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511 Douglas Street Bloomington, IL 61701 Multi Unit - Multiple Contingent

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Description

Welcome to this beautifully refreshed 100+ year-old duplex where timeless character meets thoughtful modern updates. The current owners have taken exceptional care to create a bright, inviting space that feels fresh while preserving the home's original charm. Situated on a corner lot with abundant windows that fill both units with natural light, this property has undergone extensive interior and exterior improvements since it was purchased in 2021, resulting in a truly move-in-ready investment. Throughout the home, you'll find fresh paint, refinished hardwood floors, updated ceiling fans and light fixtures, new switches and outlets, and new blinds. The lower unit (508 N. Evans) was extensively remodeled in 2023/2024 and features an updated kitchen with new flooring, appliances, countertops, fixtures, painted cabinetry, and upgraded ceiling tiles. The bathroom was completely renovated with new flooring, shower, vanity, toilet, and fixtures. Both exterior entry doors to the lower unit were replaced, and a new HVAC system was installed in 2023. Exterior improvements include a new upper front deck (2021), new lower front and rear decks (2022), new basement windows (2022), and updated landscaping around the foundation. The owners also invested approximately $4,000 in a professionally installed exterior security system featuring four security cameras and a central video hub, which will remain with the property for the new owners. This duplex offers two fully independent living spaces, each with its own gas, electric, and water meters, allowing tenants to each have their own utilities while simplifying property management. The flexible floor plan also provides an excellent opportunity to convert the home back into a spacious single-family residence with minimal modification. According to the previous MLS listing, when the current owners purchased the property in 2021, the home also features a roof installed in 2010, separate furnaces and central air conditioning for each unit, updated electrical service (2007), copper and PEX plumbing along with a new sewer line (2015), and a remodeled second-floor kitchen, bathroom, and laundry area completed in 2019. The upper unit HVAC system is believed to have been installed in approximately 2004, although the exact age has not been independently verified. Whether you're looking to house-hack and supplement your mortgage with rental income, expand your investment portfolio, or own a beautifully maintained historic property with modern conveniences, this home offers exceptional flexibility, extensive updates, and pride of ownership throughout. Opportunities to purchase a move-in-ready duplex of this quality are rare-schedule your showing today! Inspections are for informational purposes only.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 2
County: McLean
High School: Bloomington High School
Subdivision: Not Applicable
Listed By:
Vesta Real Estate LLC 309-228-3782
MRED MLS
$219,900
Est. $1,518/mo
6beds
2baths
1cars
New to the Market Contingent
BEDS6 BATHS2 full MLS#12713784
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNot Applicable SCHOOLDistrict 87

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511 Douglas Street, Bloomington, IL 61701.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $219,900$219,900$219,900
Down Payment $43,980$7,697$54,975
Monthly Mortgage Amount $1,112$1,347$1,381
Taxes $306$306$306
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$97$0
Monthly Estimated Total $1,518$1,850$1,787

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