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$250,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Total Beds
  • 2 Car Garage
See This Home
Save This Home
See This Home
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Location! All brick ranch duplex located at the corner of Prospect and Grandview (one block north of Oakland Ave). This is an estate being sold as is but in great condition. 2 bedrooms and 1 bath each with partially finished basements. Laundry in the basement. Great space with some updates in front unit flooring in bathroom, hallway and basement family room. HVAC replaced in 2002 and one AC in 2011. The unit on Grandview side has a generator. 2 car detached garage with interior wall gives each renter their own space. The property is on Septic but can be connected to city sewer across the street. One tenant would like to remain and the other tenant will vacate by Dec 31st. Rents could be increased substantially. Tenants will be present at all showings and will need 24 hour notice. Don't miss out on this opportunity to invest or live on one side and rent the other!

Full Property Details for 500 S Prospect Rd

General

  • Sold For: $250,000
  • Taxes: $6,233 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12513981
  • Added to Site: 67 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: School Bus Service

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Bloomington
  • County: McLean
  • Subdivision: Not Applicable
  • Driving Directions: Corner of Prospect and Grandview, one block north from Oakland Ave

School Information

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

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Water: Public

Structural Information

  • Architectural Style: Ranch
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: Partially Finished, Full
  • Year Built: 1975
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 154 x 145
  • Lot Features: Corner Lot
  • Zoning: OTHER

Financial Considerations

  • Assessment Year: 1975
  • Tax Amount: $6,233.72
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 2102455004

Listed by Coldwell Banker Real Estate Group
Sold by RE/MAX Rising

Listing agents

— 500 S Prospect Rd —

  • Coldwell Banker Real Estate Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 500 S Prospect Rd

School District:Bloomington School District 87
NameGradesDistance
Oakland Elementary School, Bloomington, IL
1605 East Oakland Avenue, Bloomington, IL 61701
K-51 mi
Bloomington Jr High School
901 Colton Avenue, Bloomington, IL 61701
6-81.6 mi
Bloomington High School
1202 East Locust Street, Bloomington, IL 61701
9-121.5 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 500 S Prospect Rd

Date
Details
Price
Change
Source
12/30/2025
Sold
$250,000
-12.28%
MLS
11/10/2025
Listed
$285,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker Real Estate Group
Sold by RE/MAX Rising

500 S Prospect Road, Bloomington, IL 61704 (MLS# 12513981) is a Multi-Family property that was sold at $250,000 on December 30, 2025. Want to learn more about 500 S Prospect Road? 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.