502 S Gridley St, Bloomington, IL, 61701
About This Home
Investors, come running! Currently leased through February, this well-maintained property is ready to generate income from day one. The main floor features a private master suite with en-suite bath and double closet, a second bedroom, and a spacious laundry room with extra storage. Two additional bedrooms are located upstairs. The sale includes adjacent parcel 321-04-460-004 (403 E Jackson), adding a large fenced backyard - ideal for tenant appeal and added privacy. Great condition throughout! Can be packaged with 506 N McLean, Bloomington.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished,Full
Bedroom2
- Features: Flooring (Carpet)
- Level: Main
- Area: 130
- Dimensions: 10X13
Bedroom3
- Features: Flooring (Carpet)
- Level: Second
- Area: 165
- Dimensions: 11X15
Bedroom4
- Features: Flooring (Carpet)
- Level: Second
- Area: 108
- Dimensions: 9X12
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Finished area below ground: 0
Foyer
- Features: Flooring (Vinyl)
- Level: Main
- Area: 56
- Dimensions: 7X8
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,482
- Total interior livable area: 1,653 sqft
Kitchen
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 234
- Dimensions: 13X18
Laundry
- Features: Flooring (Vinyl)
- Level: Main
- Area: 48
- Dimensions: 6X8
Living Room
- Features: Flooring (Wood Laminate)
- Level: Main
- Area: 195
- Dimensions: 13X15
Master Bedroom
- Features: Flooring (Carpet),Bathroom (Full)
- Level: Main
- Area: 140
- Dimensions: 14X10
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 2104460001
- Special condition: None
Features
- Stories: 1
Lot
- Lot size: 3,485 sqft
- Features: Corner Lot
- Lot size dimensions: 41X85
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $905 | $10,860 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $314 | $3,768 |
| Electricity | $130 | $1,569 |
| Total | $1,490 | $17,880 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Price change | $179,000 |
| 2026-07-01 | Listed for sale | $189,000 |
| 2026-03-03 | Listing removed | $1,750 |
| 2026-01-26 | Listed for rent | $1,750 |
| 2025-02-27 | Listing removed | $1,695 |
| 2025-02-21 | Listed for rent | $1,695 |
| 2025-01-31 | Sold | $133,000 |
| 2024-12-13 | Pending sale | $138,000 |
| 2024-12-13 | Contingent | $138,000 |
| 2024-11-28 | Listed for sale | $138,000 |
| 2024-04-30 | Sold | $139,900 |
| 2024-04-03 | Pending sale | $139,900 |
| 2024-04-03 | Contingent | $139,900 |
| 2024-04-01 | Listed for sale | $139,900 |
| 2024-03-04 | Pending sale | $139,900 |
| 2024-03-04 | Contingent | $139,900 |
| 2024-02-22 | Listed for sale | $139,900 |
| 2020-01-01 | Listing removed | $89,800 |
| 2019-10-16 | Price change | $89,800 |
| 2019-09-26 | Price change | $92,500 |
| 2019-09-18 | Price change | $94,500 |
| 2019-08-05 | Price change | $87,900 |
| 2019-06-10 | Listed for sale | $89,500 |
| 2012-06-12 | Sold | $594,000 |
| 2012-02-02 | Listed for sale | $88,000 |
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