$174,900

506 E Chestnut Street, Bloomington, IL 61701

5 beds |
2 baths

Multi-Family Home
Built in 1915
7,841sqft lot
1 car garage
$——/sqft
Listed 1 month ago

Property Description

Smart investment opportunity in a great neighborhood! This two-unit property has been refreshed for market with brand new exterior paint and some touch ups. The main floor unit offers 2 bedrooms and 1 bath and is ready for occupancy, ideal for an owner-occupant or new tenants. The upper unit features 3 bedrooms and 1 bath and is currently leased through May 2026, providing immediate income. Each unit has separate mechanicals, and tenants share convenient laundry facilities in the basement. A detached garage adds additional income potential with the option to lease separately. Whether you're expanding your investment portfolio or seeking a property to live in while generating rental income, this one checks all the right boxes! 24-hour notice required for all showings. Property sold as presented.

Listing Status:: Active
Listing Office:: Keller Williams Revolution : 309-834-3400
Listing Agent:: Erin Burns : 309-840-7692
MLS ID:: 12513210

Basement: UnfinishedPartial
Heating: Natural Gas

Style: Traditional
Parking: YesGarage OwnedDetachedOff StreetOwnedGarageParking spaces: 4

Roofing: Asphalt
General: Traditional

Originating MLS: mred
School District: 87
County: McLean

Zoning: MULTI2104229019

Water: Public
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Erin Burns, Keller Williams Revolution

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bent Elementary School

904 N Roosevelt Ave, Bloomington, IL, 61701

Grades KG-5

0.58 miles away

Bloomington Jr High School

901 Colton Ave, Bloomington, IL, 61701

Grades 6-8

0.53 miles away

Bloomington High School

1202 E Locust St, Bloomington, IL, 61701

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.