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508 W Washington Street Bloomington, IL $ 225,000
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$ 225,000 Get more info
508 W Washington Street
$ 225,000
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508 W Washington Street

Bloomington, IL, 61701
$ 225,000
Bedrooms5 Baths0.0 Sq 4,049

Monthly Estimate*

$ 1,554

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508 W Washington Street, Bloomington, IL 61701 - Image 8
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508 W Washington Street, Bloomington, IL 61701 - Image 10
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508 W Washington Street, Bloomington, IL 61701 - Image 15

Multi-Family Home for sale in Bloomington, IL

for $225,000 with 5 bedrooms. This 4,049 square foot home was built in 1910 on a lot size of 16.8.

Baths + roof 2016. Painting, cleaning, pest control yard maintenance all ongoing. Owner has one employee living in unit #2, so there is no rent roll for that unit. Buyer may want to lease the unit to that person, standard rent has been $600/month. Ideal location for downtown workers, people using public transportation, those with other priorities than housing in the budget. (Window units do not work, sold as is, seller will remove if requested.)

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Multi-Family Active

Price

$ 225,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 2,654

Style

Multi-Family

Lot Size

16.8

Year Built

1910

Town/City

Bloomington

County/Region

McLean

MLS | Web ID

12753845
Features
General
Cooling Window Unit(s)
Utilities Sewer Connected
Possession Closing
Roof Composition
Zoning MULTI
Construction Materials Wood Vinyl Siding
Year Built 1910
Electric Circuit Breakers Fuses
Tenant Pays Electricity
Stories Count 2
Township City of Bloomi
Tax Year 2025
Current Use Multi-Family
Gross Income 36000
County McLean
Net Operating Income 23902
Operating Expense 10500
Insurance Expense 7500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 850
Status New
Directions W on Washington-just W of downtown
City Bloomington
Number Of Units Total 5
MLS Area Bloomington
Lot Size Square Feet 7300
Tax Annual Amount 2654.08
Electric Expense 910
Fuel Expense 2407
Trash Expense 1584
Water Sewer Expense 5122
Ok to Lease Month To Month
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10.6
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Interior
Basement Unfinished
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Brick/Mortar
Building Area Total 4049
Lot Dimensions 65 X 110
Lot Size Acres 16.8
Frontage Type City Street Alley Access
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* Excluded Features
List By
Coldwell Banker Real Estate Group

Broker

ssovereign@coldwellhomes.com

Email

Affordability Calculator

$1,775
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,554
Monthly Property Taxes
$221
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/8/2026$225,000 Listed Price

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508 W Washington Street, Bloomington, IL, 61701 is a Multi-Family Home for sale at $225,000 with 4,049 sqft and a lot size of 16.8. 508 W Washington Street has 5 bedrooms, 0.0 baths, and was built in 1910. The property's zip code is 61701 which is in Bloomington, IL

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