506 E Chestnut ST Active Save Request In-Person Tour Request Virtual Tour
Bloomington,IL 61701
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12341632
Style Traditional
Bedrooms 5
Year Built 1915
Annual Tax Amount $2,887
Tax Year 2023
Lot Size 7,840 Sqft
Lot Dimensions 50 X 155
Property Sub-Type Two to Four Units
Property Description
Smart investment opportunity in a great east side neighborhood! This two-unit property has been refreshed inside and is currently fully occupied for solid cash flow. The main floor unit features two bedrooms and one bath and is currently leased through the end of the year. The upper unit offers three bedrooms and one bath and is currently leased through April of 2026. Mechanicals are separated and there's shared laundry available in the basement for both tenants. The detached garage adds even more income potential - it can be rented for an additional monthly charge. Looking to add to your portfolio? This property checks all the right boxes!
Location
State IL
County Mclean
Area Bloomington
Zoning MULTI
Rooms
Basement Unfinished,Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 1.0
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Conventional, No
Sewer Public Sewer
Water Public
Structure Type Conventional
New Construction false
Schools
Elementary Schools Bent Elementary
Middle Schools Bloomington Jr High School
High Schools Bloomington High School
School District 87 ,87, 87
Others
Ownership Fee Simple
Special Listing Condition None