1201 W Allen Street Bloomington, IN $ 3,995,000
1201 W Allen Street
$ 3,995,000
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1201 W Allen Street

Bloomington, IN, 47403
$ 3,995,000
Bedrooms39 Baths40.0 Sq 23,310

Monthly Estimate*

$ 24,924

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Multi-Family Home for sale in Bloomington, IN

for $3,995,000 with 39 bedrooms and 40 full baths. This 23,310 square foot home was built in 1985.

Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.

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Multi-Family Pending

Price

$ 3,995,000

Bedrooms

39

Full Bath

40

Property Type

Multi-Family

Taxes

$ 40,922

Style

Apartment Complex

Year Built

1985

Town/City

Bloomington

County/Region

Monroe

MLS | Web ID

202511570

Features
General
Heating Electricity Baseboard Wall Heater
Cooling Wall AC
Sewer City
# of Buildings 9
Status Pending Pending
Full Baths 40
Half Baths 0
Bathrooms 40
Year Built 1985
New Construction No
Tenant Pays Electric
Subdivision None
Style Other
Stories Count 1
Township Perry
Class INVESTMENT
Type Apartment Complex
Age 40
Net Income 316949
Rent Income 390168
Features Cable Available Landscaped Open Floor Plan Patio Open Water Heater Electric Other-See Remarks
REO No
Status Detail 0
Area Monroe County
High School Bloomington South
City Bloomington
School District Monroe County Community School C
Total Sq Ft 23310
Elementary School Templeton
Middle School Jackson Creek
Legal Description 015-62400-00 Seminary Pt Lot 165
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202511570
Agent First Name Audra
Agent Last Name Cannon
DOM 204
Tax Year 2025
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Interior
Basement Slab
Flooring Vinyl
Beds 40
Total Number of Units 40
Microwaves 40
Refrigerators 40
Washers 3
Dryer(s) 3
Dishwasher(s) 40
Disposal(s) 40
Above Grade Bedrooms 40
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 40
W/D Hookups 3
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Exterior
Exterior Stone
Pool No
Number of Parking Spaces 40
Lot Size Area 115870
Lot Dimensions 460x260
Lot Description 0-2.9999
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Audra Cannon

Listing Agent

Crm Properties, Inc

Broker

audra@crmproperties.net

Email

Affordability Calculator

$28,334
Per Month
88%
12%
0%
Monthly Principal & Interest
$24,924
Monthly Property Taxes
$3,410
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236896 Elementary School
1236228 Middle School
Bloomington South High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2025$3,995,000 Listed Price

Map


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1201 W Allen Street, Bloomington, IN, 47403 is a Multi-Family Home for sale at $3,995,000 with 23,310 sqft. 1201 W Allen Street has 39 bedrooms, 40.0 baths, and was built in 1985. The property's zip code is 47403 which is in Bloomington, IN