601 NE Perry Avenue Peoria, IL 61603

Listing agency RE/MAX Traders Unlimited j***@gmail.com Show Phone

Listed by Justin Ball

Source Xome

Added: Mar 8 Updated: Jul 21 at 11:49PM Checked: Jul 22 at 3:39AM

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Investment Insights

Based on property information with market context.

This residential income property sale includes two parcels containing a total of two duplexes (four units) and a vacant apartment building that has started being gutted for renovation. All four duplex units are 2-bedroom, 1-bath configurations and are currently occupied under professional management. The duplex rents total $2,150. In addition, the apartment building has been listed in Peoria County PROVAL records as having multiple 1-bedroom, 1-bath/studio units (see associated docs), and it is currently in an unfinished condition.

Ameren meters have been removed and utilities are turned off. The boiler in the basement is not functional. The property also includes a garage and shed in the rear.

Overall, the offering presents an opportunity to maintain current rental income from the duplexes while renovating the vacant apartment building as part of the same investment portfolio.

Key Highlights

• Two parcels with 2 duplexes totaling 4 units; all occupied and professionally managed
• Duplex units are 2 bed / 1 bath; duplex rents total $2,150
• Vacant apartment building on‑site has begun being gutted and is ready for renovation

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FAQs

What type of property is this?

Duplex - Sale includes two duplex parcels with four occupied units and a gutted vacant apartment building ready for renovation.

Where is this duplex located?

The property is located at 601 NE Perry Avenue Peoria, IL.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Two parcels with 2 duplexes totaling 4 units; all occupied and professionally managed; Duplex units are 2 bed / 1 bath; duplex rents total $2,150; Vacant apartment building on‑site has begun being gutted and is ready for renovation