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Renovated Triplex with Garage
For Sale
$289,999

1611 W Barker Ave, Peoria, IL 61606

Three updated units offer individual utilities, complete appliance packages, and in-unit laundry.

Property Size1,797 SF
Price / SF$161.38
Days on Market11

Property Features for 1611 W Barker Ave

General Information

Standard status Active
Size 1,797 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

in-unit washer/dryer
dishwasher

Building Details

Year Built 1920
Year Renovated 2026
Buildings 1
Listing Agency: Adam Merrick Real Estate
Listed By: Adam Merrick (homes@adammerrick.com)
Source: Searchillinoishomesforsale
Added: Sep 14 Changed: Sep 23 Last Checked: Sep 24 at 11:05AM

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 Adam Merrick Real Estate

Investment Insights

Based on property information with market context.

Built in 1920, this triplex underwent renovation work in 2025 and 2026, including a new roof, HVAC updates, plumbing improvements, new wiring, and refreshed kitchens and bathrooms. The three units have matching contemporary finishes, with luxury vinyl plank flooring on the first and second floors and carpet in the lower-level residence. Each unit includes a dishwasher, washer and dryer, and its own utility setup. A 2-stall garage provides off-street parking.

The second-floor and lower-level units are occupied under one-year leases, while the main-floor unit is vacant and available for immediate showings. The property is located at 1611 W Barker Ave in Peoria, just blocks from Bradley University and minutes from major medical centers.

Key Highlights

  • Triplex renovated in 2025 and 2026
  • New roof, updated HVAC, plumbing, wiring, kitchens, and bathrooms
  • Second‑floor and lower‑level units occupied on one‑year leases

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Garden Center (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

3
Residential units

Location Intelligence

Trade Area within ½ mile

630
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
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Frequently Asked Questions

What type of property is this?
Triplex - Three updated units offer individual utilities, complete appliance packages, and in-unit laundry.
Where is this triplex located?
The property is located at 1611 W Barker Ave Peoria, IL.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: Triplex renovated in 2025 and 2026; New roof, updated HVAC, plumbing, wiring, kitchens, and bathrooms; Second‑floor and lower‑level units occupied on one‑year leases
More about this property
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