Discover a rare opportunity to acquire a well-positioned 24-unit multifamily property located at 2002-2004 Rainbow Avenue in the heart of Bloomington, IL. Centrally located and just minutes from major employers, shopping centers, universities, and local attractions, this property offers both strong current cash flow and significant upside potential. The unit mix includes a combination of renovated apartments currently achieving premium rental rates, alongside non-renovated units renting at $100–$300 below market, creating a clear and immediate value-add opportunity for investors. Renovated units feature modern finishes, updated kitchens and baths, and upgraded flooring, setting the standard for future renovations and rent increases. With strong rental demand in the area and continued growth in Bloomington’s housing market, this property represents an ideal investment for multifamily investors seeking a mix of stability and potential. For further financial information, please reach out to the list broker.