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    2028 Adams St Peoria, IL 61602

    Sponsored
    For Sale
    $200,000

    19 Units, 3 Buildings, High Rental Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Peoria, IL investment property, located at 2028 SW ADAMS Street, 61602, presents a lucrative opportunity. The property encompasses three buildings totaling 19 units, offering a diverse income stream. The main building features a storefront shop and three apartments, recently updated with a new roof. A second building houses nine band rooms, one of which includes a recording studio, currently generating rental income. Six garages provide additional revenue

    Property Features for 2028 Adams St

    General Information

    Property type
    Multifamily properties

    Building Details

    Buildings
    3
    Units
    19
    Property Profile Location Intelligence

    Current Use by Public Records

    A1Inc Music Publisher Studio 61 Recording ... Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6122652
    Latitude
    40.6766922

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    FAQs

    What type of property is this?
    Multifamily property - 19 Units, 3 Buildings, High Rental Income
    Where is this multifamily property located?
    The property is located at 2028 Adams St Peoria, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    Request Owner's contact information
    2028 Adams St 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
    2028 Adams St Peoria, IL 61602
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