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Brick Multifamily Property
New
For Sale
$219,000

1503 Hovey Avenue, Normal, IL 61761

Residential Income, Normal, IL

Property SizeContact for details
Lot Size0.30 Acres
Days on Market5

Property Features for 1503 Hovey Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking 4
Parking features Owned, Off Street
Patio and Porch features Patio
Basement Crawl Space
Lot features Landscaped
Elementary school Oakdale Elementary
Middle school Kingsley Jr High
High school Normal Community West High Schoo
Elementary school district 5
Middle school district 5
High school district 5
Directions Main to west on Hovey about a block east of Cottage about 1 block on the south side of the street.
Subdivision Normal
Standard status Active
APN 1432205004
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3941

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

grilling area

Building Details

Year built 1972
Building materials Brick
Listing Agency: RE/MAX Choice · RE/MAX International
Listed By: Cindy Eckols · License #475130274
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 5 at 7:06PM
MLS# 12775558

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.

Investment Insights

Based on property information with market context.

Built in 1972, this brick multifamily property sits on a 0.3-acre lot. Updates include vinyl windows and tiled bathrooms, and the roof has been replaced more recently than the original construction. The property also has a patio and off-street parking.

Tenants pay their own utilities. The property is zoned MULTI and served by public water and sewer.

Key Highlights

  • 0.3‑acre lot
  • Brick construction; built in 1972
  • Updated vinyl windows and tiled bathrooms

Property Analytics

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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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Off-street parking and a patio complement the residential property.
Where is this multifamily property located?
The property is located at 1503 Hovey Avenue 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: 0.3‑acre lot; Brick construction; built in 1972; Updated vinyl windows and tiled bathrooms
More about this property
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