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Renovated Duplex with Updated Interiors
For Sale
$155,000

723 W Armstrong Ave, Peoria, IL 61606

Leased two-unit property with refreshed kitchens, flooring, paint, and bathrooms.

Property Size2,076 SF
Price / SF$74.66
Days on Market24

Property Features for 723 W Armstrong Ave

General Information

Standard status Active
Size 2,076 SF
Property subtype Multi-Family

Building Details

Year Built 1930
Listing Agency: Keller Williams Revolution
Listed By: Michelle Tribe · License #475182592
Source: Schaublerealty
Added: Aug 9 Changed: Aug 31 Last Checked: Aug 30 at 8:35PM

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 Keller Williams Revolution

Investment Insights

Based on property information with market context.

This 2,076-square-foot duplex, built in 1930, contains two distinct residential units. The first offers 2 bedrooms and 1 bathroom, while the second includes 3 bedrooms and 2 bathrooms. Both residences have received updates to their kitchens, flooring, paint, and bathrooms, creating refreshed living spaces throughout.

Each unit is currently leased. The property is located at 723 W Armstrong Ave in Peoria, Illinois, and is being offered in its current condition. Showings require 24–48 hours’ notice.

Key Highlights

  • 2,076 SF duplex built in 1930
  • Unit mix includes 2 bedrooms/1 bathroom and 3 bedrooms/2 bathrooms
  • Both units are currently leased

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Garden Center Kitchen & Bath Showroom Acupuncture Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

1,517
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Leased two-unit property with refreshed kitchens, flooring, paint, and bathrooms.
Where is this duplex located?
The property is located at 723 W Armstrong Ave Peoria, IL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 2,076 SF duplex built in 1930; Unit mix includes 2 bedrooms/1 bathroom and 3 bedrooms/2 bathrooms; Both units are currently leased
More about this property
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