622 East Locust Street

Bloomington, IL 61701

$150,000
Price
4
Beds
4
Baths
3,182 Sq. Ft.
$47 / Sq. Ft.
3,182
Sq. Ft.
$47
per Sq. Ft.

Description

Attention Investors! Check this one out! This 4-unit apartment house has so much potential! All units contain one bedroom, one bathroom, living room and kitchen. Conveniently located close to downtown Bloomington, parks, and the Constitution Trail. There have been some updates, but property needs some minor repairs. Roof - 2022, Almost all windows have been replaced in last 5 years, fuse boxes converted to breaker boxes, some flooring updated, emergency exit door on #1 and #3 replaced-2023. 3 of...Attention Investors! Check this one out! This 4-unit apartment house has so much potential! All units contain one bedroom, one bathroom, living room and kitchen. Conveniently located close to downtown Bloomington, parks, and the Constitution Trail. There have been some updates, but property needs some minor repairs. Roof - 2022, Almost all windows have been replaced in last 5 years, fuse boxes converted to breaker boxes, some flooring updated, emergency exit door on #1 and #3 replaced-2023. 3 of the 4 units are rented. Tenants have all been there for 5-7 years, and rents have not been raised, so current rents are very low for this market. Heat and water is paid by landlord, so these units should rent pretty easily for $700-750/mo or more. All interior pics are from prior to units being rented. Property is being sold "as-is". 24 hour notice required for viewing. Agent Interest.
  1. Listed by Jay Ricketts • RE/MAX Choice

Property Details for 622 East Locust Street

Area
Bloomington
Subdivision
Not Applicable
Township
City of Bloomi
Ownership
Fee Simple
Num Of Parking Spaces
6.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Architectural Style
Traditional

Location

Listing Courtesy of RE/MAX Choice
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LISTING UPDATED: 04/23/2024 04:31 PM

Property Details for 622 East Locust Street

StatusPending
MLS #12028839
Days on Market5
Taxes$3,108 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / Converted Residence
Year Built1920
Lot Size0.16 AC / 6,975 SF
CountyMcLean County

Location

Listing Courtesy of RE/MAX Choice
Add your commute

Building Information for 622 East Locust Street

Stories-Residences4Year Built1920Building Size-Lot Size0.16 AC / 6,975 SF

Payment Calculator

$1,078 per month

30 year fixed, 7.25% Interest

Principal and Interest

$819

Property Taxes

$259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 622 East Locust Street

General Information
School Information
  • Elementary School District: 87
  • Elementary School: Bent Elementary
  • Jr High Middle School: Bloomington Jr High School
  • High School District: 87
  • High School: Bloomington High School
  • Middle Or Junior School District: 87
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Alley, Off Street, Driveway
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 6.0
Location and General Information
  • BNAR Zoning: R2
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Partial
  • Bedrooms Possible: 4
  • Basement Description: Unfinished, Crawl
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Water Heater-Gas
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 45 X 155
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • Foundation Details: Block, Brick/Mortar
  • General Information: Commuter Bus
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: No
  • Conversion: N
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2024-04-17T22:31:56
  • Photos Count: 15
  • Deconversion: N
  • Relist: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $553.00
  • Fuel Expense: $2,707.00
  • Gross Income: $24,900.00
  • Insurance Expense: $3,600.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $11,786.00
  • Water Sewer Expense: $2,646.00
  • Other Expenses $: 500
Unit 1
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MO-MO
Unit 2
  • Unit Type Actual Rent: $525.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MO-MO
Unit 3
  • Unit Type Actual Rent: $475.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MO-MO
Unit 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: VAC.

Property History for 622 East Locust Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 622 East Locust Street

Taxable ValueLand$5,536Additions$31,045Total$36,581
Tax Record2022$3,109 ($259 / month)
Home Facts
Beds4Total Finished SqFt2,477 SqFtAbove Grade Finished SqFt2,477 SqFtStories2Lot Size6,955 SqFtStyleSingle Family ResidenceYear Built1920CountyMCLEANAPN21-04-233-019

Schools near 622 East Locust Street

This home is within Bloomington School District 87.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Bent Elementary School
PublicK to 5

Bloomington Jr High School
Public6 to 8

Bloomington High School
Public9 to 12

Holy Trinity Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Choice

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/23/2024 04:31 PM. 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.