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Executive Summary

Excellent opportunity to acquire a fully leased 6-unit multifamily investment property in a desirable Bloomington location. Conveniently situated just off Route 9/Empire, the property provides tenants with easy access to shopping, dining, employment centers, and everyday amenities. This well-maintained asset offers stable occupancy and strong income potential, making it an attractive addition to any investment portfolio. Tenant amenities include on-site laundry facilities and garage parking for select units. Utilities are included in the rent, with tenants contributing utility reimbursements to help offset operating expenses. The property is currently professionally managed, providing a streamlined ownership experience. Whether you're looking to expand your portfolio or acquire a turnkey multifamily investment, this property presents an excellent opportunity in one of Bloomington's established rental markets.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $510,000
Price Per Unit $85,000
Sale Type Investment
Cap Rate 8.50%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Building Class C
Lot Size 0.18 AC
Building Size 7,840 SF
Average Occupancy 100%
No. Stories 2
Year Built 1960
Parking Ratio 0.51/1,000 SF
Zoning R-3A

Amenities

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
14-34-480-010
Land Assessment
$15,546 (2024)
Improvements Assessment
$85,738 (2024)
Total Assessment
$101,284 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
  • Listing ID: 40744550

  • Date on Market: 6/1/2026

  • Last Updated:

  • Address: 221 Robinhood Ln, Bloomington, IL 61701

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