Search
Multifamily Apartment Building
For Sale
$225,000

508 W Washington St, Bloomington, IL 61701

Ongoing upkeep includes interior cleaning, painting, pest control, and yard maintenance.

Property SizeContact for details
Days on Market16

Property Features for 508 W Washington St

General Information

Standard status Active

Property Condition

Severity Repairs Needed
Evidence Window units do not work

Taxes and HOA fees

Annual Taxes $2,654
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Stephen Sovereign
Source: Exprealty
Added: Oct 8 Changed: Oct 21 Last Checked: Oct 20 at 10:39PM

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

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This multifamily property has ongoing painting, cleaning, pest control, and yard maintenance. An employee occupies unit 2, which is not represented on a rent roll. Window air-conditioning units are nonfunctional; the property is being sold as-is, and the seller can remove the units if requested.

The property is described as suitable for downtown workers and people who use public transportation.

Key Highlights

  • Unit 2 is occupied by an employee and is not included on a rent roll
  • Painting, cleaning, pest control, and yard care are ongoing
  • Window air‑conditioning units do not work; seller can remove them upon request

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

1,552
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
View Realmo Analytics

Market

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 - Ongoing upkeep includes interior cleaning, painting, pest control, and yard maintenance.
Where is this multifamily property located?
The property is located at 508 W Washington St Bloomington, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Unit 2 is occupied by an employee and is not included on a rent roll; Painting, cleaning, pest control, and yard care are ongoing; Window air‑conditioning units do not work; seller can remove them upon request
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved