McLean County property record for 501 E Olive St, Bloomington, IL 61701 · Last verified April 2026
| Property Type | Residential > Single Family > Home |
|---|---|
| Bedrooms | 3 Beds |
| Bathrooms | 2 Baths |
| Year Built | Built 1920 |
| Square Footage | 2,036 sqft Living Area |
| Lot Size | 6,754 sqft (0.155 acres) |
| Garage | Detached, 704 sqft |
| Occupancy | Owner Occupied |
| Tax Bill | $3,856.00 (2024) |
| Primary APN | 21-04-457-001 |
|---|
| Bedrooms | 3 Beds |
|---|---|
| Full Baths | 2 Baths |
| Total Rooms | 7 Rooms |
| Building Area | 2,036 sqft Living Area |
| Gross Area | 2,618 sqft Gross Area |
| 1st Floor | 1,203 sqft 1st Floor |
| Basement Area | 370 sqft Basement |
| Stories | 2 Stories |
| Primary Flooring | Carpet Flooring |
| Interior Structure | Plaster Interior Structure |
| Fireplace | Fireplace |
| Fireplaces | 1 Fireplaces |
| Year Built | Built 1920 |
|---|---|
| Effective Year Built | Effective 1920 |
| Exterior Material | Wood Siding Exterior |
| Roof Material | Asphalt Roof |
| Lot Area | 6,754 sqft (0.155 acres) |
| Depth X Width | 120 ft x 56 ft Depth x Width |
| Parking Spaces | 2 Parking Spaces |
| Garage Type | Detached Garage |
| Garage Area | 704 sqft Garage |
| Greenhouse | Greenhouse |
| Heating System | Forced Air with Air Conditioning Heating |
|---|---|
| Heating Fuel | Gas Heating Fuel |
| Street Address | 501 E OLIVE ST |
|---|---|
| City | BLOOMINGTON |
| State | IL |
| Zip | 61701-5340 |
| Property Usage | Residential Property Usage |
| Type | Residential > Single Family > Home |
| Legal Description | EVANS 3RD ADD W56 N1/2 LOT B |
| Legal Range | 02E |
| Legal Township | 23N |
| Legal Section | 04 |
| Legal Subdivision | EVANS 3RD ADD |
| Legal Lot Number | B |
| Jurisdiction | MCLEAN IL |
| Minor Civil Division | BLOOMINGTON CITY |
| Census Blockgroup | 3 |
| Census Block | 3007 |
| Census Tract | 1700 |
Source: McLean County records · APN 21-04-457-001
Assessment roll updated April 8, 2026 · Last verified April 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 501 E OLIVE ST, BLOOMINGTON, IL 61701-5340 |
| Occupancy | Owner Occupied |
| Owner Type | Owner is an Individual, Couple or Unincorporated Entity |
| Date | Document |
|---|---|
| Sep 21, 2021 | Deed of Trust, Mortgage · Conventional Mortgage BUSEY BANK |
| Oct 10, 2020 | Deed of Trust, Mortgage · Line of Credit BUSEY BANK |
| Deed Names | Verified Name on Deed |
|---|---|
| Record Refreshed | Jun 08, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MCLEAN IL |
| Property Address | 501 E OLIVE ST, BLOOMINGTON, IL 61701-5340 |
| Transaction Type | Mortgage |
| Record Updated | Sep 29, 2021 |
| Title Company | MCLEAN COUNTY TITLE |
| Name | Verified Name |
|---|
| Document Number | 202100022665 |
|---|---|
| Date | Sep 21, 2021 |
| Instrument | 2021-00022665 |
| Name | BUSEY BANK |
|---|---|
| Type | Bank |
| Address | CHAMPAIGN, IL 61820 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | Oct 01, 2036 |
| Rate Type | Fixed Rate |
|---|---|
| Rate | 2.25% |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | MCLEAN IL |
| Property Address | 501 E OLIVE ST, BLOOMINGTON, IL 61701-5340 |
| Transaction Type | Mortgage |
| Record Updated | Feb 05, 2021 |
| Name | Verified Name |
|---|
| Document Number | 202000021316 |
|---|---|
| Date | Oct 10, 2020 |
| Instrument | 2020-00021316 |
| Name | BUSEY BANK |
|---|---|
| Type | Bank |
| Address | SAINT LOUIS, MO 63141 |
| Type | Line of Credit |
|---|---|
| Amount | Amount Recorded |
| Term | 239 Months |
| Due | Sep 01, 2040 |
| Rate Type | Adjustable Rate |
|---|---|
| Change Frequency | Monthly (Revolving credit lines are monthly unless stated otherwise). |
Source: McLean County records · Assessment roll updated April 8, 2026 · Last verified April 2026
| Type | Name |
|---|---|
| State | Illinois |
| Municipality | Bloomington City |
| County | McLean County |
| County Subdivision | Bloomington City Township |
| Unified School District | Bloomington School District 87 (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $57,622 (+22.28%) Land $10,122 Building $47,500 | $172,866 (+22.28%) Land $30,366 Building $142,500 | |
| 2024 | $3,856.00 (+12.19%) | ||
| 2023 | $3,437.00 | $47,124 Land $8,278 Building $38,846 | $141,372 Land $24,834 Building $116,538 |
501 E Olive St is in FEMA Zone X, outside the Special Flood Hazard Area, with no wildfire exposure.
Source: FEMA National Flood Hazard Layer · McLean County (17113C), updated June 27, 2019
| FEMA Flood Zone | Zone X minimal flood hazard · outside the 0.2% annual chance floodplain |
|---|---|
| Special Flood Hazard Area | No |
Source: USDA Forest Service Wildfire Risk to Communities · 2nd edition (2024), fuels as of 2020
| Wildfire Risk to Homes | Not rated no burnable land in reach |
|---|---|
| Wildfire Likelihood | Negligible |
| Exposure | None beyond ember reach of burnable land |
Values are read at the parcel center point; lenders make the official flood determination.
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