1120 Corrington Ave, Peoria, IL 61603
This exceptional investment opportunity presents a portfolio of five single-family homes operating as a five-unit apartment complex in Peoria, Illinois. Located at 1120 E Corrington Avenue and encompassing multiple addresses, this property offers a compelling return on investment with a current gross monthly income of $4,975. The individual units boast varying lease terms, with 1120 E Corrington currently leased until February 28, 2025 at $1175 per month; 818 NE Monroe leased until January 31, 2025 at $825 per month; 313 E Thrush leased until April 30, 2025 at $875 per month; 2710 W Marquette leased until April 30, 2025 at $1200 per month; and 3210 W Proctor leased until April 30, 2025 at $900 per month. Detailed lease agreements are available upon request. The asking price for this entire portfolio is $362,500. This property is ideal for investors seeking a multi-unit rental property with established tenancy and strong cash flow in a desirable Peoria location. The property consists of five buildings situated on land totaling [Land size not specified in provided data]. Further details regarding individual property MLS numbers (PA1248240, PA1248242, PA1248223, PA1248238, and PA1248241) are available. This is a turnkey investment opportunity ready for immediate income generation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.