Building Details

Year Built 1972

Listing Agency: RE/MAX Choice

Listed By: Craig Buchanan Team Show Phone

Source: Craigbuchananteam

Added: Oct 4 Last Checked: Oct 4 at 2:11PM

Report an Issue

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 RE/MAX Choice

Investment Insights

Based on property information with market context.

This multifamily property offers two-bedroom, one-bathroom units. Interior updates include vinyl windows and tiled bathrooms, and the building has a newer roof. The property also includes a large parking area and an outdoor grilling space.

Built in 1972, the property is located in Normal, Illinois. Tenants are responsible for their utility costs.

Key Highlights

• Two‑bedroom, one‑bathroom units
• Updated vinyl windows and tiled bathrooms
• Newer roof

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Dental Office Grocery & Convenience Store Nail Salon

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Brick Multifamily Property

1503 Hovey Avenue, Normal, IL 61761

$219,000

0.30 Acres

View details

Duplex with Sunroom

1011 Franklin Avenue, Normal, IL 61761

$199,000

View details

Duplex with Detached Garage

201 S Towanda Ave, Normal, IL 61761

$339,900

View details

Student Housing Apartment Community

120 McKnight Street, Normal, IL 61761

Contact for pricing

View details

Renovated Multifamily Property

1007 Charlotte Drive, Normal, IL 61761

Contact for pricing

View details

Apartment Development Property

300 E Shelbourne Dr, Normal, IL 61761

Contact for pricing

View details

Flex Property with Showroom

613 Oglesby Avenue, Normal, IL 61761

$379,900

0.55 Acres

View details

Medical Office Space with Treatment Rooms

208 parkinson Street, Normal, IL 61761

$650,000

0.56 Acres

View details

Remodeled Restaurant With Commercial Kitchen

1501 N Main Street, Normal, IL 61761

$725,000

View details

Industrial Flex Building with Gyms

419 North Kays Drive, Normal, IL 61761

$1,995,000

View details

Medical-Anchored Multi-Tenant Retail

1531 E College Ave, Normal, IL 61761

Contact for pricing

9,120 SF

View details

Automated Distribution Center

101 S Unit Dr, Normal, IL 61761

Contact for pricing

200,000 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Residents pay their own utility costs, with a large parking area and outdoor space for grilling.

Where is this multifamily property located?

The property is located at 1501 Hovey Ave Normal, IL.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: Two‑bedroom, one‑bathroom units; Updated vinyl windows and tiled bathrooms; Newer roof