Opportunity knocks in one of Bloomington's most desirable historic neighborhoods! This charming cottage is ready for its next chapter-whether as a cozy owner-occupied home or a smart investment near the exciting new Hopewell development. There is a current rental permit in place. The home has been pre-inspected and offers the perfect chance to build sweat equity. While some updates are needed, surrounding homes in the area have recently sold in the $200,000-$300,000 range, making this a fantastic opportunity to improve and personalize a classic Bloomington property. Currently configured as a one-bedroom, the layout could easily be reimagined to accommodate two bedrooms. It's the perfect starter first time renovation project - small enough to be affordable but big enough to see the impact in your equity. You'll love the character of the original hardwood floors, the comfort of central A/C and a gas furnace, and the practicality of a 4-year-old water heater. The mechanicals are housed in a small cellar, and there's a deep backyard plus a one-car garage with alley access-a rare find downtown. Some updates have already been started, and the seller is happy to share information they've gathered for future projects. Priced accordingly, the home is being sold as-is, inviting the right buyer to bring their vision and style to life. Video walk-through available on YouTube. Property taxes may be significantly lower for owner-occupants with a Homestead exemption on file.