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.