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Renovation-Ready Quadplex
For Sale
$70,000

1214 N SHERIDAN Road, Peoria, IL 61606

Vacant four-unit residential property with utilities available and substantial renovation needs.

Property SizeContact for details
Days on Market33

Property Features for 1214 N SHERIDAN Road

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence distressed

Additional Details

Utilities to Site Yes
Multifamily Units 4

Amenities

Electric
Steam

Building Details

Year Built 1900
Listing Agency: eXp Realty
Listed By: Lindsay Prewitt
Source: Kw
Added: Jul 30 Changed: Aug 30 Last Checked: Aug 30 at 4:58PM

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 eXp Realty

Investment Insights

Based on property information with market context.

This vacant quadplex contains a four-unit residential structure on a residential lot in Peoria. Built in 1900, the property includes electric and steam among its listed interior features, while the existing improvements require significant renovation. Interior entry is not available at this time, limiting on-site review of the building’s condition.

Utilities are available to the lot, and the property is located at 1214 N Sheridan Road in Peoria, Illinois. The offering is conveyed in its present condition, with buyers expected to complete their own due diligence. The existing four-unit layout may be evaluated for renovation, stabilization, or a broader redevelopment approach.

Key Highlights

  • Vacant four‑unit residential property
  • Built in 1900
  • Utilities available on the residential lot

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Kitchen & Bath Showroom Nail Salon Hair Salon (Bike/Boat/Book/etc) Store

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,234
Businesses Nearby

Demographics for 61606, IL

6,798
Population
2,898
Households
2.3
Avg Household Size
26
Median Age
40%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
5,665
Density / Sq Mi
$41,023
Median Household Income
$14,738
Median Earnings
$907
Median Rent
$119,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Vacant four-unit residential property with utilities available and substantial renovation needs.
Where is this quadplex located?
The property is located at 1214 N SHERIDAN Road Peoria, IL.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Vacant four‑unit residential property; Built in 1900; Utilities available on the residential lot
More about this property
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