Skip to main content

Multifamily

Presidents Place Apartments

818-824 E Washington St, Bloomington, IL 61701

Listing Price: $1,325,000

Cap Rate
6.78%
Number of Units
22
Occupancy
95.0%
Price/Unit
$60,227
Price/Gross SF
$88.10
Gross SF
15,040

Investment Overview

Marcus & Millichap is pleased to present President Place Apartments located at 818-824 East Washington Street in Bloomington, Illinois. President Place Apartments consists of three one-bedroom / one-bathroom units (approximately 580 square feet) and 19 two-bedroom / one-bathroom units (approximately 700 square feet). This property has recent upgrades to appliances and flooring, and features on-site surface parking in the rear. Tenants pay for electric and gas which reduce expenses for the landlord. Bloomington is considered the heart of central Illinois and is the county seat of McLean County, the largest county in Illinois. Bloomington sits approximately 125 miles southwest of the city of Chicago, 155 miles northeast of St. Louis, Missouri and 64 miles northeast of Springfield, Illinois, the state capital. Bloomington is the largest of the two municipalities in the Bloomington-Normal Metropolitan area and intersected by Interstates 39, 55, 74, US highways 51 and 150 and Illinois State Route 9. The Bloomington-Normal area is serviced by Greyhound buses, Amtrak trains and the Central Illinois Regional Airport. The subject property is a well-located, well-maintained asset located les than one-mile east of Bloomington which allows an investor a strong, stable return.

Investment Highlights

  • Strong Location - Near Downtown Bloomington Historic District
  • Well-Maintained Units
  • Desirable Unit Mix
  • Tenant-Paid Utilities
  • Off-Street Parking

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

Multifamily

Presidents Place Apartments

Listing Price: $1,325,000

Cap Rate
6.78%
Number of Units
22
Occupancy
95.0%
Price/Unit
$60,227
Price/Gross SF
$88.10
Gross SF
15,040

Investment Highlights

  • Strong Location - Near Downtown Bloomington Historic District
  • Well-Maintained Units
  • Desirable Unit Mix
  • Tenant-Paid Utilities
  • Off-Street Parking

Investment Overview

Marcus & Millichap is pleased to present President Place Apartments located at 818-824 East Washington Street in Bloomington, Illinois. President Place Apartments consists of three one-bedroom / one-bathroom units (approximately 580 square feet) and 19 two-bedroom / one-bathroom units (approximately 700 square feet). This property has recent upgrades to appliances and flooring, and features on-site surface parking in the rear. Tenants pay for electric and gas which reduce expenses for the landlord. Bloomington is considered the heart of central Illinois and is the county seat of McLean County, the largest county in Illinois. Bloomington sits approximately 125 miles southwest of the city of Chicago, 155 miles northeast of St. Louis, Missouri and 64 miles northeast of Springfield, Illinois, the state capital. Bloomington is the largest of the two municipalities in the Bloomington-Normal Metropolitan area and intersected by Interstates 39, 55, 74, US highways 51 and 150 and Illinois State Route 9. The Bloomington-Normal area is serviced by Greyhound buses, Amtrak trains and the Central Illinois Regional Airport. The subject property is a well-located, well-maintained asset located les than one-mile east of Bloomington which allows an investor a strong, stable return.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

MM Texture Background
MM Textured Background Lower