Sold81d on market
1122 N Madison St
Bloomington, IN, 47403 • Maple Heights • Monroe County
$550,000
$125/sqft
9Beds
8Baths
4,416Sqft
0.2 acLot
1945Built
Property DNA
Waterfront Property
Creek
Character Home
Built 1945 · 81 years of history
None
Maple Heights
Vinyl Tile & Wood Floors
Quality flooring throughout
This home is getting attention
Listed 81 days ago · 59 views · 1 saves
Market activity
Demand and pricing signals for this listing
59 views
People checking out this listing
1 saves
Buyers have saved this home
81 days on market
Established listing
$125/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 41% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1945
Prime Investment Opportunity! Don’t miss this rare chance to own a well-located multi-unit property at the corner of Madison and 16th Street. Zoned RM - Residential Multi Family. The property includes six 1-bedroom/1-bath apartments plus an attached 4-bedroom/1.5-bath house. Income Potential: Fully rented, the property generates approximately $6,200 per month. Tenant-Paid Utilities: Tenants are responsible for their own utilities, minimizing owner expenses. Appliances Included: Each apartment is equipped with a refrigerator and range; the house includes a refrigerator, range, washer, and dryer. Permits & Compliance: Occupancy permit for 35 in place and valid through 2/1/2028. Zoned RM. Showing Availability: Two apartments are currently vacant and available for immediate showings. Additional unit showings may be arranged for serious buyers. This property combines strong cash flow potential with a highly desirable location—perfect for both seasoned investors and those looking to expand their portfolio. The owner is open to bundling this property with other properties in his portfolio.
Estimated monthly payment
Based on current rates
$3,445/month
Principal & Interest$2,711
Property Tax$550
Insurance$183
Down payment20% ($110,000)
3%50%
Est. 6.26% rate · 30yr fixed · $440,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1945
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
Parking8 Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1945
Stories2
Systems
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
ConstructionBrick, Other
Water / SewerPublic, Bloomington City Utility / Public Sewer
Parking & Outdoor
ParkingOff Street, Off Street Parking
BasementCrawl Space,Partial,Block
FencingNone
Lot8,712 sqft
Location & Tax
NeighborhoodMaple Heights
ZoningRM
Annual tax$6,520
Parcel530533204079000005
Bathrooms & Fees
Full baths7
Features & details
9 categories of property features
Interior Features
Interior
Laminate Counters
Flooring
Carpet
Vinyl Tile
Wood
Heating
Natural Gas
Forced Air
Cooling
Window Unit(s)
Exterior Features
Parking
Off Street
Off Street Parking
Construction
Brick
Other
Lot Features
Corner Lot
0-2.9999
City/Town/Suburb
Near College Campus
Near Walking Trail
Gas
CenterPoint Energy
Other Structures
None
Listing insights
Market data and value estimates
StatusSold
Days on market81
Est. value$616,500
Est. rent$2,437/mo
Tax rate0.72%
Price/sqft$125
On marketSep 23, 2025
PostedSep 23, 2025
Last sold$550,000
MLS statusClosed
MLS updatedJan 16, 2026
Tour days6
Views59
Favorites1
How are the schools in Bloomington?
3 schools rated nearby
Location
Bloomington, IN, 47403
Price history
26 events
DateEventPrice$/sqftSource
Apr 6, 2026Listing Removed$2,200—Zillow Rentals
Feb 27, 2026Listed For Rent$2,200—Zillow Rentals
Jan 16, 2026Sold$550,000—IRMLS
Sep 23, 2025Listed For Sale$650,000—IRMLS
Feb 12, 2025Listing Removed$1,800—Zillow Rentals
Oct 1, 2024Listed For Rent$1,800—Zillow Rentals
Nov 8, 2023Listing Removed——Zillow Rentals
Oct 31, 2023Price Change$1,800—Zillow Rentals
Oct 19, 2022Listed For Rent$1,565—Zillow Rental Network Premium
Aug 31, 2020Listing Removed$1,375—Mackie Properties, LLC
Jun 25, 2020Price Change$1,375—Mackie Properties, LLC
May 8, 2020Price Change$1,400—Mackie Properties, LLC
Feb 10, 2020Price Change$1,425—Mackie Properties, LLC
Sep 13, 2019Listed For Rent$1,475—Mackie Properties, LLC
Jul 3, 2019Listing Removed$900—Mackie Properties, LLC
Dec 18, 2018Price Change$900—Mackie Properties, LLC
Oct 17, 2018Price Change$1,100—Mackie Properties, LLC
Aug 31, 2018Price Change$1,200—Mackie Properties, LLC
Jul 5, 2018Price Change$1,300—Mackie Properties, LLC
Mar 27, 2018Listed For Rent$1,225—Mackie Properties, LLC
Sep 21, 2017Listing Removed$1,200—Mackie Properties, LLC
Sep 11, 2017Listed For Rent$1,200—Mackie Properties, LLC
Jan 11, 2017Listing Removed$1,100—Mackie Properties, LLC
Jan 20, 2016Listing Removed$1,090—Mackie Properties
Sep 15, 2015Listed For Rent$1,090—Mackie Properties, LLC
Mar 20, 2015Listing Removed$1,060—Mackie Properties, LLC
Listing Removed$2,200
Apr 6, 20260•Zillow Rentals
Listed For Rent$2,200
Feb 27, 20260•Zillow Rentals
Sold$550,000
Jan 16, 2026•IRMLS
Listed For Sale$650,000
Sep 23, 2025•IRMLS
Listing Removed$1,800
Feb 12, 20250•Zillow Rentals
Listed For Rent$1,800
Oct 1, 20240•Zillow Rentals
Listing Removed—
Nov 8, 2023•Zillow Rentals
Price Change$1,800
Oct 31, 20230•Zillow Rentals
Listed For Rent$1,565
Oct 19, 20220•Zillow Rental Network Premium
Listing Removed$1,375
Aug 31, 20200•Mackie Properties, LLC
Price Change$1,375
Jun 25, 20200•Mackie Properties, LLC
Price Change$1,400
May 8, 20200•Mackie Properties, LLC
Price Change$1,425
Feb 10, 20200•Mackie Properties, LLC
Listed For Rent$1,475
Sep 13, 20190•Mackie Properties, LLC
Listing Removed$900
Jul 3, 20190•Mackie Properties, LLC
Price Change$900
Dec 18, 20180•Mackie Properties, LLC
Price Change$1,100
Oct 17, 20180•Mackie Properties, LLC
Price Change$1,200
Aug 31, 20180•Mackie Properties, LLC
Price Change$1,300
Jul 5, 20180•Mackie Properties, LLC
Listed For Rent$1,225
Mar 27, 20180•Mackie Properties, LLC
Listing Removed$1,200
Sep 21, 20170•Mackie Properties, LLC
Listed For Rent$1,200
Sep 11, 20170•Mackie Properties, LLC
Listing Removed$1,100
Jan 11, 20170•Mackie Properties, LLC
Listing Removed$1,090
Jan 20, 20160•Mackie Properties
Listed For Rent$1,090
Sep 15, 20150•Mackie Properties, LLC
Listing Removed$1,060
Mar 20, 20150•Mackie Properties, LLC
Tax history
14 years of records
YearTax paidAssessed value
Apr 8, 2024$5,529$317,800
Apr 8, 2023$5,363$260,600
Apr 8, 2022$5,144$264,300
Apr 8, 2021$5,109$247,600
Apr 8, 2020$5,206$247,600
Apr 8, 2019$8,247$247,600
Apr 8, 2018$5,392$257,000
Apr 8, 2017$4,648$255,300
Apr 8, 2016$4,648$223,600
Apr 8, 2014$4,626$221,800
Apr 8, 2013$4,586$220,900
Apr 8, 2012$4,534$224,500
Apr 8, 2010$4,223$216,900
Apr 8, 2009$4,108$221,100
Nearby homes
Neighborhood details
Local context around this listing
Bloomington, IN • Monroe County
Nearby neighborhoods
Arlington ValleyBroadviewElm HeightsFritz TerraceGentry EstatesNorth Kinser PointNorthwood EstatesOld Northeast DowntownSmithville-SandersWest Pointe
Nearby cities
BloomingtonEllettsvilleGosportSpencerSpringvilleStinesvilleUnionville
Nearby zip codes
47401474034740447405474064740847434474594746247490
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