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Renovated Multifamily Property
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1007 Charlotte Drive, Normal, IL 61761

Renovated units provide a refreshed residential income property with access to Illinois State University, Heartland Community College, and Rivian Automotive.

Property SizeContact for details
Days on Market5

Property Features for 1007 Charlotte Drive

General Information

Standard status Active
Property subtype Multifamily
Net Operating Income $21,065

Building Details

Units 4
Tenancy Multi
Listing Agency: Axis 360 Commercial Real Estate Specialists
Listed By: Laura Pritts · License #IL471201573
Source: Crexi
Added: Aug 7 Changed: Aug 11 Last Checked: Aug 11 at 2:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Axis 360 Commercial Real Estate Specialists

Investment Insights

Based on property information with market context.

Located at 1007 Charlotte Drive in Normal, Illinois, this multifamily property features renovated units and access to several prominent local institutions and employers. The surrounding area includes Illinois State University, Heartland Community College, and Rivian Automotive, giving the property a location connected to established education and employment centers.

Key Highlights

  • Renovated multifamily units
  • Access to Illinois State University, Heartland Community College, and Rivian Automotive
  • Located at 1007 Charlotte Drive in Normal, IL

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

315
Businesses Nearby

Demographics for 61761, IL

53,045
Population
22,037
Households
2.4
Avg Household Size
28
Median Age
52%
College-Educated
98%
High-School Grad
42.6 sq mi
ZIP Area
1,245
Density / Sq Mi
$66,642
Median Household Income
$28,606
Median Earnings
$976
Median Rent
$200,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Renovated units provide a refreshed residential income property with access to Illinois State University, Heartland Community College, and Rivian Automotive.
Where is this multifamily property located?
The property is located at 1007 Charlotte Drive Normal, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated multifamily units; Access to Illinois State University, Heartland Community College, and Rivian Automotive; Located at 1007 Charlotte Drive in Normal, IL
(309) 270-1565 Call to check price and availability
More about this property
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