1106 NE JEFFERSON AVE Pending Save Request In-Person Tour Request Virtual Tour
Peoria,IL 61603
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Pending
Purchase Type For Sale
Square Footage 2,264 sqft
Price per Sqft $50
MLS Listing ID PA1257889
Year Built 1920
Annual Tax Amount $2,439
Tax Year 2024
Property Sub-Type Residential Income
Property Description
2-story, residential, 4-plex fully occupied with stable tenants. Each of the four units features 1 bedroom, 1 bathroom, and a functional kitchenette, offering efficient, low-maintenance living spaces. A shared laundry area is conveniently available for all residents and provided by the landlord. Water, sewer, and garbage collection services are also covered by the landlord, adding value and ease for tenants. Tenants manage lawn care and snow removal, valued at $600/year, in exchange for a $50 monthly rent credit, promoting shared responsibility and cost savings. All units are on month-to-month lease agreements, providing flexibility for future ownership plans. This is a solid income-producing property with minimal overhead and strong rental demand. Ideal for investors seeking a turnkey, low-vacancy opportunity.
Location
State IL
County Peoria
Area Paar Area
Zoning Residential
Interior
Heating Natural Gas,Hot Water,Gas Water Heater
Laundry Common Area,Owned Equipment
Exterior
View true
Roof Type Shingle
Building
Lot Description Level
Foundation Block
Water Public Sewer,Public
Structure Type Masonite
New Construction false
Schools
Elementary Schools Glen Oak
Middle Schools Lincoln
High Schools Woodruff