Log In/Sign Up
Your email has been sent.
501 Lutz rd - The Vista at Wittenberg 56 Unit Apartment Building Offered at $11,900,000 at a 6.13% Cap Rate Bloomington, IL 61704
Executive Summary
Introducing an exciting new multifamily community coming to Bloomington, new construction in 2026 - The Vista at Wittenberg, located at 501 Lutz Road. Thoughtfully planned, all development and site work have already been completed, providing a streamlined path to construction and delivery.
This 56-unit development will offer a balanced mix of modern living spaces, including 16 spacious 1-bedroom units and 40 well-designed 2-bedroom units, ideal for residents seeking convenience, comfort, and style. Interior features of the units include LVT flooring, granite countertops and upscale appliances, along with a designated in-home office space.
The Vista at Wittenberg development offers an attractive opportunity for future residents and multifamily investors alike.
Disclaimer: All photos and floor plans are conceptual renderings. Actual building design, finishes, and layouts may differ.
This 56-unit development will offer a balanced mix of modern living spaces, including 16 spacious 1-bedroom units and 40 well-designed 2-bedroom units, ideal for residents seeking convenience, comfort, and style. Interior features of the units include LVT flooring, granite countertops and upscale appliances, along with a designated in-home office space.
The Vista at Wittenberg development offers an attractive opportunity for future residents and multifamily investors alike.
Disclaimer: All photos and floor plans are conceptual renderings. Actual building design, finishes, and layouts may differ.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,550 | - |
| 2+1 | 40 | $1,850 | - |
1 1
Property Taxes
| Parcel Number | 21-17-451-007 | Improvements Assessment | $0 (2024) |
| Land Assessment | $1,759 (2024) | Total Assessment | $1,759 (2024) |
Property Taxes
Parcel Number
21-17-451-007
Land Assessment
$1,759 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,759 (2024)
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
501 Lutz rd - The Vista at Wittenberg
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.