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506 N Linden Street
Normal IL 61761 US

$949,000

Active Listing ID 12534583
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15 bed
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8.00 Bath (8 Full)
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Lot: 0.40 Acres
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Other

$949,000

Active Listing ID 12534583
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506 N Linden Street Well-maintained 8-unit multifamily property in a prime location just minutes from Illinois State University, offering a strong and proven student rental market. The building features a desirable mix of highly rentable 1- and 2-bedroom units with consistent demand and solid cash-flow potential. Significant capital improvements have been completed, including a new roof in 2024 along with numerous interior and exterior upgrades that have positioned rents at nearly double their prior levels. These updates reduce future maintenance concerns while enhancing tenant appeal and long-term value. Ideal for investors seeking a stabilized asset in a high-demand rental corridor with continued upside. Strong location, quality improvements, and reliable tenant base make this a compelling addition to any portfolio. All numbers in this listing are based on rental projections for 2026/27 school year.

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Property Features

  • Facts
  • Lot Size: 0.40 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 8
  • Cooling System: Central Air
  • Roof Type: Composition

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 949000
  • unparsedaddress: 506 N Linden Street
  • postalcity: Normal
  • stateorprovince: IL
  • country: US
  • postalcode: 61761
  • bathroomsfull: 8
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.4
  • lotsizeunits: Acres
  • lotsizearea: 0.4
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Sean Bozarth
  • listagentemail: seanbozarth@yahoo.com
  • listagentkey: 3yd-MREDIL-970232
  • listagentmlsid: 970232
  • listagentpreferredphone: (309) 275-9333
  • listagentofficephone: 3092611302
  • listofficekey: 3yd-MREDIL-97105
  • listofficemlsid: 97105
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1971
  • listagentfax: 3098283350
  • listagenturl: https://www.remax.com/realestateofficerealtor/bloomington-il-61705-remaxrising-id60240182.html
  • countyorparish: McLean
  • parcelnumber: 1427113001
  • cooling: Central Air
  • constructionmaterials: Wood, Brick
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bedroom 9, Bathroom 7, Bedroom 13, Bathroom 3, Bedroom 6, Bedroom 10, Bathroom 2, Bedroom 1, Bathroom 5, Bathroom 8, Bedroom 11, Bathroom 6, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 14, Bedroom 15, Bedroom 7, Bedroom 12, Bedroom 4, Bedroom 5, Bathroom 4
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: False
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Rising", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"seanbozarth@yahoo.com", "ListBrokerageCity":"Bloomington", "ListBrokerageCountry":"US", "ListBrokerageEmail":"John@remaxrising.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"RE/MAX Rising", "ListBrokeragePhone":"(309) 275-9333", "ListBrokeragePostalCode":"61705", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"501 S Towanda Barnes Rd.", "ListBrokerageWebsiteUrl":"https://www.remax.com/realestateofficerealtor/bloomington-il-61705-remaxrising-id60240182.html", "ListOfficeAddress1":"1015 Ekstam Drive Suite 2", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"97105", "ListOfficeCity":"Bloomington", "ListOfficeCountry":"USA", "ListOfficeEmail":"john@armstrongburns.com", "ListOfficePostalCode":"61704", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Normal, IL", "ListingURL":null, "MLSModificationTimestamp":"2025-12-20 08:02:47", "Neighborhoods":[{"Description":null, "Name":"Normal"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10047, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/20/2025 8:02:47 AM GMT
Source Updated Date: 12/20/2025 6:50:27 PM GMT

Courtesy of: Sean Bozarth, RE/MAX Rising, seanbozarth@yahoo.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.