919 W 3rd St - Apartments FOR SALE


Peoria, IL 61605- Downtown Peoria
$175,000 USD
309-323-0399
919 W 3rd St, Peoria, IL for Sale
$175,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

919 W 3rd St
Peoria, IL 61605
Downtown Peoria


HIGHLIGHTS

  • Fully renovated four-unit brick building with classic charm
  • Strong rental demand supported by Peoria’s vibrant economy
  • Separate utility meters and dedicated tenant storage
  • Convenient rear parking and covered porch feature

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

4

PRICE/UNIT

$43,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

919 W 3rd St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

18-08-276-011

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.