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Two 4-Unit Apartment Buildings
New
For Sale
$649,900

202-204 Lindell Drive, Normal, IL 61761

COMMERCIAL - Normal, IL

Property SizeContact for details
Lot Size0.44 Acres
Days on Market6

Property Features for 202-204 Lindell Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning R3W
Parking 12
Directions E. Vernon to South on S. Linden to East on Lindell. Property is on the North side of the road.
Standard status Active
APN 14-27-356-002
Lot size 0.44 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LINDELL SUB LOT 2 & 3
Tax Annual Amount 11939
Legal Description LINDELL SUB LOT 2 & 3

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Window Unit(s), Wall/Window Unit(s)

Amenities

community washer/dryer

Building Details

Year built 1970
Floors in Building 2
Number of units 8
Flooring type Carpet, Tile
Building materials Brick, Frame
Roof type Composition
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Ryan Blackorby · License #471009786
Added: Aug 13 Changed: Aug 16 Last Checked: Aug 18 at 3:06AM
MLS# PA1269253

Copyright © 2026 RMLS Alliance. 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.

This multifamily property includes two four-unit buildings with eight total apartments. Each building contains three two-bedroom, one-bath units and one one-bedroom, one-bath unit. The improvements include brick and frame construction, tile and carpet flooring, hot-water heat, window and wall-unit cooling, composition roofing, and public sewer service. Community laundry equipment is available for residents.

Recent work includes new windows, window A/C units, and front doors completed in 2022. Approximately one-third of the refrigerators, stoves, and dishwashers have been replaced since 2022. Three units have received kitchen cabinet improvements, while three bathrooms were remodeled within the last five years. Unit 204 has a water heater installed in 2025 and new heat registers from 2022.

The property occupies 0.44 acres at 202-204 Lindell Drive in Normal, Illinois, within R3W zoning. Illinois State University, dining, shopping, parks, and schools are located minutes away.

Key Highlights

  • Two 4‑unit buildings provide 8 total apartments
  • Unit mix includes six 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
  • New windows, window A/C units, and front doors completed in 2022

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Accounting Firm

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

936
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit residential property with updated windows, select appliances, remodeled bathrooms, and shared laundry facilities.
Where is this apartment building located?
The property is located at 202-204 Lindell Drive Normal, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two 4‑unit buildings provide 8 total apartments; Unit mix includes six 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; New windows, window A/C units, and front doors completed in 2022
More about this property
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