1310 Samuel Ave, Peoria Heights, IL 61616

This exceptional investment opportunity presents a package of four luxury condo units located at 1310 E Samuel Ave, Peoria Heights, IL 61616. The property, part of a larger building containing 12 residential and one commercial unit, boasts a prime location near Peoria Heights' vibrant restaurants, boutiques, and amenities. These four units, totaling 5,587 net rentable square feet within a 19,500 square foot building, represent a Class A multifamily asset built in 2021 and renovated in 2023. The four-story building sits on APN 14-22-409-007, 14-22-409-005, 14-22-409-004, and 14-22-409-008, and is zoned R. Currently operating at 100% occupancy, the portfolio includes three long-term rentals and one short/medium-term rental managed by a property management group. The asking price is $1,680,275, representing a price per square foot of $301 and a price per unit of $420,069. This net lease investment offers a compelling 6.63% cap rate. Attractive seller financing options are available, with projected Internal Rate of Return (IRR) exceeding 24% after five years under seller financing or interest-only financing scenarios. Convenient access to numerous attractions, including rooftop bars, Tower Park, the Rock Island Trail, Junction City Shopping Center, Keller Station, and the Country Club of Peoria, further enhances the investment's appeal. Detailed information and photos are available in the Offering Memorandum.