1314 Fell AVE new Save Request In-Person Tour Request Virtual Tour
Bloomington,IL 61701
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
Subdivision Davis Addition
MLS Listing ID 12404931
Style Traditional
Bedrooms 8
Annual Tax Amount $9,986
Tax Year 2023
Lot Size 0.520 Acres
Property Sub-Type Two to Four Units
Property Description
Premier Multi-Family Investment Opportunity Near Illinois Wesleyan University! Don't miss this rare chance to own a fully leased, income-generating 8-bedroom duplex located just steps from Illinois Wesleyan University. This premier property is leased through May 2027, with active inquiries already coming in for the 2028 school year-offering investors long-term rental security and excellent cash flow potential. Thoughtfully remodeled throughout, this property features modern kitchens, updated bathrooms, and spacious bedrooms, many with private baths and enough room for home offices-ideal for today's student lifestyle. Steeped in history, the property sits within the White Place Historic District, developed in the late 1800s by S.R. White and known for its mature trees, elegant architecture, and charming streetscapes. Originally a single-family home and later serving as a sorority house for Illinois Wesleyan, the property now accommodates university students in a well-maintained and updated multi-family layout. Recent upgrades: retaining wall surrounding the unit replaced, furnaces, AC units, water heaters, and roof. Strong rental history, modern updates, and prime campus location make this a turn-key investment with immediate cash flow and long-term value. Whether you're expanding your portfolio or entering the student housing market, this is the investment you've been waiting for. Students are responsible for all bills except a minor utility bill for exterior lights which averages $45 a month. Unit 1: 2025-2026 deposit=$2600/rent=$2600; 2026-2027 deposit=$2700/rent=$2700 Unit 2: 2025-2026 deposit=$2600/rent=$2600; 2026-2027 rent=$2900/deposit=$2900
Location
State IL
County Mclean
Area Bloomington
Zoning MULTI
Interior
Heating Natural Gas
Exterior
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding,Brick, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Brick
New Construction false
Schools
Elementary Schools Bent Elementary
Middle Schools Bloomington Jr High School
High Schools Bloomington High School
School District 87 ,87, 87
Others
Special Listing Condition None