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Multifamily

Bloomington & Pontiac Portfolio

406 E Monroe St, Bloomington, IL 61701

Listing Price: $1,735,000

Cap Rate
6.26%
Number of Units
38
Price/Unit
$45,658

Investment Overview

Marcus and Millichap are excited to announce a unique single family home real estate opportunity in Bloomington, Illinois. This portfolio is located 135 miles southwest of Chicago, 50 miles northwest of Champaign, and 40 miles east of Peoria, Illinois. This portfolio consists of 39 two and three-bedroom SFH located throughout Bloomington, Illinois. Bloomington is one of the largest cities which is home to 120,000 residences and two universities that include Illinois State and Illinois Wesleyan which add another 25,000 to its population. Bloomington is located directly off I-55, one of Illinois largest north-south highway that connects St. Louis to Chicago. Along with this Bloomington is almost equidistant to Peoria, Springfield, and Champaign three large cities that make up central Illinois. This ideal placement provides traffic and business from surrounding cities and major metropolitan that creates numerous opportunities for Bloomington.

Investment Highlights

  • Located in Bloomington-Normal, a major city in central Illinois.
  • I-55 provides a direct link between St. Louis and Chicago which runs through Pontiac and Bloomington
  • Bloomington-Normal is home to over 120,000 residences and houses two universities, Illinois State and Illinois Wesleyan
  • Triangulated between Peoria, Springfield, and Champaign all within 1 hour of each of these cities.
  • Bloomington Normal has added 6,000 jobs since February 2021

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Financing By

Multifamily

Bloomington & Pontiac Portfolio

Listing Price: $1,735,000

Cap Rate
6.26%
Number of Units
38
Price/Unit
$45,658

Investment Highlights

  • Located in Bloomington-Normal, a major city in central Illinois.
  • I-55 provides a direct link between St. Louis and Chicago which runs through Pontiac and Bloomington
  • Bloomington-Normal is home to over 120,000 residences and houses two universities, Illinois State and Illinois Wesleyan
  • Triangulated between Peoria, Springfield, and Champaign all within 1 hour of each of these cities.
  • Bloomington Normal has added 6,000 jobs since February 2021

Investment Overview

Marcus and Millichap are excited to announce a unique single family home real estate opportunity in Bloomington, Illinois. This portfolio is located 135 miles southwest of Chicago, 50 miles northwest of Champaign, and 40 miles east of Peoria, Illinois. This portfolio consists of 39 two and three-bedroom SFH located throughout Bloomington, Illinois. Bloomington is one of the largest cities which is home to 120,000 residences and two universities that include Illinois State and Illinois Wesleyan which add another 25,000 to its population. Bloomington is located directly off I-55, one of Illinois largest north-south highway that connects St. Louis to Chicago. Along with this Bloomington is almost equidistant to Peoria, Springfield, and Champaign three large cities that make up central Illinois. This ideal placement provides traffic and business from surrounding cities and major metropolitan that creates numerous opportunities for Bloomington.

Exclusively Listed By

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Financing By

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