3 Harris Rd East Peoria, IL 61611
This exceptional 0.93-acre lot, part of a larger 3.76-acre parcel in East Peoria, Illinois (61611), presents a prime opportunity for multi-family development. Currently zoned R-4, it's ideally suited for apartments, duplexes, townhouses, or row houses. The seller is open to dividing the larger parcel (05-05-10-300-015) into four individual lots, offering flexibility in acquisition size. While the exact lot dimensions may be subject to negotiation based on market conditions and availability at the time of offer, the proposed 0.93-acre lot is level and cleared, located behind a Dollar General store in an established neighborhood with convenient access to utilities. Its proximity to a grade school adds to its appeal. The property enjoys a strategic location, approximately five minutes from Interstate 74-474 and the East Peoria Levee District, providing easy access to Morton, Peoria, Pekin, and Washington. Buyers are responsible for verifying the suitability of the property for their intended use. Note that no official address, legal description, or parcel ID has been assigned to the individual lots yet, except for the entire 3.76-acre parcel. Utility availability at the street is confirmed, but direct access at the lot line requires verification. Asking price is $79,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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