1823-1825 N LINN Street, Peoria, IL 61604
MULTI_FAMILY - Peoria, IL
- Added:
- Apr 23, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 11 at 4:06 am
Property Features for 1823-1825 N LINN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
- Parking
- 2
- Parking features
- On Street
- Basement
- Unfinished
- Standard status
- Active
- APN
- 18-04-127-026
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Approx. 0.21 Acre Homesite with 50' Frontage x 183' Depth
- Tax Annual Amount
- 1283
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 2
- Roof type
- Shingle
Listing agent Carolyn Catton License #471002194 (309) 696-0761
Listing office Realty Executives Acclaimed 4450 N Prospect Rd Unit S6, Peoria Heights, IL (309) 760-0700
Listing date Apr 23, 2026
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied duplex at 1823–1825 N Linn St generating approximately $15,600 annually
- Two 2BR/1BA units with separate living spaces
- Estimated NOI of $9,300 with approximately a 12.4% cap rate at $75,900 (as stated)
- Updates include furnace 4 years old, hot water heater 1 year old, and new shingle roof sections (south 4 yrs, back 8 yrs)
- Includes 9 new windows and hardwood floors
- Public water; forced air heat; on‑street parking; sold as‑is
Overview
The property is located in Peoria, Illinois near everyday conveniences, schools, shopping, and main travel routes, supporting practical daily access for both residents and renters.
For buyers seeking flexibility, this setup can work as a “live-in and rent” arrangement, allowing an owner to occupy one unit while the other generates income. The seller reports approximately $15,600 in annual rental income and an estimated NOI of about $9,300, with the unit mix supporting an owner-operator or investor strategy. The remarks also point to value-add opportunities, including the option to improve the property by building a 2-car garage, as well as potential to increase rents. A buyer should be prepared for an as-is purchase and to perform due diligence aligned with their improvement plans.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.5959
- Latitude
- 40.710042
