Steel-Sided
815 E Jefferson Street, Bloomington, IL 61701
For Sale
$210,000
Separate utility service, including water, supports the building’s two residential units.
Property Size2,360 SF
Price / SF$88.98
Days on Market22
Property Features for 815 E Jefferson Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Unfinished,Partial
2
4
309-531-5650
Level,Other
Public
35 X 115
0.09
No
Unassigned,Off Street,Yes,Other
Building Details
Year Built
Construction
Listing Agency:
(309) 808-2125
Listed By:
Amy Miller
Source:
Core3re
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 2:57PM
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 Amy Miller
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Investment Insights
Based on property information with market context.
The duplex at 815 E Jefferson Street in Bloomington contains 2,360 square feet and dates to 1906. Steel siding covers the exterior, and the lower level provides access to a basement. Utility service is split between the units, including water service.
Unit 1 is occupied on a month-to-month basis. Unit 2 has a lease term through January 31, 2027.
Unit 1 is occupied on a month-to-month basis. Unit 2 has a lease term through January 31, 2027.
Key Highlights
- 2,360‑square‑foot duplex built in 1906
- Steel siding on the exterior
- Utilities are split between units, including water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,433
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,660
$328.7K
Cap Rate 7%
$234,757
$234.8K
Cap Rate 9%
$182,589
$182.6K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$24.4K $10.32/SF
− Vacancy
−$879 −$0.37/SF
EGI
$23.5K $9.95/SF
− OpEx
−$7.0K −$2.98/SF
NOI
$16.4K $6.96/SF
Area
McLean County, IL
Vacancy
3.61%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,660
Cap Rate 7%
$234,757
Cap Rate 9%
$182,589
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.4K – $273.9K
NOI $16,433 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,385 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,437 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility service, including water, supports the building’s two residential units.
Where is this duplex located?
The property is located at 815 E Jefferson Street Bloomington, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2,360‑square‑foot duplex built in 1906; Steel siding on the exterior; Utilities are split between units, including water
