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1122 N Madison Street, Bloomington, IN 47404

Local realty services provided by:CENTURY 21 Circle
1122 N Madison Street,Bloomington, IN 47404
$650,000
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  • 9 Beds
  • 8 Baths
  • 4,416 sq. ft.
  • Multi-family
  • Pending
Listed by: alice chastain, david chastainCell: 812-322-6256
Office: re/max acclaimed properties
MLS#:202538505
Source:Indiana Regional MLS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$124.28

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:111 day(s) ago
  • Updated:January 13, 2026 at 08:28 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Full bathrooms:7
  • Living area:4,416 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1945
  • Building area:4,416 sq. ft.
  • Lot area:0.2 Acres

Schools

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

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$124.28
  • Tax amount:$4,304
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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