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    506 N Linden St Normal, IL 61761

    Sponsored
    For Sale
    $949,000

    MULTI_FAMILY - Normal, IL

    Lot size:
    0.40 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 6 at 10:06 pm

    Property Features for 506 N Linden St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 9, Bathroom 7, Bedroom 13, Bathroom 3, Bedroom 6, Bedroom 10, Bathroom 2, Bedroom 1, Bathroom 5, Bathroom 8, Bedroom 11, Bathroom 6, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 14, Bedroom 15, Bedroom 7, Bedroom 12, Bedroom 4, Bedroom 5, Bathroom 4
    Bedrooms
    15
    APN
    1427113001
    Lot size
    0.40 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Floors in Building
    2
    Number of units
    8
    Building materials
    Wood, Brick
    Roof type
    Composition

    RE/MAX Rising (309) 275-9333 [email protected]

    Listing agent Sean Bozarth (309) 261-1302

    Listing date Jan 1, 2026

    MLS# 12534583 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Multifamily Near Illinois State

    This well-maintained 8-unit multifamily property is located in a prime location, minutes from Illinois State University, offering a strong student rental market. The building features a mix of one- and two-bedroom units. A new roof was installed in 2024, along with numerous interior and exterior upgrades. These updates have positioned rents at nearly double their prior levels. The property is ideal for investors seeking a stabilized asset in a high-demand rental corridor. The location, quality improvements, and tenant base make this a compelling addition to any portfolio. The property is located in Normal, Illinois. The lot size is 0.4 acres. All numbers in this listing are based on rental projections for the 2026/27 school year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Normal
    County
    McLean
    State
    Illinois
    Longitude
    -88.982186
    Latitude
    40.514727

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    FAQs

    What type of property is this?
    Apartment building - 8-unit property near university with strong rental market.
    Where is this apartment building located?
    The property is located at 506 N Linden St Normal, IL.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: - Prime location near Illinois State University ensures a strong and consistent student rental market.; - New roof in 2024 minimizes future maintenance costs.; - Substantial rent increases (nearly double prior levels) demonstrate high tenant demand and income potential.
    (309) 261-1302
    Request Owner's contact information
    506 N Linden St Normal, IL 61761
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    Normal, IL 61761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 N Linden St Normal, IL 61761
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