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506 E Chestnut Street Bloomington, IL $ 174,900
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$ 174,900 Get more info
506 E Chestnut Street
$ 174,900
Back to search
Share Save

506 E Chestnut Street

Bloomington, IL, 61701
$ 174,900
Bedrooms5 Baths2.0

Monthly Estimate*

$ 1,091

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Multi-Family Home for sale in Bloomington, IL

for $174,900 with 5 bedrooms and 2 full baths. This home was built in 1915 on a lot size of 0.18.

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.

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Multi-Family Active

Price

$ 174,900

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,895

Style

Traditional

Lot Size

0.18

Year Built

1915

Town/City

Bloomington

County/Region

McLean

MLS | Web ID

12513210
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Zoning MULTI
Garage Spaces 1
Architectural Style Traditional
Construction Materials Conventional
Year Built 1915
Township City of Bloomi
Tax Year 2024
Ownership Fee Simple
County McLean
New Construction N
Property Type Residential Income Two to Four Units
Subdivision Name Not Applicable
Total Rooms 8
Status Active
Directions North Clinton Street to West on E. Chestnut
High School Bloomington High School
City Bloomington
High School District 87
MLS Area Bloomington
Elementary School Bent Elementary School
Tax Annual Amount 2895.12
Middle/Junior High School Bloomington Jr High School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 87
Elementary School District 87
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Interior
Basement Unfinished Partial
Total Bedrooms 5
Total Baths 2
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Off Street Owned Garage
Water Source Public
Total Parking 4
Lot Dimensions 50 X 155
Lot Size Acres 0.18
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Revolution

Broker

erin.burns@kw.com

Email

Affordability Calculator

$1,332
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,091
Monthly Property Taxes
$241
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
5211865 Elementary School
2713493 Middle School
Bloomington High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/8/2025$174,900 Listed Price

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506 E Chestnut Street, Bloomington, IL, 61701 is a Multi-Family Home for sale at $174,900 with a lot size of 0.18. 506 E Chestnut Street has 5 bedrooms, 2.0 baths, and was built in 1915. The property's zip code is 61701 which is in Bloomington, IL

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