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919 W 3rd St 919 W 3rd St 4 Unit Apartment Building $175,000 ($43,750/Unit) Peoria, IL 61605
INVESTMENT HIGHLIGHTS
- Fully renovated four-unit brick building with classic charm
- Separate utility meters and dedicated tenant storage
- Strong rental demand supported by Peoria’s vibrant economy
- Convenient rear parking and covered porch feature
EXECUTIVE SUMMARY
This stately, all-brick four-unit property offers a prime investment opportunity in Peoria’s growing rental market. Recently renovated, the building combines classic architectural details with modern updates, creating a desirable living environment for tenants. Each unit features one bedroom and one bathroom, with the second-floor unit enjoying a private covered porch. Upgrades include restored wood trim and built-ins, new flooring, fresh paint, and updated appliances throughout. A full, unfinished basement provides dedicated storage for each unit and hookups for shared laundry facilities.
The property is separately metered for gas and electric, ensuring streamlined utility management. Parking is available on a rear slab, adding convenience for residents. Three units are currently leased at competitive rates, generating steady income, while one unit remains vacant and ready for immediate occupancy. Located near major thoroughfares and within minutes of downtown Peoria, this asset benefits from strong connectivity and proximity to retail, employment centers, and cultural attractions.
The property is separately metered for gas and electric, ensuring streamlined utility management. Parking is available on a rear slab, adding convenience for residents. Three units are currently leased at competitive rates, generating steady income, while one unit remains vacant and ready for immediate occupancy. Located near major thoroughfares and within minutes of downtown Peoria, this asset benefits from strong connectivity and proximity to retail, employment centers, and cultural attractions.
PROPERTY FACTS
| Price | $175,000 | Building Class | C |
| Price Per Unit | $43,750 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,488 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $175,000 |
| Price Per Unit | $43,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,488 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
1 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 18-08-276-011 | Improvements Assessment | $20,220 |
| Land Assessment | $1,460 | Total Assessment | $21,680 |
PROPERTY TAXES
Parcel Number
18-08-276-011
Land Assessment
$1,460
Improvements Assessment
$20,220
Total Assessment
$21,680
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