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Dawn Evans

dawn@theevansrealtygroup.com +1(812) 327-8878

$ 650,000

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1122 N Madison Street Bloomington, IN 47404-3448

9 Beds

8 Baths

4,416 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment Building

Listing Status Active

Purchase Type For Sale

Square Footage 4,416 sqft

MLS Listing ID 202538505

Style Two Story

Bedrooms 9

Full Baths 7

Half Baths 1

Abv Grd Liv Area 4,416

Total Fin. Sqft 4416

Year Built 1945

Annual Tax Amount $1

Tax Year 2025

Lot Size 8,712 Sqft

Property Sub-Type Apartment Building

Property Description

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 $6,350 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 to expand their portfolio. The owner is open to bundling this property with other properties in his portfolio.

Location

State IN

County Monroe County

Area Monroe County

Zoning RM - Residential Multifamily

Direction GPS Friendly. At the corner of N Madison and 16th Street.

Rooms

Family Room 750 x 750

Dining Room 0 x 600

Kitchen , 750 x 750

Interior

Flooring Carpet, Vinyl Tile, Wood

Fireplaces Number 3

Appliance Building

Laundry , 8

Exterior

Garage Spaces 1.0

Fence None

Amenities Available Off Street Parking, Near Walking Trail, Countertops-Laminate

Waterfront Description Creek

Total Parking Spaces 8

Building

Lot Description Corner, 0-2.9999

Story 2

Structure Type Brick,Other

New Construction No

Schools

Elementary Schools Fairview

Middle Schools Tri-North

High Schools Bloomington North

School District Monroe County Community School Corp.

Others

Financing Cash,Conventional

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IDX information provided by the Indiana Regional MLS

Listed by Alice Chastain • RE/MAX Acclaimed Properties • Cell: 812-322-6256

Dawn Evans

Real Estate Broker/Realtor | RB19001118

+1(812) 327-8878

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Dawn Evans

1122 N Madison Street Bloomington, IN 47404-3448

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1122 N Madison Street