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    123 Jefferson Ave Peoria, IL 61602

    Sponsored
    For Sale
    Contact for pricing

    Downtown Peoria condo investment.

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity in downtown Peoria, Illinois, presents 12 residential condominium units at 123 & 125 SW Jefferson Avenue, zip code 61602. The property offers a diverse mix of unit configurations, including two one-bedroom, one-bathroom units

    Property Features for 123 Jefferson Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1 SF

    Building Details

    Units
    12

    HighLights

    • 8 high‑rise condo units in downtown Peoria, IL.
    • Two 1‑bedroom, 1‑bathroom units.
    • One 1‑bedroom, 1.5‑bathroom unit.
    • One 2‑bedroom, 1‑bathroom unit.
    • Three 2‑bedroom, 2‑bathroom units.
    • One 3‑bedroom, 2‑bathroom unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twin Towers Place Condominium Complex Security Alert Company Security System Supplier Twin Towers Garage Parking Garage Twin Towers Condominiums Condominium Complex

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.59202
    Latitude
    40.6926339

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Peoria condo investment.
    Where is this multifamily property located?
    The property is located at 123 Jefferson Ave Peoria, IL.
    What are key features of this property?
    This property features: 8 high-rise condo units in downtown Peoria, IL.; Two 1-bedroom, 1-bathroom units.; One 1-bedroom, 1.5-bathroom unit.
    Request Owner's contact information
    123 Jefferson Ave Peoria, IL 61602
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    Peoria, IL 61602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Jefferson Ave Peoria, IL 61602
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