Renovated Triplex Investment
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
(309) 687-5000
Listed by
Jessica Ball · License #475175281
Source
Remaxcommercial
Added: Jul 18 Checked: Jul 18 at 2:43 am
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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.
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
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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