IL > Bloomington > Davis Addition
Bloomington, IL 61701,1314 Fell Avenue
Bloomington, IL 61701,1314 Fell Avenue
Bloomington, IL 61701,1314 Fell Avenue
Bloomington, IL 61701,1314 Fell Avenue
Bloomington, IL 61701,1314 Fell Avenue
Bloomington, IL 61701,1314 Fell Avenue
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Stephany Oliveros

Stephany Oliveros

+1(773) 904-0438
$ 725,000
Est. payment | /mo

8 Beds

0.52 Acres Lot

Save Virtual Tour
$ 725,000
Est. payment | /mo
Save Virtual Tour

8 Beds

0.52 Acres Lot

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

Lot Dimensions 150X150

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 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

Location

State IL

County Mclean

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

View Y/N true

Roof Type Asphalt

Building

Foundation Block, Brick/Mortar

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

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://vimeo.com/1097608525/1d8aa1b46a?ts=0&share=copy

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Patricia Hadley • RE/MAX Choice
advisor-avatar

+1(773) 904-0438

steph@chigroupre.com

Chicago, IL, 60618, United States

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1314 Fell Avenue