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Showcase Indiana Real Estate
1122 N Madison St, Bloomington, IN 47404-3448
- $550,000
- 9
- BD
- 8
- BA
- 4,416
- SqFt
Listing courtesy of Alice Chastain from RE/MAX Acclaimed Properties. Cell: 812-322-6256
Selling Office: Griffin Realty Holdings LLC.- Sold Price
- $550,000
- List Price
- $650,000
- Status
- CLOSED
- MLS#
- 202538505
- Closing Date
- Jan 16, 2026
- Year Built
- 1945
- Days On Market
- Unknown
- Bedrooms
- 9
- Bathrooms
- 8
- Half-baths
- 1
- Living Area
- 4,416
- Township
- Bloomington
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 $6,200 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 to expand their portfolio. The owner is open to bundling this property with other properties in his portfolio.
Additional Information
- Acres
- 0.20
- Taxes
- $6,520
- Lot Features
- Corner Lot
- Water
- Public
- Heating
- Natural Gas, Forced Air
- Cooling
- Window/Wall
- Flooring
- Carpet, Vinyl, Wood
- School District
- Monroe County Community School Corp.
- Elementary School
- Fairview
- Middle School
- Tri-North
- High School
- Bloomington North
- Agent Name
- Alice Chastain
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 