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$599,000
6 Beds 2 Baths
RARE INVESTMENT OPPORTUNITY JUST 1.5 BLOCKS FROM INDIANA UNIVERSITY! This Grant Street property offers exceptional flexibility with 6-person occupancy approval and approval for use as a duplex-giving the next owner multiple options: rent it as one large 6-bedroom home, operate it as two rental units, or make it your own residence. And the location is hard to beat. You're approximately 1.5 blocks from IU's campus and just 3 blocks from restaurants, bars, shopping and Bloomington nightlife, making this an incredibly convenient location for students and tenants. The property also offers private off-street parking plus street parking. Under the current ownership, the home has been consistently rented as one large residence to six students. The main level features 3 bedrooms, a kitchen, full bath, huge great room, additional living room and enclosed porch, along with hardwood floors, built-in bookshelves and plenty of character. Upstairs you'll find 3 additional bedrooms, a second kitchen and bathroom, hardwood floors and spacious closets. Shared laundry and abundant storage are located in the basement. Central air is on both floors and new in 2026 for the upstairs. Furnace is 4 and a half yrs old and water heater is new 2025. With its proximity to IU, established rental history, 6-person occupancy approval and duplex-use flexibility, properties with this combination of location and versatility are hard to find. Explore long-term rental, potential short-term rental where permitted, owner occupancy, or other possibilities allowed by applicable regulations. Students can walk to class, dining and nightlife-and investors get a property with multiple ways to make the numbers work. All room dimensions are approximate and should be independently verified by buyer. Buyer to verify occupancy permits, rental status, zoning, allowable uses and any short-term rental requirements.

521 S Grant Street, Bloomington

Listing courtesy of Keller Williams Indy Metro Partners.

$632,000
4 Beds 4 Baths
Just minutes from Indiana University, this private wooded retreat feels a world away from everything else. This architect-designed, custom 2,877-square-foot, 4-bedroom, 3.5-bath home was designed with energy efficiency in mind. Built in 2009 by renowned builder Brent Thompson, it showcases exceptional craftsmanship, including Pella windows and doors, handcrafted Amish cherry cabinetry, custom archways, hickory floors and trim, and meticulous attention to detail. Designed around passive solar principles, with more than 80% of the home's glass facing south, it welcomes abundant natural light while overlooking a wooded hillside of mature oak, beech, maple, and hickory trees descending to a peaceful creek. The main level features a spacious primary suite with a walk-in closet, living room with cathedral ceiling and wood-burning fireplace, dining room with custom cherry cabinetry, an efficient kitchen with cherry cabinets, Corian counters and stainless appliances, plus a sunroom/office with a wall of windows. Upstairs are two bedrooms or studio spaces, another walk-in closet, and a full bath. The lower level offers a private apartment suite with a large family room featuring a 5.1 Harman Kardon surround sound system and projector, cherry kitchenette, bedroom with walk-in closet, full bath, and private patio. Created around the "little big home" ethos, the floor plan offers intimate everyday living while expanding comfortably for entertaining. The 1.13-acre ridgetop setting features mature perennial gardens, stone walkways, and hardwood forest with trails leading south. Gardens include Japanese maples, cherry trees, redbuds, peonies, irises, azaleas, hydrangeas, and countless seasonal blooms. Recently updated with a Malarkey Vista Class 4 impact-resistant roof (2025), Carrier Infinity 19 SEER2 variable-speed heat pump and matching air handler, AprilAire MERV 13 whole-home filtration, monitored security system, and high-speed fiber internet.

4618 N Chatham Drive, Bloomington

Listing courtesy of Berkshire Hathaway Home.

$549,900
2 Beds 2 Baths
Welcome to the lake life at 7588 N Blue Heron Dr, Lake Lemon. Rich with local history, the home was built by Ralph Rogers for his daughter and husband. Constructed in 1954 with unique design practices of concrete blocks on their side with rebar and concrete and concrete overlay. Enjoy panoramic views of lake lemon inside or outside the home. Within this expansive area, the living room offers a stone woodburning fireplace. Above, a distinctive wood ceiling adds character, while a striking wood wall enhances the room's unique appeal. The main floor offers a bedroom, bath, open floorplan between kitchen, dining and living room and a large home office with closet space that could make a great primary suite. This lake home features a practical kitchen peninsula and a convenient kitchen bar, offering versatile options for dining and gathering. A substantial large kitchen island provides ample surface for preparation or casual meals, all beneath another beautiful wood ceiling. Extending the living experience outdoors, a welcoming covered patio invite moments of relaxation and outdoor enjoyment. This exceptional property has a captivating water view, a hallmark of its prime waterfront location. The sunroom provides a bright haven, allowing appreciation of the natural surroundings regardless of the weather. The expansive lot, encompassing 4 lots in 2 counties, ensures privacy and abundant outdoor space for personal pursuits. Another great feature is the home has an updated septic with four bedroom permit if someone would like to expand. The basement offers a workshop and tons of storage space. The property owns all the way into the water which is rare on Lake Lemon. Envision a life where every day unfolds against a backdrop of serene waters and large lot offering an outdoor fireplace and dock on the water.

7588 N Blue Heron Drive, Unionville

Listing courtesy of F.C. Tucker/Bloomington, REALT.

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