331 S Grant St Bloomington, IN 47401
Elm Heights NeighborhoodEstimated payment $4,750/month
Highlights
- Covered Patio or Porch
- Covered Deck
- Forced Air Heating and Cooling System
- Binford Elementary School Rated A
- Multiple cooling system units
- 4-minute walk to Bloomington Parks & Recreation
About This Home
Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".
Listing Agent
RE/MAX Acclaimed Properties Brokerage Phone: 812-325-1290 Listed on: 05/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,843
Year Built
- Built in 1920
Lot Details
- 9,727 Sq Ft Lot
- Irregular Lot
Home Design
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Block Basement Construction
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 6 Full Bathrooms
Parking
- 6 Parking Spaces
- Off-Street Parking
Outdoor Features
- Covered Deck
- Covered Patio or Porch
- Outbuilding
Location
- Suburban Location
Schools
- Rogers/Binford Elementary School
- Jackson Creek Middle School
- Bloomington South High School
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for building insurance, electric, heating, lawn maintenance, snow removal, sewer, trash collection, water
- Assessor Parcel Number 53-08-04-203-029.000-009
Community Details
Overview
- 6 Units
- Southeast Bloomington City Subdivision
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Electric Expense $3,386
- Fuel Expense $2,462
- Water Sewer Expense $1,074
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $13,843 | $700,200 | $437,800 | $262,400 |
| 2024 | $13,528 | $660,800 | $243,200 | $417,600 |
| 2023 | $5,389 | $509,300 | $107,000 | $402,300 |
| 2022 | $10,579 | $522,500 | $107,000 | $415,500 |
| 2021 | $10,068 | $485,700 | $107,000 | $378,700 |
| 2020 | $10,262 | $496,500 | $107,000 | $389,500 |
| 2019 | $7,621 | $362,400 | $107,000 | $255,400 |
| 2018 | $7,615 | $361,300 | $107,000 | $254,300 |
| 2017 | $7,585 | $359,100 | $107,000 | $252,100 |
| 2016 | $7,453 | $359,100 | $107,000 | $252,100 |
| 2014 | $5,018 | $241,000 | $107,000 | $134,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/13/2026 05/13/26 | For Sale | $659,900 | -- | $198 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $319,920 | Commercial | |
| Closed | $150,000 | Future Advance Clause Open End Mortgage |
Source: Indiana Regional MLS
MLS Number: 202618079
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.