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Listed by Justin Ball • RE/MAX Traders Unlimited
$550,000
Est. payment /mo
7,232 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,232 sqft
Price per Sqft $76
MLS Listing ID PA1265683
Year Built 1920
Annual Tax Amount $7,676
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Commercial
Source rmlsa
Property Description
This investment property package sale includes the multifamily property, 735 N. Western Avenue in West Peoria, and the single family investment property at 1801 W. Main Street, Peoria. These two properties total 8 units and have a history of exceptional income and cash flow opportunity. 735 Western has two full apartments on the main and upper levels, and four room rentals in the lower level with shared living areas. One of the tenants also serves as a property manager. Both types of units have been short term (STR) and medium term (MTR) rentals in the past but are not currently. They could also be student housing. This brick building totals 4,248 SF and features private parking and rear alley access. The single family home investment property at 1801 Main has a long term tenant paying an excellent rental rate, all utilities and maintenance. It features a garage and large yard with alley access and is 2,984 SF.
Location
State IL
County Peoria
Area Paar Area
Zoning B-1, R-4
Direction Western Ave and Corner of Main Street/Farmington Road
Interior
Heating Forced Air, Natural Gas, Other
Cooling Central Air, Other
Flooring Carpet, Concrete, Other, Tile
Fireplace N
Exterior
View true
Roof Type Composition Shingle
Garage 1
Building
Faces Western Ave and Corner of Main Street/Farmington Road
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Vinyl Siding,Block,Frame
Others
Tax ID 18-06-478-057
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