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Listing provided courtesy of RE/MAX RisingMREDas Distributed by MLSGrid- MLS# 12644460MLS Provider

506 E College AvenueNormal, IL 61761

Single Family · 4 Beds · 1 Full Bath · 1,584 Sq. ft. | 0.18 Acres
$220,000 Active

506 E College Avenue Overview

Time on Site:
48 days
Visits:
0

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!

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506 E College Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 1,584
  • Price/Sq.ft. $139
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association Fee: $0.00
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

  • School District: 5
  • Elementary School: Sugar Creek Elementary
  • Middle Or Junior School: Kingsley Jr High
  • High School: Normal Community High School

Building Information

  • New Construction: No
  • Year Built: 1955

Location/Region

  • County Or Parish: McLean
  • MLS Area Major: Normal
  • Subdivision Name: Not Applicable
  • Township: Normal

Community/Development

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

Tax Information

  • Tax Annual Amount: $4,082.18
  • Tax Year: 2025

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 1427169007
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 1584
  • Disability Access: No
  • Total SqFt.: 1584

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 4
  • Bedrooms Possible: 4

General Information

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Crawl Space
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Flooring: Hardwood
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air
  • Interior Features: 1st Floor Bedroom, 1st Floor Full Bath
  • Laundry Features: Main Level,In Unit
  • Living Area: 1584
  • Living Area Source: Assessor
  • Rooms Total: 7

Exterior

Parking Information

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

Lot Information

  • Additional Parcels: No
  • Lot Features: Mature Trees
  • Lot Size Acres: 0.1818
  • Lot Size Dimensions: 60 X 132
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Room Information

Room: Bedroom 2

  • Level: Main
  • Dimensions: 12X10

Room: Bedroom 3

  • Level: Main
  • Dimensions: 12X11

Room: Bedroom 4

  • Level: Main
  • Dimensions: 11X22

Room: Dining Room

  • Level: Main
  • Dimensions: 7X11

Room: Kitchen

  • Level: Main
  • Dimensions: 14X10

Room: Laundry

  • Level: Main
  • Dimensions: 12X10

Room: Living Room

  • Level: Main
  • Dimensions: 19X13

Room: Master Bedroom

  • Level: Main
  • Dimensions: 13X11

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Family Room

  • Level: N/A

506 E College Avenue Neighborhood

Community

61761 (Normal) Demographics

25
Median Age
1,297
Population Density (per sq. mile)
60%
College Educated
$58,344
Estimated Median Income
11,249
Estimated Total Home Owners
8,470
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

506 E College Avenue Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

506 E College Avenue Market Data

Based on the last 30 days in this zip code

$325,284
Average List Price
$133
Average Price per Square Foot
61
Properties Sold
41
Average Days on Market
114
Properties for Sale
Calculations provided by Reliance Network

506 E College Avenue History

Date Event Value Agent
6/14/2026Source: MRED Status Change
Active
6/9/2026Source: MRED Status Change
Re-activated
5/27/2026Source: MRED Status Change
Contingent
5/18/2026Source: MRED Status Change
Active
5/13/2026Source: MRED Added to Database
May 13, 2026