{"id":649232,"date":"2026-08-10T00:38:37","date_gmt":"2026-08-10T05:38:37","guid":{"rendered":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/409-s-swain-ave\/"},"modified":"2026-08-10T00:38:37","modified_gmt":"2026-08-10T05:38:37","slug":"409-s-swain-ave","status":"publish","type":"estate_property","link":"https:\/\/homeslandcountrypropertyforsale.com\/investment-properties\/real-estate-listings\/409-s-swain-ave\/","title":{"rendered":"IU Campus-Area Investment Property | 409 S Swain Avenue"},"content":{"rendered":"

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AUCTION \u2013 Established income-producing investment property in a prime
\nlocation at the edge of Indiana University.<\/span><\/b><\/span><\/p>\n

Located at 409 S Swain Avenue in Bloomington, Indiana<\/b>, this
\nspacious campus-area property offers a compelling combination of bedroom
\ncapacity, finished living space, parking and proximity to Indiana University.
\nJust off Atwater Avenue, the property is positioned for convenient access to
\ncampus and the many academic, dining, entertainment and employment destinations
\nthat make this area one of Bloomington’s most active investment markets.<\/span><\/p>\n

According to county property records, the one-story property was
\noriginally constructed in 1948 and offers approximately 2,478 square feet of
\nfinished space<\/b>, including approximately 1,113 square feet of finished
\nbasement area<\/b>. County records identify 8 bedrooms and 4 full bathrooms<\/b>,
\nalong with two kitchen sinks and two water heaters. The property is classified
\nby the county as Other Commercial Housing<\/b>. <\/span><\/p>\n

The main level provides approximately 1,365 square feet of finished
\nspace<\/b>, while the finished basement significantly expands the property’s
\nusable footprint. Additional features include central warm-air heating, central
\nair conditioning, a masonry stoop with roof canopy and an approximately 525-square-foot
\nconcrete patio<\/b>. <\/span><\/p>\n

A particularly valuable feature for a campus-area property is the
\nproperty’s substantial paved area. County records identify approximately 2,500
\nsquare feet of asphalt paving<\/b>, providing valuable space for off-street
\nparking. The property sits on approximately 0.18 acres<\/b>, making it one of
\nthe larger lots within this portfolio. <\/span><\/p>\n

Currently utilized as an income-producing property, 409 S Swain Avenue
\noffers investors an opportunity to acquire an established rental asset with
\nsignificant bedroom and bathroom capacity near Indiana University. Its
\ncombination of eight bedrooms, four full bathrooms, finished space on two
\nlevels and off-street parking makes this property particularly well suited for
\ncontinued investment use.<\/span><\/p>\n

Located just off Atwater Avenue, the property provides convenient access
\nto Indiana University, the Jacobs School of Music, IU academic and medical
\nfacilities, restaurants, dining, entertainment and downtown Bloomington<\/b>. In
\nan investment market driven heavily by location and accessibility, 409 S Swain
\nAvenue puts residents close to the activity and opportunities surrounding the
\nuniversity.<\/span><\/p>\n

409 S Swain Avenue is one of seven investment properties at the edge
\nof Indiana University being offered as part of a generational real estate
\nportfolio auction<\/b>. Buyers may pursue this property individually or explore
\nthe opportunity to acquire multiple properties being offered through the same
\nauction event.<\/span><\/p>\n

Online Bidding Opens:<\/span><\/b> August 27, 2026
\nLive\/Simulcast Auction:<\/b> Thursday, September 3, 2026 at 1:00 PM ET
\nLive Auction Location:<\/b> Bloomington Convention Center, Bloomington,
\nIndiana<\/span><\/p>\n

Eight bedrooms. Four full bathrooms. Off-street parking. An established
\ninvestment property in an irreplaceable Indiana University campus-area
\nlocation.<\/span><\/b><\/span><\/p>\n

AUCTION LINKS:\u00a0
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