$275,000
$45K PRICE DROP

1200 N Lincoln St Bloomington, IN 47408

Estimated payment $1,708/month

Total Views 20,456
2 Beds
1 Bath
804 Sq Ft
$342 Price per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • University Elementary School Rated A
  • Ceiling Fan
  • 5-minute walk to Miller-Showers Park

About This Home

Located in a highly desirable area close to Indiana University, 1200 N Lincoln offers incredible potential for investors and developers. This 2-bedroom, 1-bath property is ideally situated for future development, with zoning that allows for expanded possibilities. The proximity to campus and demand in the neighborhood make this a standout opportunity to create a high-value property in a sought-after location. Perfect for those looking to invest in the future growth of Bloomington.

Listing Agent

Jeff Brawley

Brawley Real Estate Brokerage Phone: 844-254-7368 Listed on: 11/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,154

Year Built

  • Built in 1899

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 62x50
  • Corner Lot

Home Design

  • Metal Siding

Interior Spaces

  • 804 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Block Basement Construction
  • Crawl Space

Schools

  • University Elementary School
  • Tri-North Middle School
  • Bloomington North High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for lawn maintenance, tax
  • Assessor Parcel Number 53-05-33-201-008.000-005

Community Details

Overview

  • Northeast Bloomington City Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $836
  • Fuel Expense $733
  • Insurance Expense $1,798
  • Water Sewer Expense $1,268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,154

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1899
  • Style: One Story
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: NORTHVIEW PT LOT 24
  • Parcel Number ID: 53-05-33-201-008.000-005
  • Platted: Yes
  • Amenities: Ceiling Fan
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 804
  • Total Finished Sq Ft: 804
  • Above Grade Finished Sq Ft: 804
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Metal
  • Stories: 1

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 835.9
  • Annual Fuel Expense: 732.88
  • Annual Insurance Expense: 1798
  • Annual Water Sewer Expense: 1267.94
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: University

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 62X50
  • Estimated Lot Sq Ft: 3049
  • Estimated Lot Size Acres: 0.07
  • Lot Number: 24

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Lawn Maintenance, Tax
  • Tenant Pays: Electric, Sewer, Water

Tax Info

  • Annual Property Tax: 3154

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Bloomington North
  • Middle School: Tri-North
  • School District: Monroe County Community School Corp.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,343 $148,100 $60,000 $88,100
2023 $1,502 $141,600 $57,700 $83,900
2022 $2,699 $133,000 $57,700 $75,300
2021 $2,165 $104,200 $38,400 $65,800
2020 $2,117 $102,600 $34,600 $68,000
2019 $2,044 $97,200 $34,600 $62,600
2018 $2,015 $95,600 $34,600 $61,000
2017 $1,863 $88,200 $27,700 $60,500
2016 $1,779 $85,600 $27,700 $57,900
2014 $1,623 $77,800 $27,700 $50,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 Price Changed $275,000 -8.0% $342 / Sq Ft
11/13/2025 11/13/25 For Sale $299,000 0.0% $372 / Sq Ft
11/06/2025 11/06/25 Off Market $299,000 -- --
12/04/2024 12/04/24 Price Changed $299,000 -6.6% $372 / Sq Ft
11/05/2024 11/05/24 For Sale $320,000 -- $398 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202442972

Indiana Regional MLS

APN: 53-05-33-201-008.000-005