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2613 W Wardcliffe Dr, Peoria IL 61604 2613 W Wardcliffe Dr 8 Unit Apartment Building $595,000 ($74,375/Unit) Peoria, IL 61604
Executive Summary
Solid multi-family asset with 8 total units! There are two buildings with 4 units in each, totaling 8 units. Each unit features 2 bedrooms and 1 bath. Owner pays water, sewer, and trash. 7 out of 8 units occupied. Tenants pay gas and electric, and each unit includes its own laundry hookups for added convenience.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$81,600
|
$10.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,200
|
$1.35
|
| Effective Gross Income |
$71,400
|
$9.42
|
| Taxes |
$9,832
|
$1.30
|
| Operating Expenses |
$19,928
|
$2.63
|
| Total Expenses |
$29,760
|
$3.93
|
| Net Operating Income |
$41,640
|
$5.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $81,600 |
| Annual Per SF | $10.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $10,200 |
| Annual Per SF | $1.35 |
| Effective Gross Income | |
|---|---|
| Annual | $71,400 |
| Annual Per SF | $9.42 |
| Taxes | |
|---|---|
| Annual | $9,832 |
| Annual Per SF | $1.30 |
| Operating Expenses | |
|---|---|
| Annual | $19,928 |
| Annual Per SF | $2.63 |
| Total Expenses | |
|---|---|
| Annual | $29,760 |
| Annual Per SF | $3.93 |
| Net Operating Income | |
|---|---|
| Annual | $41,640 |
| Annual Per SF | $5.49 |
Property Facts
| Price | $595,000 | Building Class | C |
| Price Per Unit | $74,375 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 7,578 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 1.57/1,000 SF |
| Price | $595,000 |
| Price Per Unit | $74,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,578 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.57/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $850.00 | 1,004 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-31-131-007 | Total Assessment | $108,700 (2024) |
| Land Assessment | $10,270 (2024) | Annual Taxes | $9,832 ($1.30/SF) |
| Improvements Assessment | $98,430 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
14-31-131-007
Land Assessment
$10,270 (2024)
Improvements Assessment
$98,430 (2024)
Total Assessment
$108,700 (2024)
Annual Taxes
$9,832 ($1.30/SF)
Tax Year
2025
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2613 W Wardcliffe Dr, Peoria IL 61604 | 2613 W Wardcliffe Dr
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