Google street view image for 505 S Main St, Waterloo, IL 62298

Off market

$257,929

•

4 ba

•

1,638

sq ft

505 S Main St, Waterloo, IL 62298

About this home

505 S Main St is a 1,638 square foot house on a 0.27 acre lot with 4 bedrooms and 4 bathrooms. Based on Redfin's Waterloo data, we estimate the home's value is $257,929.

Single-familyProperty Type

1971Year Built

0.27 acresLot Size

$157Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$257,929

$6,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3.9% lower than the average sale price ($268K) of 6 comparable homes.

SOLD JUN 1, 2026
$229,900
A
3 beds2 baths1,318 sq ft
627 Mark Dr, Waterloo, IL 62298
SOLD JUL 29, 2026
$295,000
B
3 beds2 baths1,664 sq ft
122 Westview Pl, Waterloo, IL 62298
SOLD AUG 7, 2026
$345,000
C
4 beds3.5 baths2,803 sq ft
711 Morrison Ave, Waterloo, IL 62298
SOLD SEP 1, 2026
$225,000
D
3 beds2 baths1,413 sq ft
306 S Market St, Waterloo, IL 62298
SOLD MAY 7, 2026
$229,900
E
3 beds2 baths1,829 sq ft
705 Leo St, Waterloo, IL 62298
SOLD NOV 7, 2025
$285,000
F
4 beds3 baths1,832 sq ft
511 Mary Dr, Waterloo, IL 62298

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Earn from this home

Sell

$241,039

Est. take-home

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Rent

$1,531/mo

Redfin rental estimate

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Market trends in 62298, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.0%

+0.2% MoM

Median sale price

$337K

$5K MoM

Avg. days on market

46d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 4 HRS AGO
$369,900
4 beds2 baths2,272 sq ft
1024 W Fallen Lake Dr, Waterloo, IL 62298
NEW 22 HRS AGO
$10,000
2 beds2 baths1,200 sq ft
5245 Timber Lake Dr, Waterloo, IL 62298
NEW 30 HRS AGO
$399,900
4 beds4 baths2,203 sq ft
720-722 Brittany Ct, Waterloo, IL 62298
OPEN SAT, 12PM TO 2PM
$320,000
3 beds2.5 baths2,598 sq ft
118 Osterhage Dr, Waterloo, IL 62298
COMING SOON
$215,000
3 beds1 bath1,797 sq ft
458 N Library St, Waterloo, IL 62298
OPEN SAT, 12PM TO 2PM
$339,900
3 beds2 baths1,500 sq ft
711 Ward, Waterloo, IL 62298
OPEN SUN, 12PM TO 2PM
$385,000
4 beds2 baths2,641 sq ft
106 Elmwood St, Waterloo, IL 62298
OPEN SUN, 1PM TO 3PM
$424,900
4 beds3 baths3,644 sq ft
624 Timberline Dr, Waterloo, IL 62298
$925,000
6 beds4.5 baths5,900 sq ft
324 Druscilla Ln, Waterloo, IL 62298
$389,000
4 beds3 baths3,144 sq ft
1307 Rachael Ln, Waterloo, IL 62298
See all

Provided by Redfin

Sale history for 505 S Main St

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,406 (+10.3%)

$16,510 + $39,300

$55,810

2024

$3,086 (+7.9%)

$16,510 + $39,300

$55,810

2023

$2,859 (−1.6%)

$16,190 + $35,950

$52,140

2022

$2,907 (+2.9%)

$15,010 + $30,610

$45,620

2021

$2,825 (−1.8%)

$15,260 + $30,360

$45,620

2020

$2,877 (+0.8%)

$12,510 + $30,870

$43,380

2019

$2,854 (+3.5%)

$12,510 + $30,600

$43,110

2018

$2,756 (+1.6%)

$12,510 + $29,790

$42,300

2017

$2,713 (+13.9%)

$9,440 + $30,260

$39,700

2016

$2,383 (+3.5%)

$8,570 + $27,070

$35,640

2015

$2,301 (+2.7%)

$8,570 + $27,070

$35,640

2014

$2,240 (−7.1%)

$10,030 + $24,660

$34,690

2013

$2,412

$10,030 + $27,740

$37,770

Tax history for 505 S Main St

Year

Property tax

Land + Additions

Assessment*

2025

$3,406 (+10.3%)

$16,510 + $39,300

$55,810

2024

$3,086 (+7.9%)

$16,510 + $39,300

$55,810

2023

$2,859 (−1.6%)

$16,190 + $35,950

$52,140

2022

$2,907 (+2.9%)

$15,010 + $30,610

$45,620

2021

$2,825 (−1.8%)

$15,260 + $30,360

$45,620

2020

$2,877 (+0.8%)

$12,510 + $30,870

$43,380

2019

$2,854 (+3.5%)

$12,510 + $30,600

$43,110

2018

$2,756 (+1.6%)

$12,510 + $29,790

$42,300

2017

$2,713 (+13.9%)

$9,440 + $30,260

$39,700

2016

$2,383 (+3.5%)

$8,570 + $27,070

$35,640

2015

$2,301 (+2.7%)

$8,570 + $27,070

$35,640

2014

$2,240 (−7.1%)

$10,030 + $24,660

$34,690

2013

$2,412

$10,030 + $27,740

$37,770

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

Single-Family Residence Districts

The Single-Family Residence Districts, as differentiated herein, and the district locations as depicted on the Zone District Map, reflect the wide variety of physical and social characteristics found in Waterloo, to the extent that the range of such conditions and characteristics can be divided into meaningful categories. It is the purpose of these regulations to encourage the creation and maintenance of stable and enduring residential areas by establishing limitations on the use and character of development so as to take advantage of, or to avoid conflict with, natural topography, existing development, arrangements and locations of existing or planned community facilities and social needs of the city.

Permitted uses

Include but are not limited to:

Housing-Single unit

Property details

Interior

Basement Information
Basement Sq. Ft: 1,638
Basement Type: Full

Bathroom Information
# of Bathroom Fixtures: 10

Heating & Cooling
Air Conditioning Type: Central

Exterior

Exterior Information
Physical Condition: Average
Exterior Wall: Frame
Building Type: Duplex

Property Information
Subdivision Name: ROSE & OMELVENYS ADD
Living Sq. Ft: 1,638
Ground Floor Sq. Ft: 1,638
Building Sq. Ft: 3,276
# of Stories: 1
Stories Type: 1
Legal Description: LOT 7, PART LOT 6 & PART LOT 8B BLK 6 ROSE & OMELVENYS ADDN

Parking & Garage Information
Parking Type: Carport
Garage / Carport Type: Carport

Lot Information
# of Buildings: 1
Land Sq. Ft: 11,646
Legal Lot Number: 7
Legal Block Number: 6
Acres: 0.27
Depth Footage: 126
Front Footage: 83
Zoning Code: WR3
County Use Description: IMPROVED RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 4.0
Sq. Ft.: 1,638
Stories: 1.0
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: 1971
County: Monroe County
APN: 07-25-433-015-000

Home facts updated by county records on Aug 26, 2026

Around this home

Schools

Rogers Elementary School

Public 2-3 • Assigned • 0.6mi

10/10

Waterloo Junior High School

Public 6-8 • Assigned • 0.7mi

7/10

Waterloo High School

Public 9-12 • Assigned • 1.0mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 106° expected this year, 20 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Waterloo, IL • 62298

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.9 hours in June and 4.1 hours in December, which is comparable to the U.S. average for solar exposure.

9.9 hrs

4.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$246,000 – $297,000

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Nearby similar homes

NEW 5 HRS AGO

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FOR SALE BY OWNER

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708 S Library St, Waterloo, IL 62298

FOR SALE BY OWNER

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New listings for sale in 62298

NEW 4 HRS AGO

$369,900

4 beds2 baths2,272 sq ft

1024 W Fallen Lake Dr, Waterloo, IL 62298

NEW 22 HRS AGO

$10,000

2 beds2 baths1,200 sq ft

5245 Timber Lake Dr, Waterloo, IL 62298

NEW 30 HRS AGO

$399,900

4 beds4 baths2,203 sq ft

720-722 Brittany Ct, Waterloo, IL 62298

OPEN SAT, 12PM TO 2PM

$320,000

3 beds2.5 baths2,598 sq ft

118 Osterhage Dr, Waterloo, IL 62298

COMING SOON

$215,000

3 beds1 bath1,797 sq ft

458 N Library St, Waterloo, IL 62298

OPEN SAT, 12PM TO 2PM

$339,900

3 beds2 baths1,500 sq ft

711 Ward, Waterloo, IL 62298

OPEN SUN, 12PM TO 2PM

$385,000

4 beds2 baths2,641 sq ft

106 Elmwood St, Waterloo, IL 62298

OPEN SUN, 1PM TO 3PM

$424,900

4 beds3 baths3,644 sq ft

624 Timberline Dr, Waterloo, IL 62298

$925,000

6 beds4.5 baths5,900 sq ft

324 Druscilla Ln, Waterloo, IL 62298

Home values near 505 S Main St

Data from public records.

Address	Redfin Estimate
411 S Main Street, Waterloo, IL 2 Beds \| 2 Baths \| 1675 Sq. Ft.	$224,603
500 S Main Street, Waterloo, IL 3 Beds \| 3 Baths \| 936 Sq. Ft.	$223,631

Address	Redfin Estimate
417 S Main Street, Waterloo, IL 2 Beds \| 2 Baths \| 840 Sq. Ft.	$204,374
415 S Main Street, Waterloo, IL 3 Beds \| 2 Baths \| 1008 Sq. Ft.	$165,083

Address	Redfin Estimate
525 S Main Street, Waterloo, IL 2 Beds \| 3 Baths \| 1329 Sq. Ft.	$200,328
400 S Main Street, Waterloo, IL 3 Beds \| 3 Baths \| 1392 Sq. Ft.	$257,498

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 62298, IL

Sale history for 505 S Main St

Tax history for 505 S Main St

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 62298

Home values near 505 S Main St

More real estate resources