IL
McLean
Bloomington
61701
1216 S Oak Street
1216 S Oak Street, Bloomington, IL 61701
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Listing Type
Single Family
Listing Status
active
10
$99,000

Home Details for 1216 S Oak Street

Price
$99,000
Type
Residential
Bedrooms
2
Bathrooms
1.0
Square feet
804
Year built
1950
County
McLean
Total rooms
4
Garage
Basement
None
Days on site
11
MLS Listing#
12500244
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.

Property Features
  • Cooling Information
    • Central Air
    • Window Unit(s)
  • Parking
    • Driveway
    • On Site
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Basement
    • None
Listing Courtesy: Gates and Gables Realty - 847-609-8378
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-10-23 15:00:30. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-10-23 15:00:30
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Market statistics compiled from data from Midwest Real Estate Data.
EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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