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Renovated Triplex Investment Property

1611 West Barker Avenue Peoria, IL 61606

New
1611 West Barker Avenue, Peoria, IL, 61606
$299,000
For Sale
$299,000

Completely renovated triplex with two currently leased units and updated systems, kitchens, and bathrooms.

Days on Market1

Property Features for 1611 West Barker Avenue

General Information

Standard status
Active
Property subtype
Multi-Family

Building Details

Year Built
1920
Listing Agency RE/MAX
Listed by Jessica Ball · License #475175281
Source Remaxcommercial
Added: Jul 18 Checked: Jul 18 at 2:43 am

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 RE/MAX


Investment Insights

Based on property information with market context.

This completely renovated triplex has been fully updated during 2025–2026 with a new roof, HVAC, appliances (including dishwashers and washers/dryers), wiring, plumbing, flooring, and refreshed bathrooms and kitchens. The property is currently configured with two units (upper and lower) leased under annual leases, and the main level unit has been advertised.

Tenants pay all utilities except sewer and stormwater. Water is billed back pro-rata, and a third electric meter is currently being installed in July. The garage includes two parking spaces, one for each of the larger units.

The triplex is being offered as a stabilized, renovated investment property, with current property management that can be continued seamlessly.

Key Highlights

  • Completely renovated triplex (built 1920) with major updates completed in 2025–2026, including roof, HVAC, wiring, and plumbing
  • Total monthly rents are $3,400 with two of three units currently leased (upper and lower units); main level unit recently advertised
  • Tenants pay all utilities except sewer and stormwater; water billed back pro‑rata and a third electric meter is being installed in July

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Dental Office Law Firm Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store Storage Facility Big Box & Wholesale Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Completely renovated triplex with two currently leased units and updated systems, kitchens, and bathrooms.
Where is this triplex located?
The property is located at 1611 West Barker Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Completely renovated triplex (built 1920) with major updates completed in 2025–2026, including roof, HVAC, wiring, and plumbing; Total monthly rents are $3,400 with two of three units currently leased (upper and lower units); main level unit recently advertised; Tenants pay all utilities except sewer and stormwater; water billed back pro‑rata and a third electric meter is being installed in July
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