Bloomington, IL 61701,1216 S Oak ST
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Bloomington, IL 61701,1216 S Oak ST
Bloomington, IL 61701,1216 S Oak ST
Bloomington, IL 61701,1216 S Oak ST
Bloomington, IL 61701,1216 S Oak ST
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$ 99,000
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1216 S Oak ST Bloomington, IL 61701

2 Beds

1 Bath

804 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 804 sqft

Price per Sqft $123

MLS Listing ID 12500244

Bedrooms 2

Full Baths 1

Year Built 1950

Annual Tax Amount $1,407

Tax Year 2023

Lot Dimensions 804

Property Sub-Type Detached Single

Property Description

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.

Location

State IL

County Mclean

Area Bloomington

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Dwelling Type Detached Single

Building Description Aluminum Siding, No

Sewer Public Sewer

Water Public

Level or Stories 1 Story

Structure Type Aluminum Siding

New Construction false

Schools

School District 87 , 87, 87

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None


Midwest Real Estate Data (MRED) IDX
Listed by Kathleen Bak of  Gates and Gables Realty 
Cecil Sabu

Cecil Sabu

Designated Managing Broker & Loan Originator | License ID: 471.019943 | NMLS ID: 2111992

+1(312) 772-2820

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1216 S Oak ST