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$174,900

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 1 Car Garage
See This Home
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Smart investment opportunity in a great neighborhood! This two-unit property has been refreshed for market with brand new exterior paint and some touch ups, and is fully occupied for immediate rental income! The main floor unit offers 2 bedrooms and 1 bath and is leased through December 2026. The upper unit features 3 bedrooms and 1 bath and is currently leased through May 2026. Each unit has separate mechanicals, and tenants share convenient laundry facilities in the basement. A detached garage adds additional income potential with the option to lease separately. Whether you're starting or expanding your investment portfolio, this one checks all the right boxes! 24-hour notice required for all showings. Property sold as presented.

Full Property Details for 506 E Chestnut St

General

  • Price: $174,900
  • Taxes: $2,895 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12513210
  • Updated: 12/19/2025
  • Added to Site: 71 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 5

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 4
  • Parking Features: Yes, Garage Owned, Detached, Off-Street, Owned, Garage

Location

  • Area: Bloomington
  • County: McLean
  • Township: City of Bloomi
  • Subdivision: Not Applicable
  • Driving Directions: North Clinton Street to West on E. Chestnut

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: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Traditional
  • Architectural Style: Traditional
  • Construction: Conventional
  • Exterior Const.: Conventional
  • Basement: Yes
  • Basement Desc.: Unfinished, Partial
  • Roof: Asphalt
  • Year Built: 1915
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 155
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1915
  • Tax Amount: $2,895.12
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 2104229019

Listed by Keller Williams Revolution

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— 506 E Chestnut St —

  • Keller Williams Revolution

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 506 E Chestnut St

School District:Bloomington School District 87
NameGradesDistance
Bent Elementary School
904 North Roosevelt Avenue, Bloomington, IL 61701
K-50.6 mi
Bloomington Jr High School
901 Colton Avenue, Bloomington, IL 61701
6-80.5 mi
Bloomington High School
1202 East Locust Street, Bloomington, IL 61701
9-120.7 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 506 E Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/07/2025
Listed
$174,900
42.78%
MLS
3/03/2022
Sold
$122,500
—
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 506 E Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,895
—
$35,707
3%
2023
$2,888
10%
$34,553
12%
2022
$2,625
9%
$30,891
9%
2021
$2,403
—
$28,278
—
2020
$2,397
—
$28,278
—
2019
$2,390
—
$28,278
—
2018
$2,380
—
$28,278
—
2017
$2,381
—
$28,278
—
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 Keller Williams Revolution

506 E Chestnut Street, Bloomington, IL 61701 (MLS# 12513210) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 506 E Chestnut Street is currently listed for $174,900 and was received on November 07, 2025. Want to learn more about 506 E Chestnut Street? 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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