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Multifamily Property for Renovation

405 W Mulberry St, Bloomington, IL 61701

For Sale
New
$55,000

This multi-unit rental building requires repair and renovation work.

Property SizeContact for details
Days on Market6

Property Features for 405 W Mulberry St

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence in need of repairs and renovations

Building Details

Year Built 1910
Listing Agency: BHHS Central Illinois, Realtors
Listed By: Craig Buchanan Team
Source: Craigbuchananteam
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 5:13AM

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 BHHS Central Illinois, Realtors

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Investment Insights

Based on property information with market context.

Built in 1910, the property at 405 W Mulberry St is a multi-unit residential building that needs repairs and renovation. It is being sold in its current condition. One unit was rented most recently, establishing a prior rental history.

The property is near Downtown Bloomington, Illinois Wesleyan University, Bent Elementary School, and local shopping and dining.

Key Highlights

  • Multi‑unit residential property built in 1910
  • Repairs and renovation are needed; offered in its current condition
  • One unit has a history of rental occupancy

Property Analytics

Who owns this building? See the owner, sales and loan history
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Location Intelligence

Trade Area within ½ mile

1,561
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Multifamily properties in Bloomington

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - This multi-unit rental building requires repair and renovation work.
Where is this multifamily property located?
The property is located at 405 W Mulberry St Bloomington, IL.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: Multi‑unit residential property built in 1910; Repairs and renovation are needed; offered in its current condition; One unit has a history of rental occupancy
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