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    2315 N Sheridan Rd Peoria, IL 61604

    Picture of Duplexes at N Sheridan Rd 2315, Peoria, IL
    For Sale
    $50,000

    Residential Income - Peoria, IL

    Property size:
    1,920 SF
    Lot size:
    0.09 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 2315 N Sheridan Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    14-32-431-037
    Parking
    4
    Parking features
    On Street
    Exterior features
    Level
    Size
    1,920 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    Adam Merrick Real Estate (309) 273-1808 [email protected]

    Listing agent Adam Merrick (309) 282-1000 License #471018071

    Listing date Nov 6, 2025

    MLS# PA1262225 Listing URL

    Copyright © 2025 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.

    Overview

    Peoria Residential Income Portfolio

    This is a thirty-property portfolio offering an opportunity to scale real estate holdings. The portfolio presents a value-add opportunity with potential for increased income. Currently, some properties are rented and provide income, while others can be renovated. The property at 2315 N SHERIDAN Road, Peoria, IL 61604 is part of this portfolio. It is a 1920 square foot residential income property, situated on a 0.09-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -89.603687
    Latitude
    40.716548

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    FAQs

    What type of property is this?
    Duplex - Thirty-property portfolio with income and value-add potential in Peoria.
    Where is this duplex located?
    The property is located at 2315 N Sheridan Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Rare 30-property portfolio for instant real estate scaling.; - Prime value-add opportunity with massive upward income potential.; - Current rented properties provide immediate income.
    (309) 282-1000
    Request Owner's contact information
    2315 N Sheridan Rd Peoria, IL 61604
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    Peoria, IL 61604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2315 N Sheridan Rd Peoria, IL 61604
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