Homes for sale - 1209 N NORTH ST, Peoria, IL 61606

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Kyle Robinson

kylerobinson@epique.me +1(563) 505-1806

Listed by Justin Ball • RE/MAX Traders Unlimited

$ 420,000

Est. payment | -/mo

8,917 SqFt

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$ 420,000

Est. payment | -/mo

Save

8,917 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,917 sqft

Price per Sqft $47

MLS Listing ID PA1262383

Year Built 1920

Annual Tax Amount $5,409

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Commercial

Source rmlsa

Property Description

This 17 unit building is generating great cashflow and has room for renovating/finishing 2 additional 1 Bed/1 Bath units for increasing rents. Currently there are 13 units rented or ready to rent (11 1 bed/1bath units, a 2/2 and 1 studio), two of which are combined smaller units into larger to create the 2 Bed/2 Bath units and one that combined a studio and a 1 bed/1 bath unit. Zoning certificate available to demonstrate legal, non-conforming use for 17 units. All utilities are paid by the owners and tenants pay flat cash rates for rent except for one tenant on PHA/Section 8 voucher. The units could be rented as Section 8/PHA. The 2 units that could be renovated and leased are stripped down and plumbed currently. Owner will consider Seller Financing/Contract for Deed with $150,000 down. Unit photos will be available the week of November 21st. Showings only available on vacant units and units needing renovations without an accepted Letter of Intent/Contract. NOI - $48,920 with potential for more through rent increases and renovating the 2 units!

Location

State IL

County Peoria

Area Paar Area

Zoning CN

Direction Near N North Street and Hamilton, parking in rear.

Interior

Heating Forced Air, Natural Gas

Cooling Multi Units, Wall/Window Unit(s)

Flooring Carpet, Concrete, Tile

Fireplace N

Exterior

View true

Roof Type Composition,Sloped

Garage 1

Building

Faces Near N North Street and Hamilton, parking in rear.

Sewer Public Sewer

Water Municipal/City

Structure Type Vinyl Siding,Block,Brick,Frame

Others

Tax ID 18-04-306-035

Security Features Yes

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Kyle Robinson

Team Leader | License ID: S6239700 | 47516300

+1(563) 505-1806 | kylerobinson@epique.me

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1209 N NORTH ST Peoria, IL 61606

Kyle Robinson

Key Details

Location

Interior

Exterior

Building

Others

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1209 N NORTH ST