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2602 Rainbow Ave, Unit 3, Bloomington, IL 61704 Property Records

McLean County property record for 2602 Rainbow Ave, Unit 3, Bloomington, IL 61704

Property Summary

Property TypeCondominium
Details2 bd · 2 ba · 1,252 sqft · built 1992
Lot Size0.146 acres (6,367 sqft)
Owner2 Individual Names on File
Last Sale$124,000 (Aug 2020)
Tax Bill$4,070 (2024)
Deeds & MortgagesAug 2020 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN14-36-127-003

Property Details

APN / Parcel Number

Primary APN14-36-127-003

Interior

Bedrooms2 Beds
Full Baths2 Baths
Total Rooms5 Rooms
Units8 Units
Stories1 Story
Building Area1,252 sqft Living Area
Gross Area1,712 sqft
1st Floor Area1,252 sqft
FlooringCarpet
Interior WallsWallboard/Drywall
Fireplaces1 Fireplace
FireplaceFireplace

Exterior

Year BuiltBuilt 1992
Effective Year BuiltEffective 1992
Architectural StyleCondo/Apartment
Exterior MaterialAluminum/Vinyl
Foundation TypeConcrete
Roof MaterialAsphalt
Lot Area6,367 sqft (0.146 acres)
Lot Dimensions214 ft deep x 660 ft wide
View / LotLake Front
Garage TypeAttached
Garage Area460 sqft
Parking Spaces2 Parking Spaces
Deck Area144 sqft
GreenhouseGreenhouse

Utilities, Heating & Cooling

Heating SystemForced Air with A/C
Heating FuelGas

Location & Zoning

Street Address2602 RAINBOW AVE, 3
CityBLOOMINGTON
StateIL
Zip61704-8575
Property CategoryResidential
Property TypeResidential > Condominium / Townhouse > Condominium
Local Zoning CodeR3A
Legal DescriptionMILL CREEK ESTATES CONDO UNIT 3 BLDG 2602
Legal Range02E
Legal Township24N
Legal Section36
Legal SubdivisionMILL CREEK ESTATES CONDO
JurisdictionMCLEAN IL
Township / Civil DivisionBLOOMINGTON CITY
Census Block Group1
Census Block1002
Census Tract1106

Owner

2602 Rainbow Ave, Unit 3 is owned and occupied by two individuals who bought it in August 2020.

Source: McLean County records, as of April 8, 2026

Owner of Record2 Individual Names on File
Mailing Address2602 RAINBOW AVE, 3, BLOOMINGTON, IL 61704-8575
OccupancyOwner Occupied
Owner TypeIndividual
VestingTenants by the Entirety

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleAug 25, 2020 · Amount on File
Deed SaleAug 25, 2020 · Amount on File
Deed Document Number202016786
Record UpdatedOct 29, 2026

August 2020: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMCLEAN IL
Recording DateAug 25, 2020
Property Address2602 RAINBOW AVE UNIT 3, 3, BLOOMINGTON, IL 61704-8575
Document Number202000016786
Map ReferenceDOC 92-13381
Instrument DateAug 11, 2020
Instrument2020-00016786
Transaction TypeTransfer
Record UpdatedFeb 28, 2022
Title CompanyALLIANCE LAND TITLE

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$186.00
Amount AccuracyRounded by County
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipTenants by the Entirety
Address2602 RAINBOW AVE UNIT 3, 3, BLOOMINGTON, IL 61704-8575

Mortgage

Document Number202000016787
DateAug 25, 2020
Instrument2020-00016787
Lender
NameUS BANK NA
TypeBank
Agreement
TypeConventional Mortgage
AmountAmount on Record
Term361 Months
DueSep 1, 2050
Interest
Rate3.5%

Tax Assessment & Valuation

Source: McLean County assessment roll, as of April 8, 2026

Property Jurisdictions

TypeName
StateIllinois
MunicipalityBloomington City
CountyMcLean County
County SubdivisionBloomington City Township
Unified School DistrictBloomington School District 87 (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$61,559 Land $11,195 Building $50,364$184,677 Land $33,585 Building $151,092
2024$4,070.00 (-1.12%)
2023$4,116.00$54,585 Land $9,927 Building $44,658$163,755 Land $29,781 Building $133,974

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 2602 Rainbow Ave, Unit 3 in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 27, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 2602 Rainbow Ave, Unit 3 is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 96% of the US · lower than 74% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureDirect
burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemBLOOMINGTON
serves 79,000 people · EPA ID IL1130200
Water SourceSurface water
Last State InspectionAug 2023
Lead3 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting2
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 150 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Metronet
Fiber		5,120 / 5,120
Xfinity
Cable		2,000 / 250
Verizon
Fixed Wireless		300 / 20
T-Mobile
Fixed Wireless		100 / 20
AT&T
Fixed Wireless		100 / 20

May also be available: Pavlov Media, Watch TV.

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