Smart investment opportunity in a great neighborhood! This two-unit property has been refreshed for market with brand new exterior paint and some touch ups. The main floor unit offers 2 bedrooms and 1 bath and is ready for occupancy, ideal for an owner-occupant or new tenants. The upper unit features 3 bedrooms and 1 bath and is currently leased through May 2026, providing immediate income. Each unit has separate mechanicals, and tenants share convenient laundry facilities in the basement. A detached garage adds additional income potential with the option to lease separately. Whether you're expanding your investment portfolio or seeking a property to live in while generating rental income, this one checks all the right boxes! 24-hour notice required for all showings. Property sold as presented.
Active
$174,900
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 unitBrand new exterior paint
- 33 days |
- 974 |
- 50 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 10:03am
Listing courtesy of:
Erin Burns 309-840-7692,
Keller Williams Revolution
Source: MRED as distributed by MLS GRID,MLS#: 12513210
Tour with a local 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: 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: $2,895
- Date on market: 11/8/2025
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Listed for rent | $880+3.5% |
Source: Zillow Rentals Report a problem | ||
| 11/8/2025 | Listed for sale | $174,900-12.5% |
Source:  MRED as distributed by MLS GRID #12513210 Report a problem | ||
| 9/18/2025 | Listing removed | $199,900 |
Source: MRED as distributed by MLS GRID #12341632 Report a problem | ||
| 4/18/2025 | Listed for sale | $199,900+33.3% |
Source: MRED as distributed by MLS GRID #12341632 Report a problem | ||
| 1/19/2025 | Listing removed | $850 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,888 +10% | $34,553 +11.9% |
| 2022 | $2,625 +9.2% | $30,891 +9.2% |
| 2021 | $2,403 | $28,278 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,240/mo
Principal & interest
$866
Property taxes
$313
Home insurance
$61
Climate risks
Neighborhood: 61701
Nearby schools
GreatSchools rating
- 5/10Bent Elementary SchoolGrades: K-5Distance: 0.6 mi
- 2/10Bloomington Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Bloomington High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Bent Elementary School
- Middle: Bloomington Jr High School
- High: Bloomington High School
- District: 87
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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