Multi-Family Portfolio 9 Multifamily Properties Offered at $1,850,000 in Bloomington, IL

This offering presents a rare opportunity to acquire a stabilized, income-producing multifamily portfolio in Bloomington, Illinois. The portfolio consists of 10 properties totaling 24 units, strategically located within a thriving community that serves as a financial, manufacturing, and educational hub in Central Illinois. Bloomington-Normal is home to major employers such as State Farm Insurance, Rivian Automotive, and Illinois State University, creating a strong and diverse economic base that supports consistent rental demand.
The properties are nearly 100% occupied, with rents at or slightly below market rates, providing immediate income and upside potential through strategic rent adjustments. Professionally managed and recently updated, the portfolio includes duplexes, triplexes, and a four-unit building, offering a mix of unit types to attract a broad tenant base. Recent improvements include new appliances, luxury vinyl plank flooring, fresh paint, and ongoing maintenance, ensuring low operational risk and reduced capital expenditure for new ownership.
With a net operating income of $139,430 and a cap rate of 7.5%, this investment delivers both stability and growth potential. Bloomington’s strong rental market, combined with its proximity to major highways (I-39, I-55, and I-74) and easy access to Chicago, St. Louis, and Indianapolis, makes this portfolio an exceptional long-term investment opportunity.