802 E Grove St Bloomington, IL 61701
Near East NeighborhoodEstimated payment $2,216/month
Highlights
- Traditional Architecture
- Corner Lot
- Porch
About This Home
Exceptional 3-unit investment opportunity in a prime Bloomington location with strong, diversified cash flow. This property features one established long-term rental providing consistent base income, plus two fully furnished and professionally operated short-term rental units with documented booking history and repeat guest traffic. The long-term unit offers stable occupancy, while the two short-term units are turn-key and actively generating income. Furnishings and short-term rental setup create a seamless transition for the next owner. All units are well maintained with attractive layouts that appeal to both extended-stay guests and traditional tenants. Located near downtown Bloomington, restaurants, and major employers, this property benefits from strong rental demand in both the long- and short-term markets. A rare opportunity to acquire a performing asset with immediate revenue in place.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,451
Year Built
- Built in 1900
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 10x115
- Corner Lot
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Parking
- 5 Parking Spaces
- Parking Available
- Parking Included in Price
- Assigned Parking
Schools
- Stevenson Elementary School
- Bloomington Jr High Middle School
- Bloomington High School
Additional Features
- Basement Fills Entire Space Under The House
- Porch
- Heating System Uses Natural Gas
Community Details
Overview
- 3 Units
- Dimmitts Grove Subdivision
Building Details
- Fuel Expense $2,135
- Maintenance Expense $7,139
- Professional Management Expense $1,105
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 | $4,915 | $67,229 | $16,456 | $50,773 |
| 2022 | $4,915 | $57,832 | $14,156 | $43,676 |
| 2021 | $4,499 | $52,942 | $12,959 | $39,983 |
| 2020 | $4,189 | $49,423 | $12,098 | $37,325 |
| 2019 | $4,177 | $49,423 | $12,098 | $37,325 |
| 2018 | $4,160 | $49,423 | $12,098 | $37,325 |
| 2017 | $4,161 | $49,423 | $12,098 | $37,325 |
| 2016 | $4,154 | $49,423 | $12,098 | $37,325 |
| 2015 | $3,945 | $47,070 | $11,522 | $35,548 |
| 2014 | $3,819 | $47,070 | $11,522 | $35,548 |
| 2013 | -- | $47,070 | $11,522 | $35,548 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/18/2026 03/18/26 | Pending | -- | -- | -- | |
| 02/15/2026 02/15/26 | For Sale | $329,900 | +85.3% | -- | |
| 06/24/2022 06/24/22 | Sold | $178,000 | -13.1% | -- | View Prior Sale |
| 05/11/2022 05/11/22 | Pending | -- | -- | -- | |
| 05/06/2022 05/06/22 | For Sale | $204,900 | +15.1% | -- | |
| 02/28/2022 02/28/22 | Pending | -- | -- | -- | |
| 01/01/2022 01/01/22 | For Sale | -- | -- | -- | |
| 12/31/2021 12/31/21 | Off Market | $178,000 | -- | -- | |
| 08/30/2021 08/30/21 | For Sale | $249,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Deed | $178,000 | Barger Thomas M | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $195,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12569225
APN: 21-04-437-009
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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