Properties

1122 N Madison Street, Bloomington, Indiana 47404-3448 MLS 202538505

0.20 acre - 1122 N Madison Street, Bloomington, Indiana 47404-3448

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Property Description

Prime Investment Opportunity! Don’t miss this rare chance to own a well-located multi-unit property at the corner of Madison and 16th Street. Zoned RM – Residential Multi Family. The property includes six 1-bedroom/1-bath apartments plus an attached 4-bedroom/1.5-bath house. Income Potential: Fully rented, the property generates approximately $6,350 per month. Tenant-Paid Utilities: Tenants are responsible for their own utilities, minimizing owner expenses. Appliances Included: Each apartment is equipped with a refrigerator and range; the house includes a refrigerator, range, washer, and dryer. Permits & Compliance: Occupancy permit for 35 in place and valid through 2/1/2028. Zoned RM. Showing Availability: Two apartments are currently vacant and available for immediate showings. Additional unit showings may be arranged for serious buyers. This property combines strong cash flow potential with a highly desirable location—perfect for both seasoned investors and those looking to expand their portfolio. The owner is open to bundling this property with other properties in his portfolio.

Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : 202538505
Price : $650,000
Bedrooms : 9
Rooms : 0
Bathrooms : 7
Half Bathrooms : 1
Year Built : 1945
Lot Area (ACRES) : 0.20
Total Finished SqFt : 4,416
Address Map
Country : US
State : IN
City : Bloomington
Area : Monroe County
Subdivision : None
Zipcode : 47404-3448
Street : Madison
Street Number : 1122
Postal Code : 3448
Floor Number : 0
Longitude : W87° 27' 45.4''
Latitude : N39° 10' 39.3''
Additional Details
Property SubType : Apartment building
List Agent : 10049
Listing Office 1 : 3214
Status : Cont-AccptngBackupOffers
Pool Y/N : No
Style : Two story
School District : Monroe county community school c
Elementary : Fairview
Middle School : Tri-north
High School : Bloomington north
Waterfront Y/N : No
New Construction : No
Lot Dimensions : Rectangular
# of Fireplaces : 3
Main Level SqFt : 0
Approx. Lot Size SqFt : 8,712
Total Baths : 8
Annual Taxes : $4,304
Association Dues $ : $0
Other Fees $ : $0
Road Surface : Asphalt
REO Y/N : No
Basement Y/N : Yes
Age : 80

Listing provided courtesy of: RE/MAX Acclaimed Properties, Alice Chastain.

Investment For Sale
  • Listing ID : 202538505
  • Bedrooms : 9
  • Bathrooms : 7
  • Lot Area (ACRES) : 0.20 acre
  • Visits : 0 in 43 days
$650,000
Agent info
Keith Realty & Auction Group
2411 River Road, Spencer, IN 47460
Contact Agent

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