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1119 N Underhill St Peoria, IL 61606

Pending
For Sale
$1,600,000

Commercial Sale - Peoria, IL

Property size:
19,500 SF
Lot size:
0.42 Acres
Days on Market:
12
Last Refresh:
Dec 6 at 7:06 am

Property Features for 1119 N Underhill St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
Zoning
MULTI
APN
1805401035
Size
19,500 SF
Lot size
0.42 Acres

Building Details

Year built
1910
Number of units
20
Roof type
Membrane
Architectural style
Other

homecoin.com (888) 400-2513 [email protected]

Listing agent Jonathan Minerick (888) 400-2513 License #471021775

Listing date Nov 25, 2025

MLS# 12500893 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Underhill Apartments: Peoria Multifamily Investment

Underhill Apartments presents a 20-unit multifamily investment opportunity situated in Peoria. This income-producing property demonstrates strong in-place cash flow, with potential for increased returns through renovation and rent growth. Twelve of the twenty units have been fully renovated with modern finishes, updated flooring, kitchens, and bathrooms. The remaining eight units offer a value-add opportunity for investors. Current rents demonstrate strong performance, and projected income can rise significantly once all units are upgraded. Recent improvements include new roofs, updated plumbing, electrical improvements, and boiler upgrades. The property features a tenant base of supportive housing program residents, contributing to consistent occupancy and predictable revenue. Located near schools, transit, and employment centers, Underhill Apartments offers both immediate cash flow and long-term appreciation potential. The property is located at 1119 N Underhill Street, Peoria, IL 61606, in Peoria County, Illinois. The lot size is 0.42 acres, and the property size is 19500 square feet. The zoning is MULTI.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6122105
Latitude
40.7019779

FAQs

What type of property is this?
Apartment building - 20-unit multifamily property in Peoria with renovation and rent growth potential.
Where is this apartment building located?
The property is located at 1119 N Underhill St Peoria, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Strong in-place cash flow with immediate upside potential through renovation and rent growth.; - Twelve of twenty units are fully renovated with modern finishes, commanding premium rents.; - Recent major mechanical and structural updates reduce future maintenance.
More about this property
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