Homes for sale - 2826 NE MADISON AVE, Peoria, IL 61603

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,549 sqft

Price per Sqft $51

Subdivision Fairholm

MLS Listing ID PA1257828

Year Built 1930

Annual Tax Amount $2,757

Tax Year 2024

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 47x132

Property Sub-Type Residential Income

Source rmlsa

Property Description

Your next investment opportunity awaits! This fully rented 4-unit, 2-story property offers strong cash flow potential with recent updates already completed. Each apartment features durable roll vinyl flooring and renovated bathrooms. Other improvements include new flooring throughout, roof repairs (2024), updated water heater (2024), and partial electrical upgrades. Tenants provide their own appliances and are responsible for all utilities, minimizing owner expenses. Whether you're looking to expand your portfolio or begin your real estate investment journey, this low-maintenance, income-producing property is a smart choice. Don't miss out on this turnkey multi-family opportunity!

Location

State IL

County Peoria

Area Paar Area

Zoning Residential

Direction NE Adams St to NE Madison Ave

Rooms

Basement Full

Interior

Heating Forced Air,Natural Gas,Hot Water,Gas Water Heater

Fireplace N

Laundry None

Exterior

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 4

Garage 1

Building

Lot Description Level

Faces NE Adams St to NE Madison Ave

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1388127Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":850,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1388127Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1388127Group_3\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":850,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1388127Group_4\"}]

Foundation Block

Water Public Sewer,Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Glen Oak

Middle Schools Lincoln

High Schools Peoria High

Others

Tax ID 14-35-307-001