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Northwest Multifamily Home for Sale

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    $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

Why Live in Northwest

Northwest in Bloomington is a historic neighborhood with homes primarily built around 1910, featuring bungalows, shotgun homes, and traditional two-story houses. Many of these homes have been renovated, though some still await updates. The median home price is $124,500, reflecting a 3% increase from the previous year. Residents have convenient access to fresh produce and groceries at Kroger on North Main Street. Local dining options include Carl’s Ice Cream Factory and Crawford’s Corner Pub, with additional popular spots like The Lucca Grill and Reality Bites located in nearby Downtown Bloomington. Music lovers can explore Reverberation Vinyl for records. Families in Northwest benefit from proximity to Bent Elementary School, Bloomington Junior High School, and the highly rated Bloomington High School. The neighborhood is safer than the national average, providing a low crime risk environment. For outdoor activities, Franklin Park offers a playground and sandbox, while O’Neil Park features a gazebo, skate park, and baseball fields. Residents can easily navigate the area with sidewalks and Connect Transit bus stops along major streets. Interstate 74 is just a mile and a half west, connecting to I55 and leading to St. Louis, 164 miles southeast. Downtown Bloomington is a short walk away, hosting events like Bruegala and the Bloomington-Normal Jaycee Holiday Parade. The Central Illinois Regional Airport is 4 miles east, providing convenient travel options.

Home Trends in Northwest, IL

Housing Trends

Median Sale Price
$405,000
Median Single Family Sale Price
$875,000
Average Price Per Sq Ft
$212
Number of Homes for Sale
1
Last 12 months Home Sales
11
Months of Supply
1.10
Median List Price
$875,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-46%
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