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$225,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 22 hours ago
See This Home
Save This Home
See This Home
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This well-located property presents a prime investment opportunity. This two-unit converted residential rental is situated directly across the street from the Illinois Wesleyan University Library and campus, and less than 500 feet from historic Franklin Park. Unit 1 offers two bedrooms and one bathroom, while Unit 2 features two or three bedrooms and one bathroom. Each unit has its own private entrance and access to a partially finished basement with shared laundry (approximately 9' x 10'). The basement includes finished rooms with storage, an egress window, and a bonus half bathroom. Additional highlights include extra off-street parking behind the house, a "through" driveway, and a storage shed. Major improvements include a new roof (2018), updated furnace and central air (2007), new front porch flooring (2025), refinished original hardwood floors (2025), all new interior paint, and new kitchen appliances in Unit 1. The property offers flexible income potential: rent by the room, lease by the unit, or owner-occupy one unit while renting the other. Utilities include shared water and electric. Conversion back to a single-family residence is also possible.

Full Property Details for 1018 N Prairie Street N

General

  • Price: $225,000
  • Taxes: $3,268 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12490661
  • Updated: 1/18/2026
  • Added to Site: 105 day(s) ago

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s)

Parking

  • Total Spaces: 4
  • Parking Features: Off-Street, Driveway, Additional Parking, Yes, Other

Location

  • Area: Bloomington
  • County: McLean
  • Township: City of Bloomi
  • Subdivision: Franklin Park
  • Driving Directions: Head south on N Linden St, to E Empire, left on corner of N Prairie and E Empire across the street from IWU library.

School Information

  • School District: 87
  • Elem School District: 87
  • Midd School District: 87
  • High School District: 87
  • Elementary School: Bent Elementary School
  • Middle School: Bloomington Jr High School
  • High School: Bloomington High School
  • Private School: Bloomington High School

Heating & Cooling

  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: American 4-Sq.
  • Architectural Style: American Foursquare
  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Foundation: Block
  • Roof: Asphalt
  • Year Built: 1915
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 51 x 107
  • Lot Features: Corner Lot
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1915
  • Tax Amount: $3,268
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 2104201008

Listed by BHHS Central Illinois, REALTORS

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— 1018 N Prairie Street N —

  • BHHS Central Illinois, REALTORS

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Schools serving 1018 N Prairie Street N

School District:Bloomington School District 87
NameGradesDistance
Bent Elementary School
904 North Roosevelt Avenue, Bloomington, IL 61701
K-50.3 mi
Bloomington Jr High School
901 Colton Avenue, Bloomington, IL 61701
6-80.8 mi
Bloomington High School
1202 East Locust Street, Bloomington, IL 61701
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1018 N Prairie Street N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2025
Listed
$225,000
45.16%
MLS
4/30/2013
Sold
$155,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1018 N Prairie Street N

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,276
—
$40,407
3%
2023
$3,268
10%
$39,101
12%
2022
$2,971
9%
$34,956
9%
2021
$2,720
—
$32,000
—
2020
$2,712
—
$32,000
—
2019
$2,704
—
$32,000
-5%
2019
$2,704
-5%
$33,667
—
2018
$2,834
—
$33,667
—
2017
$2,834
—
$33,667
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by BHHS Central Illinois, REALTORS

1018 N Prairie Street N, Bloomington, IL 61701 (MLS# 12490661) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 1018 N Prairie Street N is currently listed for $225,000 and was received on October 06, 2025. Want to learn more about 1018 N Prairie Street N? Do you have questions about finding other Multi-Family real estate for sale in Bloomington? You can browse all Bloomington real estate or contact a Coldwell Banker agent to request more information.

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