511 E Olive St, Decatur, IL 62526
Property image
Property image
OFF MARKET

511 E Olive St
Decatur, IL 62526

  • 4 Beds
  • 1 Bath
  • 1,546 sqft
4 Beds
1 Bath
1,546 sqft

Local Information

  • Map ViewExplore the area around 511 E Olive St.
  • Schools1 Elementary School1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

INVESTOR ALERT! This package includes 25 properties all located in Decatur. All are currently rented, 9 properties are Section 8 tenants. Properties included are 1408 E Olive, 450 E Olive, 443 E Olive, 527 E Olive, 263 E Olive, 451 E Olive, 545 S 19th St, 1173 E Harrison, 1854 N Maple, 1420 E Division, 1605 N Walnut Grove, 2121 W Waggoner, 1057 W Howard, 1645 N Monroe, 645 W Sawyer, 1565 N Wilson, 1023 S Silas, 1075 S Silas, 913 W View, 1789 N Lowber, 825 E Lincoln, 1201 W King, 1404 E Cantrell, 2002 N College Will be sold as a package only. Current annual net rent roll $165,390.27
511 E Olive St, Decatur, IL 62526 is a 4 bedroom, 1 bathroom, 1,546 sqft single-family home built in 1885. It last sold for $900,000 on Dec 20, 2024 (3% below the $924,000 asking price). It is currently off market. The Trulia Estimate rent is $1,211/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 511 E Olive St

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 6Types of Rooms: Bedroom, Full Bath, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 1Number of Bathrooms (full): 1
Appliances & Utilities
Appliances: Gas Water Heater, None
Heating & Cooling
Heating: GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Gas
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Basement
Parking & Garage
No Garage
Frontage
Road Surface Type: ConcreteNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1546 Square Feet

Days on Market

Cumulative Days on Market: 17

Property Information

Year Built
Year Built: 1885
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Bungalow
Building
Construction Materials: Aluminum Siding
Property Information
Parcel Number: 041211108010

Price & Status

Price
List Price: $924,000
Status Change & Dates
Off Market Date: Thu Sep 26 2024Possession Timing: Closing

Active Status

MLS Status: Closed

Location

Direction & Address
City: DecaturCommunity: Ha Woods Add
School Information
Elementary School District: Decatur Dist 61Jr High / Middle School District: Decatur Dist 61High School District: Decatur Dist 61

Building

Building Area
Building Area: 1546 Square Feet

HOA

Association for this Listing: Central Illinois Board Of REALTORS

Lot Information

Lot Area: 5662.8 sqft

Listing Info

Special Conditions: None

Miscellaneous

BasementMls Number: 6243987Living Area Range Units: Square FeetAbove Grade Unfinished Area: 1546
Last check for updates: about 19 hours ago
Listed by Sandra Yelovich, (217) 855-1196
Brinkoetter REALTORS®
Bought with: Austin Deaton, (217) 620-1843, Brinkoetter REALTORS®
Originating MLS: Central Illinois Board Of REALTORS
Source: CIBR, MLS#6243987

Price History for 511 E Olive St

DatePriceEventSource
12/20/2024$900,000Sold
CIBR #6243987
09/27/2024$924,000PendingCIBR #6243987
09/17/2024$924,000PendingToActiveCIBR #6243987
09/01/2024$924,000PendingCIBR #6243987
08/22/2024$924,000ContingentCIBR #6243987
08/08/2024$924,000Listed For SaleCIBR #6243987
06/02/2024$90,000Sold
CIBR #6230505
04/04/2024$100,000PendingCIBR #6230505
12/12/2023$100,000Listed For SaleCIBR #6230505

Market trends in Decatur

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$85.5K
$6.33KMoM
Sale-to-List Price
98.3%
1.2%MoM
Price per sq ft
$72
$1MoM
Available listings
250
10MoM
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Property Tax and Assessment

Year2024
Tax$706
Assessment$7,297
Home facts updated by county records

Comparable Sales for 511 E Olive St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1715 N Whitchel Ave, Decatur, IL
0.15
Single-Family Home
$30,000
09/26/25
2
1
1,335
522 E Garfield Ave, Decatur, IL
0.22
Single-Family Home
$20,000
03/05/26
2
1
1,048
19 Central Dr, Decatur, IL
0.37
Single-Family Home
$60,000
01/05/26
3
1
1,012
241 W Garfield Ave, Decatur, IL
0.45
Single-Family Home
$25,000
09/16/25
3
1
1,092
1558 N Main St, Decatur, IL
0.28
Single-Family Home
$50,000
11/17/25
5
3
1,395
12 East Dr, Decatur, IL
0.32
Single-Family Home
$115,000
12/02/25
2
2
1,539

Nearby homes

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Assigned Schools

These are the assigned schools for 511 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 Decatur

At least 296 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 86 % Say parking is easy

  • 85 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 68 % Say there's holiday spirit

  • 63 % Say kids play outside

  • 63 % Say there are sidewalks

  • 59 % Say it's quiet

  • 53 % Say neighbors are friendly

  • 53 % Say streets are well-lit

  • 51 % Say people would walk alone at night

  • 50 % Say there's wildlife

  • 44 % Say they plan to stay for at least 5 years

  • 36 % Say it's walkable to grocery stores

  • 32 % Say it's walkable to restaurants

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Dariusslaw89
    "Neighborhood watch is a big deal here and we got neighborhood apps that only the neighbors are on it’s real peaceful and barely any crime "
    1
    Flag
  • corey618
    "It’s a great area to raise your kids! So many kids and the parks are such a great place to go on walks and play tennis and other outdoor activities. "
    0
    Flag
  • Missichelle
    "Quiet little neighborhood close to food and entertainment. We are able to have animals. Great school district "
    0
    Flag
  • Trulia User
    "I dislike living in Decatur. The only good thing about it so far is that it is cheap to live here, but I do not feel safe when I'm out of the house. I constantly have to worry if my car will be stolen or vandalized while I'm not paying attention. I constantly hear gunshots at night, emergency vehicle sirens, noisy train horns, people getting into loud arguments and fistfights, it seems like it never stops. The air in Decatur reeks like cheap dog food if you're lucky, and like a wastewater treatment plant if you're not."
    20
    Flag
  • Scott-jill N.
    "Well maintained neighborhood featuring large homes with lots of kids.area is close to shopping, interstate access. Small town schools"
    18
    Flag
  • Sunshine F.
    "there's a nice park near by, as well as a zoo and the children's museum. however our neighbors are very conservative"
    2
    Flag
  • Sunshine F.
    "dogs on leashes are all around three neighborhood and they are always welcome! The animal lovers are always very friendly!"
    1
    Flag
  • Godlovesme272002
    "ive been here 6 yrs use to like it until i started working an getting out more then i started to see what other people was saying about Decatur Illinois its a small town but alot of hidden Prejudice an basis individuals. but staying to yourself is good."
    39
    Flag
  • Amanda S.
    "Nothing. This neighborhood has been nothing but fights, loud music, loud cars, and rude inconsiderate neighbors"
    23
    Flag
  • Karlee W.
    "No one picks up their dogs poop. Some let their dogs bark any time of the day all day. Some don’t use leashes. "
    8
    Flag
  • Kimberly T.
    "plenty of bus stops around, traffic going to work usually isn’t bad, just have to watch for trains that might hold you up."
    5
    Flag
  • Kimberly T.
    "Plenty of parks around. I would not have any kids outside without supervision too late in some areas."
    6
    Flag
  • Kimberly T.
    "I drive to work, sometimes I’m delayed by trains when I’m going up town. I don’t love passing over the train yard everyday though."
    1
    Flag
  • Stevemiller0822
    "Powers Lane neighborhood is special. Big trees and quiet lanes to walk your dog. Lots of green space to enjoy along with mostly older, well kept homes. Close to downtown and a wide diversity of neighbors."
    15
    Flag
  • Tlwidmer
    "Quiet, friendly, calming. People are considerate & helpful. The views of the golf course are beautiful!"
    0
    Flag
  • Christina G.
    "We live on a nice quiet street. The bad neighborhoods are about 8 or 9 blocks to the west. I love having the dog park so close. "
    0
    Flag
  • Jennifer M.
    "Great access to the outlook adventure park. Fun things for kids. Water park coming soon!!! Quiet neighborhood not a lot of traffic. Close to town, shops and short drives to anything else you need. "
    0
    Flag
  • Alyssa W.
    "Oakwood Street Festival is held four times a summer. It’s a block party with live music and local vendors put on by the businesses on the block. Its fun for everyone, even the kids love it. Later evening it turns into a very popular bar night because you can carry drinks from bar to bar. "
    5
    Flag
  • Jaimie J.
    "My neighborhood has great access to down town, many public transportation options, and the commute is only 5-10 minutes to get to any stores in town! "
    1
    Flag
  • Jaimie J.
    "Everything is within 3 miles of my home, commuting to a grocery store, gas station, clothing store, etc. is very easy and quick to get to. This neighbor is great to live in and people are extremely friendly."
    1
    Flag
  • Jaimie J.
    "Everyone one around us has dogs, so dogs are always welcome in our neighborhood. There is plenty of yard, and most houses in our neighborhood have fenced in yards, for them to run and explore."
    2
    Flag
  • Amberblkbrn90
    "I live right by Nelson park on the lake there are lot of fun things held up there. shake the lake and other things. also there is a mini golf course near by with batting cages and ropes course and soon to be water park. There is a frisbee golf course and dog park."
    2
    Flag
  • Stephanie G.
    "My neighborhood is a good blend of older adult and families. It is close to Walmart, Target, and Kroger. There are buss stops near also."
    1
    Flag
  • Egbert
    "Decatur is a low cost city to bring up a family. Most neighbors are quite safe. We have lived in the same neighborhood for 25+ years. "
    0
    Flag
  • Stephanie G.
    "my neighborhood has older houses that are well-kept and few kids not a whole lot of traffic is near a great School"
    0
    Flag
  • Bethmbrice
    "People are always walking there dogs and seem to be welcome at local restaurants. Local apartments seem to allow them and have dog areas"
    0
    Flag
  • Kwalker2372
    "Dogs are welcome. People walk their dogs all the time. If your dog gets loose, the neighbors help find them."
    0
    Flag
  • Dodieturner
    "I’ve lived in this home for 7 years and it’s beautiful. It is secluded, well maintained and quiet. The neighbors are respectful but friendly and helpful. "
    0
    Flag
  • Randalane95
    "what makes my neighborhood unique is that there is more than one school in walking distance and that there is more then one grocery store in walking distance and my neighbors are friendly "
    4
    Flag
  • Dodieturner
    "I’ve lived in this area for 7 years. It is secluded, quiet, no flooding, large tree canopy. Good neighbors. Winter sometimes streets are not salted. Limited views of lake. Car required. "
    0
    Flag
  • Jjaysull
    "Quite and easy going . Mixed age community dog friendly and has walking trails maintained by the city . Beautiful mature trees and Deer sightings through out the year . "
    0
    Flag

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Homes for sale near 511 E Olive St

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Off Market Homes Near 511 E Olive St

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Copyright Central Illinois Board of REALTORS® (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.