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$3,175,000

  • Sold
  • Closed
  • Commercial
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Presenting a rare opportunity to acquire a 35-unit multifamily property located at 717-719 Fairmont Drive in Bloomington, Illinois. This well-maintained complex is fully rented and features a desirable mix of popular 1- and 2-bedroom units, many of which have been upgraded with modern finishes, including luxury vinyl plank (LVP) flooring. Situated on Bloomington's east side, the property enjoys strong rental demand with historically low vacancy rates, making it an easy-to-rent asset in a solid rental market. Residents benefit from on-site laundry facilities and proximity to schools, shopping, dining, and major transportation routes.

Full Property Details for 717-719 Fairmont Dr

General

  • Sold For: $3,175,000
  • Taxes: $47,690 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12351251
  • Added to Site: 249 day(s) ago

Location

  • Area: Bloomington
  • County: McLean
  • Driving Directions: From S. on Veterans Pkwy. E. on Oakland; S. on Eldorado; L. on Arcadia; R. on Arcadia

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Structural Information

  • Stories/Levels: 1
  • Year Built: 1972
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 35
  • Units w/Range/Oven: 35

Lot Features

  • Lot Size (Acres): 1.54
  • Lot Dimensions: 154 x 177 x 201 x 186 x 288
  • Zoning: MULTI

Financial Considerations

  • Operating Expenses: $131,051
  • Assessment Year: 1972
  • Tax Amount: $47,690
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 2111251019

Listed by RE/MAX Rising
Sold by RE/MAX Choice

Listing agent

— 717-719 Fairmont Dr —

  • RE/MAX Rising

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 717-719 Fairmont Dr

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
6-81.8 mi
Bloomington High School
1202 East Locust Street, Bloomington, IL 61701
9-121.7 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 717-719 Fairmont Dr

Date
Details
Price
Change
Source
7/31/2025
Sold
$3,175,000
2.42%
MLS
5/14/2025
Listed
$3,100,000
—
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 RE/MAX Rising
Sold by RE/MAX Choice

717-719 Fairmont Drive, Bloomington, IL 61704 (MLS# 12351251) is a Commercial property that was sold at $3,175,000 on July 31, 2025. Want to learn more about 717-719 Fairmont Drive? Do you have questions about finding other Commercial real estate for sale in Bloomington? You can browse all Bloomington real estate or contact a Coldwell Banker agent to request more information.