Multi-Family Portfolio Multi-Family FOR SALE


Bloomington, IL
$1,495,000 USD
309-824-0507
, Bloomington, IL for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/1
null | 9.33% Cap Rate

Multi-Family Portfolio
Bloomington, IL


HIGHLIGHTS

  • Portfolio of 10 properties with 24 total units, nearly 100% occupied.
  • Professionally managed with many recent updates and improvements.
  • Located in Bloomington-Normal, a growing market with strong economic drivers.
  • Immediate income with upside potential through rent adjustments.
  • Turn-key, low-maintenance investment with strategic updates completed.

OVERVIEW

This offering presents a rare opportunity to acquire a stabilized, income-producing multifamily portfolio in Bloomington, Illinois. The portfolio consists of 10 properties totaling 24 units, strategically located within a thriving community that serves as a financial, manufacturing, and educational hub in Central Illinois. Bloomington-Normal is home to major employers such as State Farm Insurance, Rivian Automotive, and Illinois State University, creating a strong and diverse economic base that supports consistent rental demand. The properties are nearly 100% occupied, with rents at or slightly below market rates, providing immediate income and upside potential through strategic rent adjustments. Professionally managed and recently updated, the portfolio includes duplexes, triplexes, and a four-unit building, offering a mix of unit types to attract a broad tenant base. Recent improvements include new appliances, luxury vinyl plank flooring, fresh paint, and ongoing maintenance, ensuring low operational risk and reduced capital expenditure for new ownership. With a net operating income of $139,430 and a cap rate of 7.5%, this investment delivers both stability and growth potential. Bloomington’s strong rental market, combined with its proximity to major highways (I-39, I-55, and I-74) and easy access to Chicago, St. Louis, and Indianapolis, makes this portfolio an exceptional long-term investment opportunity.

ASK ABOUT THIS PROPERTY

Laura PrittsAXIS 360 Commercial Real Estate SpecialistsMore Info
309-824-0507

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Laura PrittsAXIS 360 Commercial Real Estate SpecialistsMore Info
309-824-0507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.