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506 E Chestnut Street

Bloomington, IL 61701

5 beds
2 baths
– sqft
7,841 sqft lot
1915 build
– on site

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.

Listing courtesy of MRED / Keller Williams Revolution as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 18, 2025 •

MLS# 12341632 —

The Building

Year Built:

1915
Rebuilt:

No
New Construction:

false
Construction Materials:

Conventional
Architectural Style:

Traditional
Roof:

Asphalt
Basement:

Unfinished, Partial

Interior

Rooms Total:

8

Location

Directions:

North Clinton Street to West on E. Chestnut
Location:

97081

The Property

Parcel Number:

2104229019
Property Type:

Residential Income
Location:

C
Lot Size Dimensions:

50 X 155
Lot Size Acres:

0.18
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

2887.94

Beds

Bedrooms Total:

5
Bedrooms Possible:

5

Baths

Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Bent Elementary
Elementary School District:

87
Middle Or Junior School:

Bloomington Jr High School
Middle Or Junior School District:

87
High School:

Bloomington High School
High School District:

87

The Community

Subdivision Name:

Not Applicable

Parking

Parking Total:

4
Parking Features:

On Site, Garage Owned, Detached, Off Street, Owned, Garage
Garage Spaces:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/17/25 Apr 17, 2025	Listed / Active	MRED	$199,900
4/13/23 Apr 13, 2023	Sold Subject To Contingencies	MRED
4/10/23 Apr 10, 2023	Listed / Active	MRED

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This multifamily located in Bloomington, IL 61701 is currently for sale for $199,900. 506 E Chestnut Street is a – square foot multifamily with 5 beds and 2 baths that has been on Estately for 4 days. This multifamily is in the attendance area of Bloomington Jr High School, Bent Elementary School, and Bloomington High School.

Listing courtesy of MRED, Keller Williams Revolution, and Erin Burns as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Apr 18, 2025, 09:26 am. 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.