506 E Chestnut St Bloomington, IL 61701
Northwest NeighborhoodEstimated payment $1,306/month
About This Home
Smart investment opportunity in a great east side neighborhood! This two-unit property has been refreshed inside and is currently fully occupied for solid cash flow. The main floor unit features two bedrooms and one bath and is currently leased through the end of the year. The upper unit offers three bedrooms and one bath and is currently leased through April of 2026. Mechanicals are separated and there's shared laundry available in the basement for both tenants. The detached garage adds even more income potential - it can be rented for an additional monthly charge. Looking to add to your portfolio? This property checks all the right boxes!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,888
Year Built
- Built in 1915
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 50 x 155
Parking
- 1 Car Garage
- Off-Street Parking
Home Design
- Traditional Architecture
- Asphalt Roof
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Schools
- Bent Elementary School
- Bloomington Jr High Middle School
- Bloomington High School
Additional Features
- Partial Basement
- Heating System Uses Natural Gas
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,625 | $35,707 | $6,965 | $28,742 |
2022 | $2,625 | $30,891 | $6,026 | $24,865 |
2021 | $2,403 | $28,278 | $5,516 | $22,762 |
2020 | $2,397 | $28,278 | $5,516 | $22,762 |
2019 | $2,390 | $28,278 | $5,516 | $22,762 |
2018 | $2,380 | $28,278 | $5,516 | $22,762 |
2017 | $2,381 | $28,278 | $5,516 | $22,762 |
2016 | $2,377 | $28,278 | $5,516 | $22,762 |
2015 | $2,370 | $28,278 | $5,516 | $22,762 |
2014 | $2,295 | $28,278 | $5,516 | $22,762 |
2013 | -- | $28,278 | $5,516 | $22,762 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/04/2025 09/04/25 | Price Changed | $925 | +0.5% | $1 / Sq Ft |
08/21/2025 08/21/25 | Price Changed | $920 | +0.5% | $1 / Sq Ft |
08/07/2025 08/07/25 | Price Changed | $915 | +0.5% | $1 / Sq Ft |
07/24/2025 07/24/25 | Price Changed | $910 | +0.6% | $1 / Sq Ft |
07/10/2025 07/10/25 | Price Changed | $905 | +0.6% | $1 / Sq Ft |
06/26/2025 06/26/25 | Price Changed | $900 | +0.6% | $1 / Sq Ft |
06/12/2025 06/12/25 | Price Changed | $895 | +0.6% | $1 / Sq Ft |
05/29/2025 05/29/25 | Price Changed | $890 | +0.6% | $1 / Sq Ft |
05/15/2025 05/15/25 | Price Changed | $885 | +0.6% | $1 / Sq Ft |
05/02/2025 05/02/25 | Price Changed | $880 | -1.1% | $1 / Sq Ft |
04/18/2025 04/18/25 | Price Changed | $890 | 0.0% | $1 / Sq Ft |
04/17/2025 04/17/25 | For Sale | $199,900 | 0.0% | -- |
04/04/2025 04/04/25 | Price Changed | $885 | +0.6% | $1 / Sq Ft |
03/21/2025 03/21/25 | Price Changed | $880 | +0.6% | $1 / Sq Ft |
03/07/2025 03/07/25 | Price Changed | $875 | +0.6% | $1 / Sq Ft |
02/21/2025 02/21/25 | Price Changed | $870 | +0.6% | $1 / Sq Ft |
02/10/2025 02/10/25 | Off Market | -- | -- | -- |
02/08/2025 02/08/25 | Price Changed | $865 | +0.6% | $1 / Sq Ft |
01/25/2025 01/25/25 | For Rent | $860 | 0.0% | -- |
01/25/2025 01/25/25 | Price Changed | $860 | +0.6% | $1 / Sq Ft |
01/11/2025 01/11/25 | For Rent | -- | -- | -- |
01/11/2025 01/11/25 | Price Changed | $855 | +0.6% | $1 / Sq Ft |
12/29/2024 12/29/24 | For Rent | $850 | -- | -- |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $122,500 | None Listed On Document | |
Warranty Deed | $103,500 | Frontier Title Co |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $20,000 | Credit Line Revolving | |
Previous Owner | $82,800 | Adjustable Rate Mortgage/ARM | |
Previous Owner | $69,105 | Unknown |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12341632

APN: 21-04-229-019
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