IL
McLean
Normal
61761
506 N Linden Street, Normal, IL 61761
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Listing Type
Commercial/Industrial
Listing Status
Active
20
$949,000

Home Details for 506 N Linden Street

Price
$949,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1971
County
McLean
Garage
Days on site
0
MLS Listing#
12534583
Property Description

Well-maintained 8-unit multifamily property in a prime location just minutes from Illinois State University, offering a strong and proven student rental market. The building features a desirable mix of highly rentable 1- and 2-bedroom units with consistent demand and solid cash-flow potential. Significant capital improvements have been completed, including a new roof in 2024 along with numerous interior and exterior upgrades that have positioned rents at nearly double their prior levels. These updates reduce future maintenance concerns while enhancing tenant appeal and long-term value. Ideal for investors seeking a stabilized asset in a high-demand rental corridor with continued upside. Strong location, quality improvements, and reliable tenant base make this a compelling addition to any portfolio. All numbers in this listing are based on rental projections for 2026/27 school year.

Property Features
  • Cooling Information
    • Central Air
Listing Courtesy: RE/MAX Rising - 309-340-1000
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-12-27 02:15:35. 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: 2025-12-27 02:15:35
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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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