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1122 N Madison Street, Bloomington, IN 47404

Bloomington
Local realty services provided by:CENTURY 21 Affiliated
1122 N Madison Street,Bloomington, IN 47404
$550,000
  • 9 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: alice chastain, david chastainCell: 812-322-6256
Office: re/max acclaimed properties
MLS#:202538505
Source:Indiana Regional MLS

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Price summary

  • Price:$550,000

About this home

Prime Investment Opportunity! Don’t miss this rare chance to own a well-located multi-unit property at the corner of Madison and 16th Street. Zoned RM - Residential Multi Family. The property includes six 1-bedroom/1-bath apartments plus an attached 4-bedroom/1.5-bath house. Income Potential: Fully rented, the property generates approximately $6,200 per month. Tenant-Paid Utilities: Tenants are responsible for their own utilities, minimizing owner expenses. Appliances Included: Each apartment is equipped with a refrigerator and range; the house includes a refrigerator, range, washer, and dryer. Permits & Compliance: Occupancy permit for 35 in place and valid through 2/1/2028. Zoned RM. Showing Availability: Two apartments are currently vacant and available for immediate showings. Additional unit showings may be arranged for serious buyers. This property combines strong cash flow potential with a highly desirable location—perfect for both seasoned investors and those looking...

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Home facts

  • Year built:1945
  • Listing ID #:202538505
  • Added:174 day(s) ago
  • Updated:March 17, 2026 at 06:31 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Full bathrooms:7
  • Flooring:Carpet, Vinyl Tile, Wood
  • Basement Description:Crawl, Partial Basement

Heating and cooling

  • Cooling:Window
  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1945
  • Lot Features:Corner
  • Architectural Style:Two Story
  • Construction Materials:Brick
  • Exterior Features:Near Walking Trail
  • Levels:2 Stories

Schools

  • High school:Bloomington North
  • Middle school:Tri-North
  • Elementary school:Fairview

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$550,000
  • Tax amount:$4,304

Features and amenities

  • Amenities:Countertops-Laminate

Parking

  • Parking description:Off Street Parking
  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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