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Renovated 11-Story Apartment Tower
For Sale
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1505 N Peoria Ave, Peoria, IL 61603

Completely renovated 11-story apartment building with 101 units and upgraded resident amenities.

Property SizeContact for details
Days on Market121

Property Features for 1505 N Peoria Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 101

Amenities

key FOB entry
24 hour fitness center
picnic areas
business center with coffee/tea bar
elevator access
high speed internet

Building Details

Stories 11
Listing Agency: SVN | Chicago Commercial
Listed By: Reid Bennett, CCIM · License #IL 471015237
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 3:40AM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

EMR Apartments is a completely renovated 11-story apartment tower featuring extensive capital improvements across all 101 units. The residences include gourmet kitchens with quartz countertops and stainless steel appliances, wood-style flooring, and upgraded, upscale bathrooms. The property also offers controlled, high-security key FOB entry, elevator access, high-speed internet, and a 24-hour fitness center. Additional on-site amenities include a business center with a coffee/tea bar and picnic areas.

The building is located across the street from the OSF Medical Campus, offering proximity to medical services. EMR Apartments is just off Interstate 74 with strong street exposure as one of the tallest buildings in downtown Peoria, providing convenient access to major employers and local destinations, including Bradley University. Nearby major employers mentioned include OSF, Caterpillar, ATS, State Farm, and Rivian.

Key Highlights

  • Completely renovated 11‑story apartment tower with 101 units in Peoria, IL
  • Gourmet kitchens with quartz countertops and stainless steel appliances
  • Upscale bathrooms and wood‑style flooring throughout the units

Property Analytics

Current Use

EMR Apartments Apartment Complex

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Spa & Massage Center Auto Parts Store Storage Facility Kitchen & Bath Showroom

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

101
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,736
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Completely renovated 11-story apartment building with 101 units and upgraded resident amenities.
Where is this apartment building located?
The property is located at 1505 N Peoria Ave Peoria, IL.
What are key features of this property?
This property features: Completely renovated 11‑story apartment tower with 101 units in Peoria, IL; Gourmet kitchens with quartz countertops and stainless steel appliances; Upscale bathrooms and wood‑style flooring throughout the units
More about this property
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