Smart investment opportunity in a great east side neighborhood! This two-unit property has been refreshed inside and gives the flexibility of living in one unit or renting out both 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 has been left vacant for a potential owner-occupant, though it's rent ready if you'd prefer to lease it out. 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. Whether you're house hacking or adding to your portfolio, this property checks all the right boxes.
Active
$199,900
506 E Chestnut St, Bloomington, IL 61701
5beds
--sqft
Est.:
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Main floor unitUpper unit
- 8 days
- on Zillow |
- 823 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 10:07pm
Listing courtesy of:
Erin Burns 309-840-7692,
Keller Williams Revolution
Source: MRED as distributed by MLS GRID,MLS#: 12341632

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 4
- Parking features: On Site, Garage Owned, Detached, Off Street, Owned, Garage
- Garage spaces: 1
Lot
- Size: 7,840.8 Square Feet
- Dimensions: 50 X 155
Details
- Parcel number: 2104229019
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Conventional
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not Applicable
Location
- Region: Bloomington
Financial & listing details
- Tax assessed value: $103,659
- Annual tax amount: $2,887
- Date on market: 4/18/2025
- Ownership: Fee Simple
- Loading
- Loading