1216 S Oak St

Bloomington, IL 61701
  • $84,000

    Price
  • 2

    Bed
  • 1

    Bath
  • 804

    SqFt

About the Listing 28251 - 21094

CALLING INVESTORS AND HOMEOWNERS ALIKE! Set far back on the lot for added privacy, this charming 2-bedroom, 1-bath home offers a rare combination of flexibility and opportunity. The deep lot provides room to grow - expand the home's footprint, add a garage or workshop, or even build a larger main residence while keeping the existing home as a guest house or rental. Whether you're an investor or homeowner, you'll appreciate the multiple exit strategies this property offers. With 804 square feet of living space, a utility room, driveway parking for multiple vehicles, and a newer 160 sq. ft. shed, there's plenty of potential to enhance or expand the existing layout. Not to mention big ticket upgrades like a newer roof (2017) and sewer line replacement to the street (2022)! For investors, the numbers make sense - this property would rent well above the 1% rule, making it an excellent BRRRR, flip, or buy-and-hold opportunity with light updates. The home features a welcoming wood front porch, ample parking, and a quiet setting that still provides convenient access to town amenities. With its solid structure, spacious lot, and strong upside potential, 1216 S Oak St presents an affordable entry point for homeowners seeking to put in TLC or investors looking for a versatile, high-return opportunity. Buyer to diligence building restrictions.

Listing Highlights for 1216 S Oak St

Status Active
Days on Site 20
Property Type Residential
MLS ® 12500244
Year Built 1950
Total Square Footage 804
Lot/Acreage 804
County McLean
School District 87

Interior Details

  • Bedrooms: 2
  • Bathrooms: 1 Full
  • Appliances:
  • Air Cond: Central Air,Window Unit(s)
  • Heating: Natural Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Garage Capacity: N/A
  • Parking Spaces: 1
  • Lot Dimensions: 804
  • Roof:
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Driveway,Yes,Owned

Financial Details

  • Tax Amount: $1,407
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 2109159014
  • Tax Year: 2023

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Questions About..

1216 S Oak St Bloomington, IL 61701

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Originating MLS: mred

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