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    700 N Underhill St, Unit 714 Peoria, IL 61606

    Sponsored
    For Sale
    $550,000

    COMMERCIAL - Peoria, IL

    Lot size:
    0.60 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 700 N Underhill St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R4
    APN
    18-08-202-005
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Natural Gas, Electric (Heating)
    Cooling system
    Multi Units, Central Air, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Number of units
    6
    Flooring type
    Carpet
    Building materials
    Aluminum Siding, Vinyl Siding, Frame
    Roof type
    Asphalt

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

    Listing agent Adam J Merrick

    Listing date Dec 15, 2025

    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

    Bradley University Investment Portfolio

    This is a rare opportunity to acquire a six-house portfolio strategically located steps from Bradley University. This package offers the chance to own a significant majority of homes on a single street. Owning the block simplifies maintenance, landscaping, and tenant management. The location ensures a consistent, high-demand tenant pool from Bradley's student body and the local hospitals, leading to historically strong occupancy rates and robust cash flow. Student housing provides a recession-resistant asset, securing capital while offering significant potential for appreciation. The properties are located in Peoria, Illinois, with a total lot size of 0.6 acres. The properties' zoning is R4. The properties are located on N Underhill Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    -89.61088583
    Latitude
    40.69983254

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    FAQs

    What type of property is this?
    Single family property - Six homes near Bradley University, prime investment opportunity.
    Where is this single family property located?
    The property is located at 700 N Underhill St, Unit 714 Peoria, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location steps from Bradley University, ensuring high demand.; - Six-house portfolio offering homes on a single street for simplified management.; - Turnkey investment with historically strong occupancy rates and robust cash flow.
    (309) 678-3734
    Request Owner's contact information
    700 N Underhill St, Unit 714 Peoria, IL 61606
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    Peoria, IL 61606
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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
    700 N Underhill St, Unit 714 Peoria, IL 61606
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