1611 W Barker Ave - Apartments FOR SALE


Peoria, IL 61606- West Peoria
$299,000 USD
309-323-0399
1611 W Barker Ave, Peoria, IL for Sale
$299,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

1611 W Barker Ave
Peoria, IL 61606
West Peoria


HIGHLIGHTS

  • Completely Renovated
  • Current Property Management can Continue Seamlessly
  • Stabilized, High Cashflow

OVERVIEW

Completely renovated triplex near Moss Avenue and Bradley University. This high cashflow investment property was fully renovated in 2025-2026 with a new roof, HVAC, appliances (including dishwashers and washers/dryers), wiring, plumbing, flooring, bathrooms and kitchens, and should require little to no maintenance and repairs for years to come. The property has two of the three units (upper and lower units) currently leased with annual leases and the main level unit has just been advertised. The total monthly rents are $3400 and tenants pay all utilities except sewer and stormwater (water is billed back pro-rata, third electric meter is currently being installed in July). The garage has two parking spaces, one for each of the larger units. This is an excellent opportunity to purchase a stabilized, renovated investment property. Property management is in place and can be continued seamlessly.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

3

PRICE/UNIT

$99,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-4

APN/PARCEL ID

1808106020

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.