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Bloomington, IL Multifamily Homes & Duplexes for Sale

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  • /5

    $285,000

    • 4 Beds
    • 2 Baths

    500 S Prospect Rd, Bloomington, IL 61704

    Location! All brick ranch duplex located at the corner of Prospect and Grandview (one block north of Oakland Ave). This is an estate being sold as is but in great condition. 2 bedrooms and 1 bath each with partially finished basements. Laundry in the basement. Great space with some updates in front unit flooring in bathroom, hallway and basement family room. HVAC replaced in 2002 and one AC in

    Bev Virgil Coldwell Banker Real Estate Group

    500 S Prospect Rd, Bloomington, IL 61704
  • /20

    $174,900

    • 5 Beds
    • 2 Baths

    506 E Chestnut St, Bloomington, IL 61701

    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

    Erin Burns Keller Williams Revolution

    506 E Chestnut St, Bloomington, IL 61701
  • /12

    $169,900

    • 5 Beds
    • 3 Baths

    409 E Taylor St, Bloomington, IL 61701

    Fantastic Investment Opportunity! This fully rented duplex offers strong cash flow and plenty of character with real/original wood floors throughout. The main floor unit is exceptionally spacious, while both units enjoy access to decks that were replaced less than a year ago. One A/C unit was updated in 2020, the kitchen cabinets are less than 5 years old, and some flooring has been recently

    Adrianne Cornejo Keller Williams Revolution

    409 E Taylor St, Bloomington, IL 61701
  • /35

    $184,900

    • 3 Beds
    • 3 Baths

    410 N Mclean St, Bloomington, IL 61701

    Fantastic investment opportunity! This income-producing 2-unit property sits on a corner lot in Bloomington and has been well cared for with big-ticket updates already done. Unit 1 spans the first floor and basement, offering an enclosed front porch, spacious family room with decorative fireplace and built-ins, a kitchen, 1 bed/1 bath on the main level, plus a finished basement with another full

    Amanda Wycoff BHHS Central Illinois, REALTORS

    410 N Mclean St, Bloomington, IL 61701
  • /23

    $85,000

    • 3 Beds
    • 3 Baths

    708 W Jefferson St, Bloomington, IL 61701

    Tear off roof just installed, will have 6 inch gutters installed. All three units are currently vacant. New ceiling in one of the units. 3 new windows, siding added to the front. Each unit has a living room, kitchen and full bath. Off street parking off alley. Room for approximately 6 vehicles.

    Caroline Bird Coldwell Banker Real Estate Group

    708 W Jefferson St, Bloomington, IL 61701
  • /2

    $160,000

    • 3 Beds
    • 3 Baths

    412 N Roosevelt Ave, Bloomington, IL 61701

    Excellent investment opportunity. Property is being sold in "as is" condition.

    Jared Litwiller Freedom Realty

    412 N Roosevelt Ave, Bloomington, IL 61701
  • /2

    $149,700

    • 5 Beds
    • 3 Baths

    913 W Grove St, Bloomington, IL 61701

    Investment opportunity! Good sized units offering value. Clean modern living space. One tenant Unit A has lived here for over 2.5 years and is month to month. Easy to show, 24 hour notice please.

    Kindi Bliss Coldwell Banker Real Estate Group

    913 W Grove St, Bloomington, IL 61701

Why Live in Bloomington

The Constitution Trail network provides 24 miles of paved paths connecting Bloomington's parks and neighborhoods, making outdoor recreation easily accessible throughout the city. Residents enjoy cultural attractions like the McLean County Museum of History, housed in the historic courthouse, and the Bloomington Center for the Performing Arts which hosts diverse shows and concerts. The Miller Park Zoo delights families with its interactive exhibits and petting zoo, while Lake Bloomington and Comlara Park provide opportunities for boating, fishing, and camping. The downtown area features unique local restaurants like Biaggi's Ristorante Italiano and Thai House of Bloomington alongside independent shops and galleries.

The median price for single family homes in Bloomington is $265,000, with significant variation by neighborhood. Eagle Crest commands a median price of $373,800, while homes in the historic Dimmitt's Grove neighborhood have a median price of $150,000. Condominiums present a more affordable option, with median prices of $99,000 for one bedroom units and $155,000 for two bedrooms. The property tax rate in McLean County is 2.27%, comparable to nearby Peoria at 2.24%.

A family with school age children needs approximately $108,000 annually to live comfortably, while renters should aim for $62,000. The overall cost of living is 2.1% above the national average. Major employers include State Farm Insurance's corporate headquarters, Country Financial, and Rivian Automotive. The city connects to Chicago and St. Louis via Interstates 55 and 74, with Amtrak providing daily rail service. Public schools like Northpoint Elementary and Normal Community High School have earned A minus ratings from Niche.

Home Trends in Bloomington, IL

Housing Trends

Median Sale Price
$225,000
Median Single Family Sale Price
$221,750
Median Townhouse Sale Price
$240,000
Median 2 Bedroom Sale Price
$190,056
Median 1 Bedroom Sale Price
$179,900
Average Price Per Sq Ft
$114
Number of Homes for Sale
40
Last 12 months Home Sales
345
Months of Supply
1.40
Median List Price
$220,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
2%
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