Under Contract

506 E College Avenue

Normal, IL 61761

$220,000 $927/Mo

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Overview

Bed

Bath

1,584

Sqft

0.18

Acre(Lot)

Description

Located 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 bo xes!

Property Details

Property Type : Residential

Price : $220,000

AD Id : 78472439

MLS Id : MRD12644460

Beds : 4

Lot Size : 0.18 Acre

Living Area Size : 1,584

Year Built : 1955

County : McLean

Subdivision: Not Applicable

Map

Features

Bedroom Information

Total Bedroom: 4 Room Types: No additional rooms

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 7

Interior Features

1st Floor Bedroom, 1st Floor Full Bath Roof: Asphalt Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer Laundry Features: Main Level, In Unit

Roofing Information

Asphalt
Flooring Information

Flooring: Hardwood Construction Materials: Vinyl Siding
Heating & Cooling

Heating: Forced Air Cooling: Central Air WaterSource: Public

Building Information

Year Built: 1955

Lot Information

Lot Dimensions: 60 X 132 Lot Description: Mature Trees Lot Acres: 0.1818 Lot Size: Less Than .25 Acre

Property Information

Property Type: Residential Style: Traditional Sub Type: Detached Single Type Detached: 1 Story

Listing Price Information

Original List Price:$220000

Tax Information

Annual Tax: $4082.18 Tax Year: 2025 Parcel Number: 1427169007

Parking Information

Total Parking: 4 Concrete, Off Street, Driveway, Yes, Owned Is Parking Included in Price: Yes

Homeowners Association Information

Included Fees: None

School Information

Elementary School: Sugar Creek Elementary Junior High School: Kingsley Jr High Senior High School: Normal Community High School
Utility Information

Sewer: Public Sewer Water Source: Public
Location Information

Subdivision: Not Applicable City: Normal Direction: West on College from Veterans - across from Anderson Park

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1411 Dillon Drive, Normal, IL, 61761	$219,900	4	1	1,369	1,369 SqFt
608 N Fell Avenue, Normal, IL, 61761	$175,000	2	1	1,610	1,610 SqFt
1106 Sterling Glen Cc C.., Normal, IL, 61761	$425,000	4	4	3,348	3,348 SqFt
107 N Blair Drive #3, Normal, IL, 61761	$265,000	2	2	1,216	1,216 SqFt
923 E Shelbourne Drive .., Normal, IL, 61761	$209,900	3	3	1,832	1,832 SqFt
1531 Duncannon Drive, Normal, IL, 61761	$419,900	4	4	2,829	2,829 SqFt
18 Mccormick Boulevard, Normal, IL, 61761	$199,000	2	2	1,005	1,005 SqFt
1717 Cook Drive, Normal, IL, 61761	$314,900	5	3	2,958	2,958 SqFt
405 S Grove Street, Normal, IL, 61761	$324,000	4	2	2,332	2,332 SqFt
104 S Parkside Road, Normal, IL, 61761	$279,900	4	2	2,014	2,014 SqFt

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ByOwner last updated this listing 06/03/2026 @ 18:20

MLS: MRED #12644460 LISTED BY: Neal Fridrich, RE/MAX Rising 309-340-1000 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)