1209 N NORTH ST Active Save Request In-Person Tour Request Virtual Tour
Peoria,IL 61606
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
Property Sub-Type Commercial
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
Interior
Heating Forced Air,Natural Gas
Cooling Multi Units,Wall/Window Unit(s)
Flooring Carpet,Concrete,Tile
Exterior
View true
Roof Type Composition,Sloped
Building
Sewer Public Sewer
Water Municipal/City
Structure Type Vinyl Siding,Block,Brick,Frame