Listing Agency: Keller Williams Premier Realty

Listed By: Zachary Oyler () · License #475172173 Show Phone

Source: Searchillinoishomesforsale

Added: Aug 12, 2025 Changed: Sep 2 Last Checked: Sep 1 at 7:39PM

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Investment Insights

Based on property information with market context.

This historic apartment property contains 16 multifamily units and is located near downtown and hospitals. The surrounding offering also includes a 14-unit property across the street and three single-family homes.

Key Highlights

• 16‑unit historic multifamily property
• Located near Downtown Peoria and hospitals
• Additional 14‑unit property available across the street

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Storage Facility Nail Salon Grocery & Convenience Store Hair Salon (Bike/Boat/Book/etc) Store Acupuncture

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

16

Residential units

Location Intelligence

Trade Area within ½ mile

3,584

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Historic multifamily property positioned near downtown and area hospitals.

Where is this apartment building located?

The property is located at 502 Nw Bryan St Peoria, IL.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 16‑unit historic multifamily property; Located near Downtown Peoria and hospitals; Additional 14‑unit property available across the street