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$94,000
Est. payment /mo
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 $116
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
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Kathleen Bak of Gates and Gables Realty
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