1216 S Oak Street Bloomington, IL $ 84,000
1216 S Oak Street
$ 84,000
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1216 S Oak Street

Bloomington, IL, 61701
$ 84,000
Bedrooms2 Baths1.0 Sq 804

Monthly Estimate*

$ 524

1216 S Oak Street, Bloomington, IL 61701 - Image 1
1216 S Oak Street, Bloomington, IL 61701 - Image 2
1216 S Oak Street, Bloomington, IL 61701 - Image 3
1216 S Oak Street, Bloomington, IL 61701 - Image 4
1216 S Oak Street, Bloomington, IL 61701 - Image 5
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1216 S Oak Street, Bloomington, IL 61701 - Image 9
1216 S Oak Street, Bloomington, IL 61701 - Image 10

Single Family Home for sale in Bloomington, IL

for $84,000 with 2 bedrooms and 1 full bath. This 804 square foot home was built in 1950.

CALLING INVESTORS AND HOMEOWNERS ALIKE! Set far back on the lot for added privacy, this charming 2-bedroom, 1-bath home offers a rare combination of flexibility and opportunity. The deep lot provides room to grow - expand the home's footprint, add a garage or workshop, or even build a larger main residence while keeping the existing home as a guest house or rental. Whether you're an investor or homeowner, you'll appreciate the multiple exit strategies this property offers. With 804 square feet of living space, a utility room, driveway parking for multiple vehicles, and a newer 160 sq. ft. shed, there's plenty of potential to enhance or expand the existing layout. Not to mention big ticket upgrades like a newer roof (2017) and sewer line replacement to the street (2022)! For investors, the numbers make sense - this property would rent well above the 1% rule, making it an excellent BRRRR, flip, or buy-and-hold opportunity with light updates. The home features a welcoming wood front porch, ample parking, and a quiet setting that still provides convenient access to town amenities. With its solid structure, spacious lot, and strong upside potential, 1216 S Oak St presents an affordable entry point for homeowners seeking to put in TLC or investors looking for a versatile, high-return opportunity. Buyer to diligence building restrictions.

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Single Family Contingent

Price

$ 84,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,407

Style

Year Built

1950

Town/City

Bloomington

County/Region

McLean

MLS | Web ID

12500244

Features
General
Living Area 804
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air Window Unit(s)
Possession Closing
Association Fee Includes None
Construction Materials Aluminum Siding
Year Built 1950
Township City of Bloomi
Tax Year 2023
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County McLean
New Construction N
Property Type Residential Detached Single
Contingency Attorney/Inspection
Total Rooms 4
Full Baths 1
Status Contingent
Directions Start by heading south on S Main St toward W Bissell St - just 52 feet. Turn right onto W Bissell St - continue for 0.2 miles. Turn right onto S Oak St - your destination will be on the right.
City Bloomington
High School District 87
MLS Area Bloomington
Tax Annual Amount 1407
Standard Status Active Under Contract
Middle/Junior School District 87
Elementary School District 87
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Interior
Basement None
Half Baths 0
Total Bedrooms 2
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 2
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Exterior
Parking Features Driveway Yes Owned
Water Source Public
Total Parking 1
Lot Dimensions 804
Waterfront Y/N N
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* Excluded Features
List By
Gates And Gables Realty

Broker

katiembak@gmail.com;Kbak@gatesandgables.com

Email

Affordability Calculator

$641
Per Month
82%
18%
0%
Monthly Principal & Interest
$524
Monthly Property Taxes
$117
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
566298 Elementary School
566657 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/4/2025$84,000 -10.64% Price Down
10/29/2025$94,000 -5.05% Price Down
10/23/2025$99,000 Listed Price

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1216 S Oak Street, Bloomington, IL, 61701 is a Single Family Home for sale at $84,000 with 804 sqft. 1216 S Oak Street has 2 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 61701 which is in Bloomington, IL