1314 Fell Avenue
Bloomington, IL 61701
Map
- 8 beds
- 9 baths
- – sqft
- ~1/2 acre lot
- – on site
Premier Multi-Family Investment Opportunity Near Illinois Wesleyan University! Don't miss this rare chance to own a fully leased, income-generating 8-bedroom duplex located just steps from Illinois Wesleyan University. This premier property is leased through May 2027, with active inquiries already coming in for the 2028 school year-offering investors long-term rental security and excellent cash flow potential. Thoughtfully remodeled throughout, this property features modern kitchens, updated bathrooms, and spacious bedrooms, many with private baths and enough room for home offices-ideal for today's student lifestyle. Steeped in history, the property sits within the White Place Historic District, developed in the late 1800s by S.R. White and known for its mature trees, elegant architecture, and charming streetscapes. Originally a single-family home and later serving as a sorority house for Illinois Wesleyan, the property now accommodates university students in a well-maintained and updated multi-family layout. Recent upgrades: retaining wall surrounding the unit replaced, furnaces, AC units, water heaters, and roof. Strong rental history, modern updates, and prime campus location make this a turn-key investment with immediate cash flow and long-term value. Whether you're expanding your portfolio or entering the student housing market, this is the investment you've been waiting for. Students are responsible for all bills except a minor utility bill for exterior lights which averages $45 a month. Unit 1: 2025-2026 deposit=$2600/rent=$2600; 2026-2027 deposit=$2700/rent=$2700 Unit 2: 2025-2026 deposit=$2600/rent=$2600; 2026-2027 rent=$2900/deposit=$2900
Last checked:
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Last updated Jun 29, 2025
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MLS# 12404931 —
The Building
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Rebuilt:No
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New Construction:false
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Construction Materials:Vinyl Siding, Brick
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Architectural Style:Traditional
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Roof:Asphalt
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Basement:Unfinished, Full
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Foundation Details:Block, Brick/Mortar
Interior
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Rooms Total:15
Location
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Directions:Emerson west to left on Fell ave
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Location:97023
The Property
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Parcel Number:1433451027
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Property Type:Residential Income
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Location:A,D
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Lot Size Dimensions:150X150
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Lot Size Acres:0.52
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Zoning:MULTI
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (309) 663-6128
- Office phone:
- (309) 664-8500
Taxes
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Tax Year:2023
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Tax Annual Amount:9986
Beds
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Bedrooms Total:8
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Bedrooms Possible:8
Baths
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Baths:9
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Full Baths:7
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Half Baths:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Bent Elementary
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Elementary School District:87
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Middle Or Junior School:Bloomington Jr High School
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Middle Or Junior School District:87
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High School:Bloomington High School
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High School District:87
The Community
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Subdivision Name:Davis Addition
Parking
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Parking Total:15
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Parking Features:Parking Lot, On Site, Owned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/29/25
Jun 29, 2025
|
Listed / Active | MRED | $725,000 | 16.0% (11.9% / YR) |
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2/26/24
Feb 26, 2024
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MRED | $625,000 | ||
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1/31/24
Jan 31, 2024
|
MRED | $625,000 |
