506 E Market St, Bloomington, IL 61701 Property Records

McLean County property record for 506 E Market St, Bloomington, IL 61701

Property Summary

Property Type	Single Family Home
Details	3 bd · 1 ba · 738 sqft · built 1920
Lot Size	0.08 acres (3,472 sqft)
Owner	Individual Name on File
Last Sale	$30,000 (Aug 2021)
Tax Bill	$2,224 (2024)
Deeds & Mortgages	Jan 2017 Mortgage Oct 2019 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`21-04-260-010`

Property Details

APN / Parcel Number

Primary APN	`21-04-260-010`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	738 sqft Living Area
Gross Area	938 sqft
1st Floor Area	738 sqft
Basement Area	200 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1920
Effective Year Built	Effective 1920
Exterior Material	Aluminum/Vinyl
Roof Material	Asphalt
Lot Area	3,472 sqft (0.08 acres)
Lot Dimensions	115 ft deep x 29 ft wide
View / Lot	Lake Front
Porch	Open Frame Porch

Utilities, Heating & Cooling

Heating System	Forced Air with A/C
Heating Fuel	Gas

Location & Zoning

Street Address	506 E MARKET ST
City	BLOOMINGTON
State	IL
Zip	61701-4132
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R2
Legal Description	KH FELLS 2ND ADD E1/2 LOT 8 BKL 5
Legal Subdivision	KH FELLS 2ND ADD
Legal Lot Number	8
Jurisdiction	MCLEAN IL
Township / Civil Division	BLOOMINGTON CITY
Census Block Group	1
Census Block	1009
Census Tract	1700

Owner

506 E Market St is owned by an individual who bought it in August 2021.

Source: McLean County records, as of May 7, 2026

Owner of Record	Individual Name on File
Mailing Address	503 N MCLEAN ST, BLOOMINGTON, IL 61701-3117
Owner Type	Individual

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

Date	Document
Jan 4, 2017	Deed of Trust, Mortgage FIRST STATE BANK
Oct 14, 2019	Deed of Trust, Mortgage · Commercial Mortgage FIRST STATE BANK OF BLOOMINGTON
Aug 4, 2021	Warranty Deed, Transfer MCLEAN COUNTY TITLE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 4, 2021 · Amount on File
Deed Sale	Aug 4, 2021 · Amount on File
Prior Sale	Mar 17, 2016 · Amount on File
Deed Document Number	202118611
Record Updated	Jun 8, 2026

January 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	506 E MARKET ST, BLOOMINGTON, IL 61701-4132
Transaction Type	Mortgage
Record Updated	Aug 16, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201700000194
Date	Jan 4, 2017
Instrument	2017-00000194

Lender

Name	FIRST STATE BANK
Type	Bank
Address	BLOOMINGTON, IL 61704

Agreement

Amount	Amount on Record

October 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MCLEAN IL
Property Address	506 E MARKET ST, BLOOMINGTON, IL 61701-4132
Transaction Type	Mortgage
Record Updated	Aug 16, 2021
Title Company	ILLINOIS TITLE GROUP LLC, ILLIOIS TITLE GROUP LLC

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201900016565
Date	Oct 14, 2019
Instrument	2019-00016565

Lender

Name	FIRST STATE BANK OF BLOOMINGTON
Type	Bank
Address	BLOOMINGTON, IL 61704

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	57 Months
Due	Jul 10, 2024

Interest

Rate	5%

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MCLEAN IL
Recording Date	Aug 4, 2021
Property Address	506 E MARKET ST, BLOOMINGTON, IL 61701-4132
Document Number	202100018611
Instrument Date	Jul 23, 2021
Instrument	2021-00018611
Transaction Type	Transfer
Record Updated	Aug 16, 2021
Title Company	MCLEAN COUNTY TITLE

Transaction

Amount	Amount on Record
Tax	$45.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	503 W M LEAN ST, BLOOMINGTON, IL 61701

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Illinois
Municipality	Bloomington City
County	McLean County
County Subdivision	Bloomington City Township
Unified School District	Bloomington School District 87 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$29,518 Land $7,397 Building $22,121	$88,554 Land $22,191 Building $66,363
2024	$2,224.00 (+76.37%)
2023	$1,261.00	$15,088 Land $6,050 Building $9,038	$45,264 Land $18,150 Building $27,114

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 506 E Market St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective June 27, 2019

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 506 E Market St has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire Risk	Not rated no burnable land within ember reach

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 System	BLOOMINGTON serves 79,000 people · EPA ID IL1130200
Water Source	Surface water
Last State Inspection	Aug 2023
Lead	3 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 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 537 locations within half a mile, as of December 31, 2025

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

May also be available: Frontier, Nextlink, Pavlov Media, T-Mobile.

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