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420 N Lincoln St, Bloomington, IN, 47408

3beds
2baths
988sqft
$525,000
$531price/sqft
$3,979/moest. monthly cost
$159,160/yrincome needed

About This Home

This charming three bedroom, two bathroom home sits just steps from IU Campus in one of Bloomington’s most sought after student housing areas. The property is rented for $3,150 per month through July 2026, with rent increasing to $3,465 per month in August 2026. Inside, the home offers a spacious living area and a comfortable layout that works well for student living. Outside, you’ll find a welcoming front porch that adds extra appeal and usable outdoor space. With strong rental history and lease income in place, this is an excellent opportunity to own a reliable, income producing property in a prime location near campus.

Getting Around

83
WalkingVery Walkable
37
TransitSome Transit
63
BikeBikeable

Schools

8/10
7/10
Tri-North Middle SchoolGrades 7-80.9 mi
9/10

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Basement
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Block

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Mixed
  • Finished area below ground: 0
  • Finished area above ground: 988

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,976
  • Total interior livable area: 988 sqft

Property

Details

  • Parcel number: 530533300003.000005

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 3,920 sqft
  • Features: Level

Parking

  • Total spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Winter Weather
Cold Wave
Earthquake
Hail
Heat Wave
Ice Storm
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$243$2,916
Property Taxes $898$10,776
Electricity $184$2,212
Total$3,979$47,748
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,422/yr
40% on housing$119,370/yr
45% on housing$106,106/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 7.5%
7.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$531This listing

vs Other Active Listings

Avg $/sqft

ZIP 47408$177
Monroe County$166

vs Homes Sold Last Month

Median $/sqft

ZIP 47408$161
Monroe County$183

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-27Listing removed$3,810
2025-11-21Listed for sale$525,000
2025-05-29Price change$3,810
2024-05-24Listed for rent$3,465
2023-12-18Listing removed--
2023-06-05Listed for rent$3,150
2019-02-25Listing removed$2,600
2019-02-18Price change$2,600
2019-01-23Listed for rent$2,550
2018-12-21Listing removed$2,550
2018-07-01Listed for rent$2,550
2015-08-12Listing removed$2,550
2015-07-03Listed for rent$2,550
2012-05-04Sold$165,000

For Sale by Agent

AgentJeff Brawley
BrokerageBrawley Real Estate

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