Investment Opportunity: 4-Unit Multifamily with Owner-Occupant Potential. Well-maintained four-unit multifamily property, featuring four 1-bedroom, 1-bath apartments, each with a full kitchen and comfortable living space. The building offers shared on-site laundry for tenant convenience and off-street parking with a carport, adding valuable functionality and appeal. Currently, three units are occupied and one unit is vacant, creating an excellent opportunity for an owner-occupant to live on-site while generating rental income, or for an investor to lease remaining unit to maximize cash flow. This property offers a strong combination of income potential, flexibility, and long-term value, making it ideal for both new and experienced multifamily buyers.
Multi-familyProperty Type
1970Year Built
10,400 sq ftLot Size
5 car garageParking
Listed by Kristy Allred• Coldwell Banker Real Estate Group
The intent of this R-3A Residence District is to facilitate the development of residential districts for primarily multiple-family residences, which may generally serve as a zone of transition between non-residential districts and residential districts of more moderate density. This district is further intended to provide for the needs of persons desiring the apartment type of dwelling at densities from 12 to 18 dwelling units per acre.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Mar 27, 2024 • Final
Residential
Remove and install new shingles on a residential building.
Remodel
Roofing
Aug 31, 2016 • Final
Indiv - hvac (com or res)
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Garage Spaces: 5
# of Parking (Total): 5
Parking Features: Carport, Detached, Garage
Interior
Bathroom Information
# of Baths (Full): 4
Bedroom Information
# of Bedrooms: 4
# of Bedrooms Possible: 4
Interior Features
# of Rooms: 12
Exterior
Building Information
# Of Units in Building: 4
Age: 51-60 Years
Built Before 1978 (Y/N): Yes
Construction Materials: Vinyl Siding, Brick
Property Information
Property Type: Two to Four Units
Conversion (Y/N): N
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 1432278002
Levels: Bi-Level
Lot Information
Dimensions: 65 X 160
Lot Size: Less Than .25 Acre
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $5,253
Tax Year: 2024
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Forced Air
Location
Unit Type 1 Information
Floor Number: 2
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: 0
Tenant Pays: Electric
Lease Expiration Date: Wednesday, December 1, 1999
Unit Type 2 Information
Floor Number: 2
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: $1,300
Rent: $850
Tenant Pays: Electric
Lease Expiration Date: Wednesday, April 1, 2026
Unit Type 3 Information
Floor Number: 1
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: $825
Rent: $825
Tenant Pays: Electric
Lease Expiration Date: Thursday, October 1, 2026
Unit Type 4 Information
Floor Number: 2
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: $575
Rent: $850
Tenant Pays: Electric
Lease Expiration Date: Tuesday, December 1, 2026
School Information
Elementary School District: 5
Elementary School: Oakdale Elementary
Middle Or Junior School District: 5
Middle Or Junior School: Kingsley Jr High
High School District: 5
High School: Normal Community West High Schoo
Location Information
Subdivision Name: Not Applicable
Township: Normal
Corporate Limits: Normal
Directions: Hovey to S on Adelaide, West on Wall
Public facts
Beds: 4
Baths: 12.0
Sq. Ft.: 3,006
Stories: —
Lot Size: 10,400 square feet
Style: Other
Year Built: 1970
Year Renovated: —
County: McLean County
APN: 1432278002
Home facts updated by county records on Sep 9, 2026
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: Yes
Around this home
Schools
Oakdale Elementary School
Public K-5 • Assigned • 0.4mi
4/10
Kingsley Junior High School
Public 6-8 • Assigned • 0.7mi
5/10
Normal Community West High School
Public 9-12 • Assigned • 2.0mi
7/10
Provided by GreatSchools
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
Normal, IL • 61761
Average low and high temperatures (°F)
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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
Estimated sale price
$279,000 – $338,000
Sell confidently with a local market expert in Normal.