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Triplex with Covered Front Porch
For Sale
$65,000

1216 N North Street, Peoria, IL 61606

Three vacant apartments require full rehabilitation before they can be returned to service.

Property Size2,724 SF
Lot Size0.11 Acres
Price / SF$23.86
Days on Market11

Property Features for 1216 N North Street

General Information

Standard status Active
Size 2,724 SF
Total Parking Spaces 5
Lot size 0.11 Acres
Property subtype Residential Income

Property Condition

Severity Major Repairs Needed
Evidence in need of a full rehab

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,433

Amenities

covered front porch

Building Details

Year Built 1900
Buildings 1
Listing Agency: Keller Williams Infinity
Listed By: Anissa Carrillo
Source: Blackcastleprop
Added: Oct 19 Changed: Oct 26 Last Checked: Oct 26 at 3:41AM

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 Infinity

Rey
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Investment Insights

Based on property information with market context.

This 2,724-square-foot triplex contains three units: two with one bedroom and one bathroom each, plus a two-bedroom, one-bath unit. The building dates to 1900 and sits on an approximately 4,986-square-foot corner lot. A covered porch fronts the property, and all three apartments are vacant and need a full rehabilitation.

The roof and exterior siding are reported to be approximately seven years old.

Key Highlights

  • Three‑unit building with two one‑bedroom, one‑bath apartments and one two‑bedroom, one‑bath apartment
  • 2,724 square feet on an approximately 4,986‑square‑foot corner lot
  • All three units are vacant and require a full rehab

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,983
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three vacant apartments require full rehabilitation before they can be returned to service.
Where is this triplex located?
The property is located at 1216 N North Street Peoria, IL.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Three‑unit building with two one‑bedroom, one‑bath apartments and one two‑bedroom, one‑bath apartment; 2,724 square feet on an approximately 4,986‑square‑foot corner lot; All three units are vacant and require a full rehab
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