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Property profile & analytics
OFF-MARKET
Land

4 Harris Rd East Peoria, IL 61611

Property ID
Property summary
AI-generated overview

This exceptional 0.78-0.93 acre lot, part of a larger 3.75-acre parcel being subdivided into four, presents a remarkable opportunity for multi-family development in East Peoria, Illinois. Conveniently located near schools, interstate access, and shopping amenities, this level lot is already zoned R-4 multi-family, making it ideal for apartments, condos, duplexes, townhomes, or row houses. Utilities are available at the street, although buyers should independently verify their proximity to the lot line. The property offers either Briarbrook Drive or Harris Road frontage, depending on the specific lot selected. Please note that the listed address is provisional, as the official address and legal description are pending. The asking price of $79,900 is for this specific parcel, and the final size and price may be subject to negotiation depending on lot availability. Taxes currently reflect the entire undivided parcel. All dimensions are approximate, and buyers are responsible for verifying the suitability of the property for their intended use. This is a rare chance to acquire a well-situated lot in a thriving area, perfect for investors seeking a high-return multi-family project. The proposed lot sizes range from approximately 0.78 to 0.93 acres.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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