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1314 Fell Avenue, Bloomington, IL 61701

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For Sale
Sale Pending

$725,000

8 beds

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

Explore this Property

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
MLS# 12404931

Courtesy Of RE/MAX CHOICE

(309) 664-8500

Property Features

  • Architecture Style
    New Traditional
  • Lot Size
    0.52 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 1314 Fell Avenue, Bloomington, IL 61701

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CENTURY 21 Quest

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Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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