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312 Riley Dr, Bloomington, IL, 61701

8beds
8baths
--sqft
$399,900
--price/sqft
$3,171/moest. monthly cost
$126,840/yrincome needed

About This Home

Looking for investment property? New to market 312 and 314 Riley Drive, purchase both 4 unit all brick buildings. Each unit is townhouse style with a full basement with laundry hook ups available. 2 bedroom and one and a half baths. Roof replaced in 2015. Awaiting confirmation of lease amounts and dates. Units 312 and 314 to be sold together. All information believed to be correct, but not guaranteed

Getting Around

53
WalkingSomewhat Walkable
32
TransitSome Transit
44
BikeSomewhat Bikeable

Schools

4/10
Bent Elementary SchoolGrades K-52.1 mi
5/10
3/10
Bloomington High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1968

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 8
  • Full bathrooms: 4
  • 1/2 bathrooms: 4

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 1435376024
  • Zoning: MULTI
  • Special condition: List Broker Must Accompany

Lot

  • Lot size: 9,583 sqft
  • Lot size dimensions: 81 x 121

Parking

  • Total spaces: 8
  • Parking features: Yes

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

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
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 $2,022$24,264
Home Insurance *$316$3,792
Property Taxes $703$8,436
Electricity $130$1,569
Total$3,171$38,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,720/yr
40% on housing$95,130/yr
45% on housing$84,560/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

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: 14.5%
14.5%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 61701$98
McLean County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 61701$108
McLean County$115

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)

Price History

DateEventPrice
2024-10-31Listing removed$420,000
2024-10-28Contingent$420,000
2024-07-30Price change$420,000
2024-07-12Listed for sale$440,000
2019-07-05Listing removed$700
2019-05-01Listed for rent$700
2018-02-13Listing removed$700
2018-01-14Listed for rent$700
2017-12-07Listing removed$725
2017-10-01Listed for rent$725
2017-08-23Listing removed$750
2017-07-24Listed for rent$750
2017-05-31Listing removed$725
2017-05-01Listed for rent$725
2013-06-27Sold$210,000
2012-11-04Listed for sale$249,900
2011-07-03Listing removed$239,000
2010-12-17Listed for sale$239,000
2010-09-16Listing removed$270,000
2009-12-23Listed for sale$270,000
2009-11-03Listing removed$270,000
2009-09-05Listed for sale$270,000
2009-01-20Listing removed$270,000
2009-01-13Listed for sale$270,000

For Sale by Agent

AgentCaroline Bird
BrokerageColdwell Banker Real Estate Group

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