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Description
Investor opportunity in Peoria! This triplex property offers strong income potential and long-term upside. Featuring 5 total bedrooms and 3 bathrooms, the building includes multiple units with spacious layouts and a mix of 1- and 3-bedroom configurations. The property offers approximately 2,220 square feet and was originally built in 1900, providing classic character with value-add potential. Located in Peoria?s North Valley neighborhood, the property sits near local schools, downtown Peoria amenities, and major roadways for convenient access throughout the city. Currently generating $2,300 per month in rental income, this property presents an opportunity for investors looking to increase rents, improve units, or add to their rental portfolio. Whether you?re a seasoned investor or just starting out, this triplex offers the chance to build equity and grow cash flow in an established rental market. Seller pays water, tenants pay gas and electric.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Peoria
High School: Manual
Subdivision: Morton
Listed By:
Keller Williams Premier Realty
Office: 309-282-1555
RMLSA
MLS ID: PA1264732
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1003 NE Monroe Street, Peoria, IL 61603.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $154,900 | $154,900 | $154,900 |
| Down Payment | $30,980 | $5,422 | $38,725 |
| Monthly Mortgage Amount | $733 | $888 | $942 |
| Taxes | $216 | $216 | $216 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $68 | $0 |
| Monthly Estimated Total | $1,049 | $1,272 | $1,258 |