Opportunity knocks in one of Bloomington’s most desirable historic neighborhoods! This charming cottage is ready for its next chapter—whether as a cozy owner-occupied home or a smart investment near the exciting new Hopewell development. There is a current rental permit in place. The home has been pre-inspected and offers the perfect chance to build sweat equity. While some updates are needed, surrounding homes in the area have recently sold in the $200,000–$300,000 range, making this a fantastic opportunity to improve and personalize a classic Bloomington property. Currently configured as a one-bedroom, the layout could easily be reimagined to accommodate two bedrooms. It's the perfect starter first time renovation project - small enough to be affordable but big enough to see the impact in your equity. You’ll love the character of the original hardwood floors, the comfort of central A/C and a gas furnace, and the practicality of a 4-year-old water heater. The mechanicals are housed in a small cellar, and there’s a deep backyard plus a one-car garage with alley access—a rare find downtown. Some updates have already been started, and the seller is happy to share information they’ve gathered for future projects. Priced accordingly, the home is being sold as-is, inviting the right buyer to bring their vision and style to life. Video walk-through available on YouTube. Property taxes may be significantly lower for owner-occupants with a Homestead exemption on file.