505 Elm St
Fairbury, IL 61739
3 bd 2 ba 1,880 sqft Built 1908 Lot 8,000 sqft single_family
Most recent sale
$50,000
Oct 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 1, 2025 | Price changed | $165,000 | MRED |
| Jan 14, 2025 | Listed | $170,000 | MRED |
| Oct 23, 2023 | Sold | $150,000 | MRED |
| Sep 17, 2023 | Price changed | $163,000 | MRED |
| Sep 3, 2023 | Price changed | $170,000 | MRED |
| Aug 16, 2023 | Price changed | $180,000 | MRED |
| Jul 27, 2023 | Listed | $190,000 | MRED |
| Oct 24, 2022 | Sold | $50,000 | Public Record |
| Jul 2, 2022 | Listing removed | $65,000 | MRED |
| May 12, 2022 | Listed | $65,000 | MLS #11402067 |
| Oct 3, 1996 | Sold | $54,000 | Public Record |
| Jan 1, 1996 | Sold | $54,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $45,225 | $5,239 | $50,464 | $4,090 |
| 2023 | $40,891 | $4,737 | $45,628 | $4,304 |
| 2022 | $20,864 | $4,785 | $25,649 | $1,857 |
| 2021 | $19,572 | $4,489 | $24,061 | $1,074 |
| 2020 | $18,819 | $4,316 | $23,135 | $1,085 |
| 2019 | $18,055 | $4,141 | $22,196 | $1,592 |
| 2018 | $19,708 | $4,238 | $23,946 | $1,773 |
| 2017 | $20,131 | $4,329 | $24,460 | $1,800 |
| 2016 | $20,131 | $4,329 | $24,460 | $1,788 |
| 2015 | $19,545 | $4,203 | $23,748 | $1,717 |
| 2014 | $19,757 | $4,203 | $23,960 | $1,801 |
| 2013 | $20,414 | $4,343 | $24,757 | $1,844 |
| 2012 | $20,641 | $4,391 | $25,032 | $1,855 |
| 2011 | $20,741 | $4,412 | $25,153 | $1,642 |
| 2010 | $21,275 | $4,202 | $25,477 | $1,859 |
| 2009 | $21,275 | $4,202 | $25,477 | $1,837 |
| 2008 | $21,275 | $4,202 | $25,477 | $1,878 |
| 2005 | $23,173 | $4,080 | $27,253 | $1,960 |
Property facts
Year built
1908
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,880 sqft
Lot size
8,000 sqft
ZIP code
61739
City
Fairbury
Street
Elm St
Coordinates
40.74461, -88.50624
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$300
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Elm St last sell?
505 Elm St most recently sold on Oct 24, 2022 for $50,000.
What is the current tax assessment for 505 Elm St?
The most recent total assessment for 505 Elm St (year 2024) is $50,464 with $4,090 in property tax.
How does 505 Elm St's assessment compare to its last sale price?
The current assessment is 0.9% above the last sale price of $50,000.
When was 505 Elm St built?
505 Elm St was built in 1908.
How does 505 Elm St compare to others on Elm St?
We track 8 other properties on Elm St. Browse the list under "Other properties on Elm St" to compare beds, baths, and sale history.
What are the property facts for 505 Elm St?
505 Elm St is a 3 bed, 2 bath, 1,880 sqft, 8,000 sqft lot single_family.
Is 505 Elm St a flip candidate?
Yes — 505 Elm St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 Elm St a tax-appeal candidate?
No — 505 Elm St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.4%
Implied 1-yr
+13.6%
2026 Q2
$199.4K
2026 Q3
$204.9K
ZIP 61739 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Elm St