1314 Fell Avenue, Bloomington, Illinois 61701
$725,000
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For Sale
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| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $9,986 |
| Days On Market: | 69 |
| Lot Size: | 0,52 |
Description
Premier Multi-Family Investment Opportunity Near Illinois Wesleyan University! Don't miss this rare chance to own a fully leased, income-generating 8-bedroom duplex located just steps from Illinois Wesleyan University. This premier property is leased through May 2027, with active inquiries already coming in for the 2028 school year-offering investors long-term rental security and excellent cash flow potential. Thoughtfully remodeled throughout, this property features modern kitchens, updated bathrooms, and spacious bedrooms, many with private baths and enough room for home offices-ideal for today's student lifestyle. Steeped in history, the property sits within the White Place Historic District, developed in the late 1800s by S.R. White and known for its mature trees, elegant architecture, and charming streetscapes. Originally a single-family home and later serving as a sorority house for Illinois Wesleyan, the property now accommodates university students in a well-maintained and updated multi-family layout. Recent upgrades: retaining wall surrounding the unit replaced, furnaces, AC units, water heaters, and roof. Strong rental history, modern updates, and prime campus location make this a turn-key investment with immediate cash flow and long-term value. Whether you're expanding your portfolio or entering the student housing market, this is the investment you've been waiting for. Students are responsible for all bills except a minor utility bill for exterior lights which averages $45 a month. Unit 1: 2025-2026 deposit=$2600/rent=$2600 per month; 2026-2027 deposit=$2700/rent=$2700 per month; Unit 2: 2025-2026 deposit=$2600/rent=$2600 per month; 2026-2027 rent=$2900/deposit=$2900 per month
Property Specifics
| Multi-unit | |
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| No | |
| 0.52 |
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| Davis Addition | |
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| 12404931 | |
| 1433451027 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Bent Elementary School |
87 | — | |
|
Middle School
Bloomington Jr High School |
87 | Not in DB | |
|
High School
Bloomington High School |
87 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 26 Feb, 2024 | Sold | $625,000 | MRED MLS |
| 30 Jan, 2024 | Under contract | $625,000 | MRED MLS |
| — | Last price change | $725,000 | MRED MLS |
| 4 Nov, 2023 | Listed for sale | $775,000 | MRED MLS |
| 5 Jul, 2025 | Under contract | $725,000 | MRED MLS |
| 29 Jun, 2025 | Listed for sale | $725,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 9
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 150X150 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $8,110 |
| 2025 | $9,986 |
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