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Prospect Hill Multifamily Home for Sale

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    $499,000

    • 5 Beds
    • 3 Baths
    • 2,351 Sq Ft

    308 S Madison St, Bloomington, IN 47403

    Great investment for an owner-occupant with added income unit (or in-law unit), or fully rent both units (308 & 308.5 S Madison). Located in the heart of downtown Bloomington! Easy access to Indiana University, Kirkwood Ave, Bloomingfoods, Farmers' Market, B-Line trail, etc . Occupancy permit in-place for 7 total. The main house (308 S Madison) has 5 bedrooms and 2 full bathrooms. It boasts a

    Scott Owens Owens Realty Group

    308 S Madison St, Bloomington, IN 47403

Why Live in Prospect Hill

Prospect Hill in Bloomington, Indiana, is a historic neighborhood featuring homes that date back to the turn of the 20th century, with some predating the Civil War. Architectural styles include Gabled-ell houses, Craftsman bungalows, Queen Annes, and ornate builds like Mansard and Elizabethan Revival. The area is characterized by its mature tree canopy and street murals, such as the pollen-themed painting at Fairview and Howe streets. Building Trades Park, the neighborhood's main green space, offers a playground and basketball courts, with future plans for a futsal court. Rose Hill Cemetery provides a peaceful walking area, and the 3-mile B-Line Trail is popular among bikers and joggers. For indoor activities, the WonderLab Science Museum offers interactive exhibits for children. Prospect Hill is just a few blocks from downtown Bloomington, but it has its own local shops and dining options, including Rainbow Bakery and Juannita’s. Downtown nightlife options include Crazy Horse, the Alley Bar, and Tap Bloomington. The neighborhood hosts annual picnics at Building Trades Park and is close to major city events like the Lotus World Music and Arts Festival. Transportation options include bike routes, Bloomington Transit buses, and proximity to Interstate 69, which is about 2 miles away. The Monroe County Airport is nearby for general aviation, while Indianapolis International Airport handles commercial flights. Students in Prospect Hill attend highly rated schools, including Tri-North Middle School and Bloomington High School North, both known for their strong academic programs and extracurricular activities.

Home Trends in Prospect Hill, IN

Housing Trends

Median Sale Price
$310,000
Median Single Family Sale Price
$305,000
Median 2 Bedroom Sale Price
$344,950
Average Price Per Sq Ft
$247
Number of Homes for Sale
2
Last 12 months Home Sales
15
Months of Supply
1.60
Median List Price
$330,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
24%
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