Looking for investment property? New to market 312 and 314 Riley Drive, purchase both 4 unit all brick buildings. Each unit is townhouse style with a full basement with laundry hook ups available. 2 bedroom and one and a half baths. Roof replaced in 2022. Awaiting confirmation of lease amounts and dates. 312 and 314 to be sold together All information believed to be correct, but not guaranteed
Multi-familyProperty Type
1968Year Built
9,583 sq ftLot Size
8 spacesParking
Listed by Caroline Bird• Coldwell Banker Real Estate Group
Fairway Knolls, located between Eastland Drive and Towanda Avenue, is a residential and golf-adjacent Bloomington neighborhood with curving streets and mature trees. The neighborhood’s character concentrates around the Bloomington Country Club grounds, where fairways, cart paths, and clubhouse views set the daily backdrop. Mid-century ranches and split-levels mix with brick colonials, with deep setbacks and wide lawns shaping a calm streetscape. Sidewalk loops and pocket greenspaces support dog walks and evening strolls. Commercial energy gathers just outside the neighborhood along Eastland Drive, where local eateries and service storefronts line the corridor. Nearby cultural pillars such as the Bloomington Center for the Performing Arts and the McLean County Museum of History add a downtown counterpoint to the quieter residential feel.
Provided by Walk Score and Local Logic
Market insights
314 Riley Dr · $399,900
SALE-TO-LIST
96.4%
Most homes are selling 4% below list price.
LIST PRICE
$399,900
Median list price in this area is $295,000. (26% lower than this home)
PRICE DROP
0 price drops
13% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
16 total rooms
Unfinished full basement
Bedrooms
8 bedrooms
Bathrooms
4 full bathrooms
4 half bathrooms
Kitchen
Stove
Refrigerator
Dishwasher
Microwave
Laundry & utility
Tenants pay all utilities
Heating & cooling
Natural gas heating
Central air conditioning (in units)
Exterior features
Curbs, sidewalks, street lights and paved streets
Lot dimensions approximately 81 x 121
Lot smaller than 0.25 acre
Home design
Multi-family (Two to Four Units)
4 units in the building
Not converted; Fee simple ownership
Built approximately 51-60 years ago
Listed in the Fairway Knolls subdivision; located in Bloomington
Parking
Owned parking spaces for 8 vehicles
Construction
Brick construction
Built before 1978
Utilities
Public water
Public sewer
Electric service (tenant responsibility implied)
HOA & community
No special service area
Financial info
Monthly rents reported for each unit: $1,100
Security deposit listed at $1,100 per unit
Units are month-to-month leases; tenants pay all utilities
Other
Property provides school bus service and has interstate access
Electricity and solar
View estimated energy costs and solar savings for this home
The R-3A Residence District is intended to facilitate the development of residential districts for primarily multiple-family dwelling units which may generally serve as a zone of transition between nonresidential districts and residential districts of more moderate density. This district is further intended to provide for the needs of persons desiring multiple-family dwelling units at densities from 12 to 29 dwelling units per acre.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Public service
Fire house
Police station
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Bloomington, IL • 61701
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 314 Riley Dr
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $180,000 and $325,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $180K to $325K.