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Innovation District Home for Sale

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    $195,000

    • 3 Beds
    • 2 Baths
    • 2,011 Sq Ft

    1003 S University St, Normal, IL 61761

    Welcome to this well-maintained Cape Cod home in the heart of Normal. Offering over 2,000 square feet of total living space, this property features a spacious main-level bedroom with a full bath, a generous living room, and an eat-in kitchen. Upstairs, you'll find a large additional bedroom perfect for a variety of uses. The partially finished basement includes a sizable family room, and laundry

    Gage Juarez Coldwell Banker Real Estate Group

    1003 S University St, Normal, IL 61761

Why Live in Innovation District

Normal’s Innovation District, centered around Illinois State University, features a mix of condos, small homes, and businesses that cater to the university community. The neighborhood is characterized by university landmarks like Hancock Stadium and Hewett Hall. Along South Main Street, residents find a variety of dining options, including local favorites like The Rock and popular chains such as Chipotle and Noodles and Company. For coffee, Fusion Brew is a local staple. The area offers several things to do, including visits to the Children’s Discovery Museum and the Illinois Art Station. People’s Park provides a space for picnics and outdoor activities, while Anderson Park offers a pool, playground, and basketball courts. The Constitution Trail, spanning 37 miles, is ideal for biking, running, and walking. Housing in the Innovation District includes bungalows, ranch-style homes, and split-level Colonial Revivals, with condos also available. The median home price is $190,000. Glenn Elementary School and Normal Community West High School serve the area’s students, both earning high ratings. The neighborhood benefits from the Bloomington-Normal Connect Transit bus system, with stops around the university and along South Main Street. Interstate 55 is 2 miles away, making Chicago accessible at 134 miles north. Residents enjoy seasonal events like the Normal LIVE concert series, Cruisin’ Uptown Normal car show, and the Sweet Corn Circus festival, reflecting the community’s vibrant and diverse character.

Frequently Asked Questions

Is Innovation District a good place to live?
Innovation District is a good place to live. Innovation District is considered fairly walkable and very bikeable with good transit options. Innovation District has 4 parks for recreational activities. It is very dense in population with 15.0 people per acre and a median age of 23. The average household income is $38,052 which is below the national average. College graduates make up 41.4% of residents. A majority of residents in Innovation District are renters, with 85.7% of residents renting and 14.3% of residents owning their home. A local real estate agent serving Innovation District can help you decide if this neighborhood is the right one for you. Learn more on our Innovation District neighborhood guide.
How much do you need to make to afford a house in Innovation District?
The median home price in Innovation District is $189,900. If you put a 20% down payment of $38,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $970 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $42K a year to afford the median home price in Innovation District. The average household income in Innovation District is $38K.
What are the best public schools in Innovation District?
The best public schools that serve Innovation District are:
What are the best private schools in Innovation District?
The best private schools that serve Innovation District are:
What are the most popular zip codes in Innovation District, Normal, IL?
The most popular zip codes in Innovation District, Normal, IL include 61761, 61701, 61704, 61705 and 61776.
What are the most popular neighborhoods near Innovation District, Normal, IL?
The most popular neighborhoods near Innovation District, Normal, IL are Kingsridge, Westbrooke, Windsor Hill-Sugar Creek, Bunker Hill and Northwest.
Are home prices dropping in Innovation District?
Yes, home prices in Innovation District are down 4% in the last 12 months.

Home Trends in Innovation District, IL

Housing Trends

Median Sale Price
$195,000
Median Single Family Sale Price
$195,000
Median 2 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$118
Number of Homes for Sale
1
Last 12 months Home Sales
10
Months of Supply
1.20
Median List Price
$189,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-2%
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