506 Main St
Tolono, IL 61880
5 bd 3 ba 2,777 sqft Built 1978 Lot 25,700 sqft single_family
Most recent sale
$261,650
Dec 3, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 3, 2021 | Sold | $261,650 | MLS #11240778 |
| Sep 23, 2013 | Sold | $195,000 | Public Record |
| Jun 24, 2013 | Listing removed | $220,000 | ChampaignArea |
| Jun 1, 2013 | Price changed | $220,000 | MLS #2133466 |
| Apr 11, 2013 | Listed | $225,000 | MLS #2133466 |
| Sep 27, 1995 | Sold | $84,666 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $85,260 | $9,070 | $94,330 | $5,092 |
| 2023 | $78,870 | $8,390 | $87,260 | $4,793 |
| 2022 | $68,060 | $7,240 | $75,300 | $4,527 |
| 2021 | $64,570 | $6,870 | $71,440 | $4,307 |
| 2020 | $63,120 | $6,720 | $69,840 | $4,253 |
| 2019 | $62,250 | $6,630 | $68,880 | $4,539 |
| 2018 | $62,250 | $6,630 | $68,880 | $4,487 |
| 2017 | $59,570 | $6,340 | $65,910 | $4,503 |
| 2016 | $56,950 | $6,060 | $63,010 | $4,366 |
| 2015 | $54,920 | $5,840 | $60,760 | $4,289 |
| 2014 | $55,810 | $5,930 | $61,740 | $4,360 |
| 2013 | $55,810 | $5,930 | $61,740 | $4,265 |
| 2012 | $55,810 | $5,930 | $61,740 | $4,213 |
| 2011 | $57,240 | $6,080 | $63,320 | $4,158 |
| 2010 | $57,240 | $6,080 | $63,320 | $4,084 |
| 2009 | $57,240 | $6,080 | $63,320 | $4,184 |
| 2008 | $71,110 | $6,010 | $77,120 | $5,286 |
| 2006 | $65,490 | $5,530 | $71,020 | $5,037 |
| 2005 | $62,430 | $5,270 | $67,700 | $4,936 |
Property facts
Year built
1978
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
2,777 sqft
Lot size
25,700 sqft
ZIP code
61880
City
Tolono
Street
Main St
Coordinates
39.98703, -88.25291
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
$1,570
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Main St last sell?
506 Main St most recently sold on Dec 3, 2021 for $261,650.
What is the current tax assessment for 506 Main St?
The most recent total assessment for 506 Main St (year 2024) is $94,330 with $5,092 in property tax.
How does 506 Main St's assessment compare to its last sale price?
The current assessment is 63.9% below the last sale price of $261,650.
When was 506 Main St built?
506 Main St was built in 1978.
How does 506 Main St compare to others on Main St?
We track 8 other properties on Main St. Browse the list under "Other properties on Main St" to compare beds, baths, and sale history.
What are the property facts for 506 Main St?
506 Main St is a 5 bed, 3 bath, 2,777 sqft, 25,700 sqft lot single_family.
Is 506 Main St a flip candidate?
No — 506 Main St does not appear in our flips dataset.
Is 506 Main St a tax-appeal candidate?
No — 506 Main 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
+3.3%
Implied 1-yr
+13.2%
2026 Q1
$307.6K
2026 Q2
$316K
ZIP 61880 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Main St