#202505419, Derek Morgan, Listing Office: Unreal Estate LLC
1305 S Park Ave Bloomington, IN 47401
Property details
About 1305 S Park Ave
The 2024 appraised value came in at $410k! Instant equity! This spacious and versatile property, located just 1 mile south of Indiana University, offers an ideal investment opportunity with immediate income potential. Currently rented, this home is perfectly situated for student, professional or generational living. Featuring a unique layout, the property provides the option for one tenant or owner to enjoy their own private upstairs floor, complete with a full kitchen, while two other tenants/owners can share the main floor, which includes a kitchenette. The convenience of having separate living spaces under one roof is further enhanced by the large outdoor living space. Laundry room located on the main level. New as of 2019: entire roof system (shingles, framing, trusses, gutters with leaf guards), drywall, insulation, 2nd floor windows, kitchen cabinetry, flooring, appliances, bathroom, etc. With its proximity to the university and flexible living arrangement, this property is a rare find that promises both comfort and profitability.
Highlights
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Summary
- MLS Number: 202433118
- Office Name: Century 21 Scheetz - Bloomington
- Office Phone: (812) 385-6302
- Listing Agent: Rebekah Sims
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:55:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$325,000
1305 S Park Ave
$3,859
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Templeton Elementary School
Public District PK-6
0.2 mi
•1400 S Brenda Ln
6
Binford Elementary School
Public District 3-6
1.1 mi
•2300 E 2nd St
8
Childs Elementary School
Public District PK-6
1.3 mi
•2211 S High St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,010. Most Bloomington, IN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
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Living in Bloomington, IN
About 1305 S Park Ave
This home is located at 1305 S Park Ave in Bloomington, IN and zip code 47401. This home, which was built in 1985, sits on a 0.19 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $325,000.
In February 2025 more than 9 listings in Bloomington, IN were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 67 were sold below. The inventory of homes for sale in Bloomington, IN between January and February 2025 increased by 16.3%. While the average time on the market in February 2025 was 104 days, the median list price was $302,000.