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Bloomington, IL Multifamily Homes & Duplexes for Sale

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  • /19

    $195,000

    • 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
  • /26

    $136,900

    • 2 Beds
    • 2 Baths

    1309 S Main St, Bloomington, IL 61701

    Charming Duplex in South Hill - Investment Opportunity! Well-maintained duplex located in South Hill. Each unit features 1 bedroom and 1 bathroom with beautiful natural woodwork, hardwood floors, and trim throughout. Unit 1 (Main Floor): Foyer, spacious living room, separate dining room, and kitchen with abundant natural light. Unit 2 (Upper Floor): Living room, kitchen, 1 bedroom, 1 bathroom,

    George Shanley Coldwell Banker Real Estate Group

    1309 S Main St, Bloomington, IL 61701
  • /11

    $144,900

    • 2 Beds
    • 2 Baths

    500 N Lee St, Bloomington, IL 61701

    This building has 2 units, both are one bedroom and one bath. Tenants pay utilities. Block building with enclosed front porch. Convenient to downtown. On street parking. Need minimum of 24 hours notice to show. Owner is Licensed Broker in the State of Illinois

    Caroline Bird Coldwell Banker Real Estate Group

    500 N Lee St, Bloomington, IL 61701
  • /21

    $229,500

    • 5 Beds
    • 3 Baths

    805 E Chestnut St, Bloomington, IL 61701

    Great income property. Do not miss this well-kept property in a great location. All units have been refreshed as new tenants move in and out. Newly painted exterior. 4th unit is rented for garage storage. A fifth apartment is possible in basement.

    Ed Larsen Coldwell Banker Real Estate Group

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

    $199,900

    • 5 Beds
    • 2 Baths

    506 E Chestnut St, Bloomington, IL 61701

    Smart investment opportunity in a great east side neighborhood! This two-unit property has been refreshed inside and is currently fully occupied for solid cash flow. The main floor unit features two bedrooms and one bath and is currently leased through the end of the year. The upper unit offers three bedrooms and one bath and is currently leased through April of 2026. Mechanicals are separated

    Erin Burns Keller Williams Revolution

    506 E Chestnut 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
  • /13

    $169,000

    • 4 Beds
    • 2 Baths

    1218 Orchard Rd, Bloomington, IL 61704

    Charming duplex with a solid history of updates! Highlights include a new roof (2007), new hot water heater for Unit A and new stove for Unit B (2011), new windows throughout (2013), new hot water heater for Unit B and new doors for both units (2014), and new front porches (2015). Recent updates include new HVAC systems in Unit A (2020) and Unit B (2021), plus a new refrigerator and driveway

    Angela Doyle Keller Williams Revolution

    1218 Orchard Rd, Bloomington, IL 61704
  • /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

    $155,000

    • 4 Beds
    • 3 Baths

    810 W Market St, Bloomington, IL 61701

    Great investment property. Property is being sold in "as is" condition.

    Jared Litwiller Freedom Realty

    810 W Market St, Bloomington, IL 61701
  • /2

    $180,000

    • 4 Beds
    • 4 Baths

    402-404 W Olive St, Bloomington, IL 61701

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

    Jared Litwiller Freedom Realty

    402-404 W Olive St, Bloomington, IL 61701
  • /2

    $159,900

    • 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
$220,000
Median Single Family Sale Price
$215,000
Median Townhouse Sale Price
$257,500
Median 2 Bedroom Sale Price
$195,900
Median 1 Bedroom Sale Price
$179,900
Average Price Per Sq Ft
$112
Number of Homes for Sale
45
Last 12 months Home Sales
410
Months of Supply
1.30
Median List Price
$215,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%
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