1314 Fell Avenue, Bloomington, IL 61701
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1314 Fell Avenue,Bloomington, IL 61701
$725,000
- 8 Beds
- 9 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:patricia hadley
Office:re/max choice
MLS#:12404931
Source:MLSNI
Price summary
- Price:$725,000
About this home
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 per month; 2026-2027 deposit=$2700/rent=$2700 per month; Unit 2: 2025-2026 deposit=$2600/rent=$2600 per month; 2026-2027 rent=$2900/deposit=$2900 per month
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Home facts
- Listing ID #:12404931
- Added:88 day(s) ago
- Updated:September 25, 2025 at 01:28 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:9
- Full bathrooms:7
- Half bathrooms:2
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Asphalt
- Lot area:0.52 Acres
Schools
- High school:Bloomington High School
- Middle school:Bloomington Jr High School
- Elementary school:Bent Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$725,000
- Tax amount:$9,986 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 1314 Fell Avenue
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