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    905 Elder St Bloomington, IL 61701

    Pending
    For Sale
    $299,000

    Residential Income - Bloomington, IL

    Days on Market:
    35
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 905 Elder St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    2104231004
    Parking
    4

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1915
    Roof type
    Asphalt
    Architectural style
    Other

    Keller Williams Bloomington (309) 834-3400 [email protected]

    Listing agent Liz Franz (309) 834-3400 License #475199933

    Listing date Nov 11, 2025

    MLS# 12503439 Listing URL

    Copyright © 2025 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

    Bloomington Income Property Near Universities

    This is a 4-unit income-producing property with a mix of two 2-bedroom units and two 1-bedroom units. The property is located close to Illinois State University (ISU), Illinois Wesleyan University (IWU), and the Constitution Trail. Updates to the property include exterior painting, new furnaces in 2 units, and 2 updated bathrooms planned for 2025. A water heater was replaced in 2022. Four new windows were installed in 2021, and the roof was replaced in 2016. The property is suitable for investors seeking a stable addition to their portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Bloomington
    County
    McLean
    State
    Illinois
    Longitude
    -88.982929
    Latitude
    40.4863185

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained 4-unit property near ISU and IWU.
    Where is this quadplex located?
    The property is located at 905 Elder St Bloomington, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Fully rented 4-unit income property offering consistent occupancy and strong rental income.; - Convenient central location, with close proximity to ISU, IWU, and the Constitution Trail.; - Features a mix of two 2-bedroom units and two 1-bedroom units.
    (309) 834-3400
    Request Owner's contact information
    905 Elder St Bloomington, IL 61701
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    Bloomington, IL 61701
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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
    905 Elder St Bloomington, IL 61701
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