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1122 N Madison Street, 
Bloomington, IN 47404

$650,000


9

Beds


8

Baths


4,416

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Alice Chastain

David Chastain

RE/MAX Acclaimed Properties

Cell: 812-322-6256

Last updated:

October 1, 2025, 08:06 PM

MLS#

202538505

Source:

Indiana Regional MLS

About This Home

1122 N Madison Street

Prime Investment Opportunity! Don’t miss this rare chance to own a well-located multi-unit property at the corner of Madison and 16th Street. Zoned RM - Residential Multi Family. The property includes six 1-bedroom/1-bath apartments plus an attached 4-bedroom/1.5-bath house. Income Potential: Fully rented, the property generates approximately $6,350 per month. Tenant-Paid Utilities: Tenants are responsible for their own utilities, minimizing owner expenses. Appliances Included: Each apartment is equipped with a refrigerator and range; the house includes a refrigerator, range, washer, and dryer. Permits & Compliance: Occupancy permit for 35 in place and valid through 2/1/2028. Zoned RM. Showing Availability: Two apartments are currently vacant and available for immediate showings. Additional unit showings may be arranged for serious buyers. This property combines strong cash flow potential with a highly desirable location—perfect for both seasoned investors and those looking to expand their portfolio. The owner is open to bundling this property with other properties in his portfolio.

Home Facts

Multi-Family

8 Baths

9 Bedrooms

Built in 1945

Price Summary

650,000

$147 per Sq. Ft.

MLS #:

202538505

Last Updated:

October 1, 2025, 08:06 PM

Added:

23 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

7

Interior

Living Area:

4,416 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

5,230 Sq. Ft.

Year Built:

1945


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$147 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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