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1505 N Peoria Avenue - 1505 On The Avenue, Peoria, IL

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1505 N Peoria Avenue - 1505 On The Avenue

Peoria, IL 61603 - Central/South MF Submarket

Property Type:Multi-Family Number of Units:101 Status:Existing Year Built:1970
Stories:10 Building Size:70,000 SF Land Area:1.13 AC (49,079 SF)
For Sale Price:$3,500,000 Price/Unit:$34,653.47 Cap Rate:7.51 % GRM:-


Sale Notes:
101 unit urban in-fill multi-family property across the street from OSF Saint Francis Medical Center. Built in 1970, significant add value opportunity by continuing unit upgrades (10% rent bump) and further implementation of RUBS system. High visibility location on Peoria Avenue across from OSF Saint Francis with over 1,500 employees. The Peoria MSA has a population of 380,000 and is home to Forture 50 company, Caterpillar. The competing properties to 1505 boast an average occupancy over 97%.

Triad Real Estate Partners
Shaun Buss
(312) 878-7361

Sean Lyons
(312) 878-7363

Ryan Tobias
(312) 878-7362

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