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Triplex with Varied Unit Mix
For Sale
$114,900

1003 NE MONROE Street, Peoria, IL 61603

Three-unit residential property with one- and three-bedroom layouts, forced-air heating, and separate tenant-paid gas and electric.

Property Size2,220 SF
Price / SF$51.76
Days on Market52

Property Features for 1003 NE MONROE Street

General Information

Standard status Active
Size 2,220 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

Electric
Forced Air
Shingle

Building Details

Year Built 1900
Listing Agency: Keller Williams Premier Realty
Listed By: Jamie Herring
Source: Kw
Added: Jul 1 Changed: Aug 19 Last Checked: Aug 20 at 7:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This three-unit residential property contains 5 total bedrooms and 3 bathrooms across approximately 2,220 square feet. The unit mix includes one- and three-bedroom configurations, providing varied residential layouts within the building. Originally constructed in 1900, the property includes electric service, forced-air heating, and a shingle exterior.

The building is located in Peoria’s North Valley neighborhood, near local schools, downtown Peoria amenities, and major roadways. Water is paid by the seller, while tenants pay gas and electric. The property’s address is 1003 NE MONROE Street, Peoria, IL 61603.

Key Highlights

  • Triplex with 5 total bedrooms and 3 bathrooms
  • Approximately 2,220 square feet
  • Mix of 1- and 3‑bedroom unit configurations

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Barber Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,027
Businesses Nearby

Demographics for 61603, IL

15,503
Population
8,291
Households
1.9
Avg Household Size
33
Median Age
15%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
3,691
Density / Sq Mi
$40,405
Median Household Income
$29,084
Median Earnings
$976
Median Rent
$73,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential property with one- and three-bedroom layouts, forced-air heating, and separate tenant-paid gas and electric.
Where is this triplex located?
The property is located at 1003 NE MONROE Street Peoria, IL.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Triplex with 5 total bedrooms and 3 bathrooms; Approximately 2,220 square feet; Mix of 1- and 3‑bedroom unit configurations
More about this property
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