The 2024 appraised value was $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.
Active under contract
Price cut: $14.9K (7/2)
$275,000
1305 S Park Ave, Bloomington, IN 47401
3beds
1,828sqft
Est.:
Single Family Residence
Built in 1985
8,276.4 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Entire roof systemLarge outdoor living spaceUnique layoutSeparate living spacesFull kitchenPrivate upstairs floor
- 338 days
- on Zillow |
- 552 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 12:15pm
Listed by:
Rebekah Sims Cell:812-385-6302,
Century 21 Scheetz - Bloomington
Source: IRMLS,MLS#: 202433117

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: Upper
Bedroom 2
- Level: Lower
Family room
- Level: Lower
- Area: 144
- Dimensions: 12 x 12
Kitchen
- Level: Upper
- Area: 136
- Dimensions: 17 x 8
Living room
- Level: Upper
- Area: 273
- Dimensions: 21 x 13
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Disposal, Range/Oven Hook Up Elec, Dishwasher, Microwave, Refrigerator, Washer, Dryer-Electric, Electric Range
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Tub/Shower Combination
- Has basement: No
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,828
- Total interior livable area: 1,828 sqft
- Finished area above ground: 1,828
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck Covered, Deck
- Fencing: None
Lot
- Size: 8,276.4 Square Feet
- Features: Irregular Lot, Level, City/Town/Suburb, Near College Campus
Details
- Parcel number: 530804403039.000009
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Features: None
- Subdivision: Bryan Park
Location
- Region: Bloomington
Financial & listing details
- Tax assessed value: $410,000
- Annual tax amount: $5,597
- Date on market: 8/29/2024
- Listing terms: Cash,Conventional,FHA,VA Loan
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