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    1001 Moss Ave Peoria, IL 61606

    For Sale
    $440,000

    Five-unit apartment building, strong rental income.

    Property size:
    3,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a meticulously maintained, historic home transformed into a five-unit apartment building located at 1001 W Moss Avenue, Peoria, IL. The property boasts a total of 3,250 square feet and offers ample parking with 10 spaces, accessible via a shared front drive and rear alley. Recent improvements include newly poured concrete on both the front and back porches, enhancing curb appeal and tenant experience. The building's layout comprises five well-maintained apartments, each generating consistent rental income. Unit A, a one-bedroom, one-bathroom apartment on the first floor, commands a monthly rent of $975. Unit B, also a one-bedroom, one-bathroom unit on the first floor, rents for $650. Both first-floor units share laundry facilities located in the basement. On the second floor, Unit C (one-bedroom, one-bathroom) rents for $950, and Unit D (one-bedroom, one-bathroom) rents for $795

    Property Features for 1001 Moss Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,250 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm 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
    -89.60875
    Latitude
    40.696

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit apartment building, strong rental income.
    Where is this commercial real estate located?
    The property is located at 1001 Moss Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $440,000.
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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
    1001 Moss Ave Peoria, IL 61606
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