10
$245,000
3
2
2,372
Recently Sold
601 E Grove St, Bloomington, IL 61701
0.06
$242,500
5
2
4,640
Recently Sold
603 E Grove St, Bloomington, IL 61701
0.07
$282,500
4
2
3,708
Off Market
510 E Grove St, Bloomington, IL 61701
0.06
$270,000
3
2.5
2,654
Recently Sold

Local Information

  • Map ViewExplore the area around 506 E Olive St.
-- mins to
Commute Destination

Home Highlights

Property Type
Apartment
Living Area
920 sqft
Price/Sqft
$235

About this House

Main level apartment, walking distance to Downtown Bloomington. Coin laundry on-site; wireless internet and water/garbage included. Please note second bedroom has closet off of living room. Some pets allowed with Owner pre-approval.

Owner pays water, garbage, and wireless internet. Tenant pays gas, electric. 12-month lease with $975 deposit required at lease signing. One-time non-refundable pet fee of $250.00, pets MUST have prior approval from Owner. No smoking. Limited off-street parking.
506 E Olive St, Bloomington, IL 61701 is a 2 bedroom, 1 bathroom, 920 sqft apartment. It last sold for $142,500 on Dec 31, 2019 (14,515% above the $975 asking price). More recently, it was listed as a rental in January 2025 with an asking price of $975 per month. That rental listing was removed on February 3, 2025. It is currently off market. The Trulia Estimate is $215,900, with a rent estimate of $1,021/month.

Home Details for 506 E Olive St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
MicrowaveRefrigerator

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Price and Tax history

DateEventPrice
Feb 3, 2025
Source: Zillow Rentals
ListingRemoved
$975
Jan 30, 2025
Source: Zillow Rentals
Listed For Rent
$975
Dec 31, 2019
Source: MRED as distributed by MLS GRID #10546831
Sold
$142,500
Oct 15, 2019
Source: Agent Provided
Pending
$150,000
Sep 19, 2019
Source: N/A
PriceChange
$150,000
Price increased by 7%

Market trends in Bloomington

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$260K
$3.42KMoM
Sale-to-List Price
99.8%
0.5%MoM
Price per sq ft
$123
$0MoM
Available listings
201
12MoM
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Around this home

What Locals Say about Bloomington

At least 522 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

92 pet-friendly rentals in Bloomington, IL

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Homes for sale near 506 E Olive St

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Off Market Homes Near 506 E Olive St

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Frequently asked questions about 506 E Olive St

  • What is 506 E Olive St estimated to be worth?
    Trulia's estimated value for 506 E Olive St in Bloomington, IL is $215,900.
  • What is the price history for 506 E Olive St?
    506 E Olive St in Bloomington, IL last sold for $142,500 in December 2019.
  • 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 $260K. That is down $3.42K from the prior month.
  • Does 506 E Olive St have air conditioning?
    Yes, 506 E Olive St in Bloomington, IL has air conditioning.