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All-Brick Four-Unit Townhouse Buildings
New
For Sale
$399,900

312 Riley Drive, Bloomington, IL 61701

Two 4-unit all-brick buildings offer townhouse-style units with full basements and laundry hookups.

Days on Market4

Property Features for 312 Riley Drive

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 8

Building Details

Year Built 1968
Year Renovated 2015
Tenancy Multi
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Caroline Bird · License #MRD970159
Source: Lewkepartners
Added: Jul 27 Changed: Jul 28 Last Checked: Jul 30 at 3:14AM

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 Coldwell Banker Real Estate Group

Investment Insights

Based on property information with market context.

For sale as a package, 312 and 314 Riley Drive present two separate 4-unit, all-brick buildings. The units are townhouse style and include a full basement with laundry hook-ups available in each unit.

Each unit is configured with 2 bedrooms and 1.5 baths. The roof on the buildings was replaced in 2015.

Additional information regarding lease amounts and lease dates is currently awaiting confirmation. All information is believed to be accurate but is not guaranteed.

Key Highlights

  • Two 4‑unit all‑brick buildings at 312 and 314 Riley Drive (purchase both).
  • Townhouse‑style units; each unit includes a full basement with laundry hookups.
  • Unit layout: 2 bedrooms and 1.5 bathrooms per unit.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Grocery & Convenience Store Acupuncture Butcher Carpet & Flooring 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.

Lease Details

8
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,207
Businesses Nearby

Demographics for 61701, IL

34,497
Population
18,038
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,136
Density / Sq Mi
$55,882
Median Household Income
$37,674
Median Earnings
$873
Median Rent
$138,600
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?
Quadplex - Two 4-unit all-brick buildings offer townhouse-style units with full basements and laundry hookups.
Where is this quadplex located?
The property is located at 312 Riley Drive Bloomington, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 4‑unit all‑brick buildings at 312 and 314 Riley Drive (purchase both).; Townhouse‑style units; each unit includes a full basement with laundry hookups.; Unit layout: 2 bedrooms and 1.5 bathrooms per unit.
More about this property
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