1018 N Prairie St Bloomington, IL 61701
Estimated payment $1,437/month
Highlights
- American Four Square Architecture
- Shed
- Heating Available
- Corner Lot
- Ceiling Fan
- 3-minute walk to Franklin Park
About This Home
This well-located property presents a prime investment opportunity. This two-unit converted residential rental is situated directly across the street from the Illinois Wesleyan University Library and campus, and less than 500 feet from historic Franklin Park. Unit 1 offers two bedrooms and one bathroom, while Unit 2 features two or three bedrooms and one bathroom. Each unit has its own private entrance and access to a partially finished basement with shared laundry (approximately 9' x 10'). The basement includes finished rooms with storage, an egress window, and a bonus half bathroom. Additional highlights include extra off-street parking behind the house, a "through" driveway, and a storage shed. Major improvements include a new roof (2018), updated furnace and central air (2007), new front porch flooring (2025), refinished original hardwood floors (2025), all new interior paint, and new kitchen appliances in Unit 1. The property offers flexible income potential: rent by the room, lease by the unit, or owner-occupy one unit while renting the other. Utilities include shared water and electric. Conversion back to a single-family residence is also possible.
Listing Agent
BHHS Central Illinois, REALTORS License #471007415 Listed on: 10/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,268
Year Built
- Built in 1915
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 51 x 107
- Corner Lot
Home Design
- American Four Square Architecture
- Block Foundation
- Asphalt Roof
Interior Spaces
- Ceiling Fan
- Basement Fills Entire Space Under The House
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Parking
- 4 Parking Spaces
- Driveway
- Additional Parking
- Off-Street Parking
Schools
- Bent Elementary School
- Bloomington Jr High Middle School
- Bloomington High School
Additional Features
- Shed
- Heating Available
Community Details
Overview
- 2 Units
- Franklin Park Subdivision
Building Details
- Gross Income $2,100
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,971 | $40,407 | $5,533 | $34,874 |
| 2022 | $2,971 | $34,956 | $4,786 | $30,170 |
| 2021 | $2,720 | $32,000 | $4,381 | $27,619 |
| 2020 | $2,712 | $32,000 | $4,381 | $27,619 |
| 2019 | $2,704 | $32,000 | $4,381 | $27,619 |
| 2018 | $2,834 | $33,667 | $4,381 | $29,286 |
| 2017 | $2,834 | $33,667 | $4,381 | $29,286 |
| 2016 | $2,830 | $33,667 | $4,381 | $29,286 |
| 2015 | $2,821 | $33,667 | $4,381 | $29,286 |
| 2014 | $2,007 | $24,735 | $4,381 | $20,354 |
| 2013 | -- | $24,735 | $4,381 | $20,354 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/18/2026 01/18/26 | For Sale | $225,000 | +45.2% | -- | |
| 04/30/2013 04/30/13 | Sold | $155,000 | 0.0% | -- | View Prior Sale |
| 02/27/2013 02/27/13 | Pending | -- | -- | -- | |
| 02/27/2013 02/27/13 | For Sale | $155,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $155,000 | Mclean County Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $77,500 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12490661
APN: 21-04-201-008
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