331 S Grant St, Bloomington, IN, 47401
About This Home
Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".
Getting Around
Walker's Paradise
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Basement
- Construction materials: Aluminum Siding,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partial,Block
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Carpet,Laminate,Mixed
- Finished area below ground: 0
- Finished area above ground: 3,326
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air,Multi Units,Window Unit(s)
Interior Area
- Total structure area: 3,961
- Total interior livable area: 3,326 sqft
Property
Details
- Parcel number: 530804203029.000009
- Zoning: RH
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck Covered,Porch Covered
Lot
- Lot size: 9,726 sqft
- Features: Irregular Lot,City/Town/Suburb,Near College Campus
Parking
- Total spaces: 6
- Parking features: Off Street Parking
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
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Earthquake
- Hail
- Heat Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,336 | $40,032 |
| Home Insurance * | $289 | $3,468 |
| Property Taxes | $1,064 | $12,768 |
| Electricity | $304 | $3,658 |
| Total | $4,993 | $59,916 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Listed for sale | $659,900 |
| 2024-12-13 | Listing removed | $675,000 |
| 2024-11-08 | Listed for sale | $675,000 |
| 2024-02-16 | Listing removed | $699,900 |
| 2023-10-25 | Listed for sale | $699,900 |
| 2023-01-17 | Listing removed | -- |
| 2022-12-06 | Listed for sale | $699,900 |
| 2022-10-31 | Pending sale | $699,900 |
| 2022-10-31 | Contingent | $699,900 |
| 2022-07-13 | Listed for sale | $699,900 |
| 2021-06-24 | Listing removed | -- |
| 2020-10-30 | Listed for sale | $699,900 |
| 2020-05-12 | Listing removed | $699,900 |
| 2020-01-17 | Listed for sale | $699,900 |
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