12
See all 12 photos
$199,900
Est. payment /mo
5 Beds
7,840 Sqft Lot
New
506 E Chestnut Street Bloomington, IL 61701
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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 gives the flexibility of living in one unit or renting out both 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 has been left vacant for a potential owner-occupant, though it's rent ready if you'd prefer to lease it out. 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. Whether you're house hacking or adding to your portfolio, this property checks all the right boxes.
Location
State IL
County Mclean
Zoning MULTI
Rooms
Basement Unfinished, Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 1.0
View Y/N true
Roof Type Asphalt
Building
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
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Listed by Erin Burns • Keller Williams Revolution