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$220,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 1,584 Sq. Ft.
  • Updated 1 day ago
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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 boxes!

Full Property Details for 506 E College Ave

General

  • Price: $220,000
  • Taxes: $4,082 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12644460

Rental Information

  • Complex Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Crawl Spac
  • Interior Features: 1st-Floor Bedroom, 1st-Floor Bath
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: School Bus Service

Parking

  • Total Spaces: 4
  • Parking Features: Concrete, Off-Street, Driveway, Yes, Owned

Location

  • Area: Normal
  • County: McLean
  • Township: Normal
  • Subdivision: Not Applicable
  • Driving Directions: West on College from Veterans - across from Anderson Park

School Information

  • School District: 5
  • Elem School District: 5
  • Midd School District: 5
  • High School District: 5
  • Elementary School: Sugar Creek Elementary
  • Middle School: Kingsley Jr High
  • High School: Normal Community High School
  • Private School: Normal Community High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Traditional
  • Architectural Style: Traditional
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Sub-Flooring: Hardwood
  • Square Feet: 1,584
  • Sq. Ft. Source: Assessor
  • Year Built: 1955
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.1818
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 60 x 132
  • Lot Features: Mature Trees

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1955
  • Tax Amount: $4,082.18
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1427169007

Listed by RE/MAX Rising

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— 506 E College Ave —

  • RE/MAX Rising

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Schools serving 506 E College Ave

School District:McLean County Unit School District 5
NameGradesDistance
Sugar Creek Elementary School, Normal, IL
200 North Towanda Avenue, Normal, IL 61761
K-51 mi
Kingsley Jr High School
303 Kingsley Street, Normal, IL 61761
6-81 mi
Normal Community High School
3900 East Raab Road, Normal, IL 61761
9-123.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 506 E College Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,910
—
$52,554
9%
2024
$3,910
6%
$48,153
12%
2023
$3,690
9%
$43,117
17%
2021
$3,380
-3%
$36,751
-6%
2022
$3,499
8%
$38,953
11%
2020
$3,232
4%
$34,970
1%
2019
$3,122
—
$34,782
15%
2019
$3,122
15%
$30,331
—
2018
$2,722
29%
$30,331
—
2017
$2,105
—
$30,331
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Rising

506 E College Avenue, Normal, IL 61761 (MLS# 12644460) is a Single Family property with 4 bedrooms and 1 full bathroom. 506 E College Avenue is currently listed for $220,000 and was received on May 13, 2026. Want to learn more about 506 E College Avenue? Do you have questions about finding other Single Family real estate for sale in Normal? You can browse all Normal real estate or contact a Coldwell Banker agent to request more information.

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