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3812-3814 N Sheridan Knolls Ct #2, Peoria, IL, 61614

5beds
3baths
2,195sqft
$180,000
$82price/sqft
$1,540/moest. monthly cost
$61,600/yrincome needed

About This Home

EXCELLENT INVESTMENT OPPORTUNITY! This all-brick duplex features one 3-bedroom, 1.5-bath unit and one 2-bedroom, 1-bath unit, the property currently generating a gross annual rental income of $21,600 offering very low maintenance costs. One unit is currently rented, with a long-term tenant. With the other unit currently vacant and has a signed lease from 1May26. Current rents are below market, providing strong potential for increased income. Each unit has large rooms and its own basement. Located in a highly desirable area, the property is centrally situated within walking distance to Hy-Vee and close to bus transportation. Tenants pay for electricity, gas, and water. Improvement includes: Unit 3812: New Refrigerator in Sep '25 Unit 3814: Fresh paint, doors, trim, cabinet, refurbished hardwood in bedrooms, new light fixtures, front door paint, casing in living room installed, blinds installed throughout in Jan '25

Getting Around

64
WalkingSomewhat Walkable
34
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

4/10
5/10
1/10
Peoria High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1963

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Range,Refrigerator,Water Heater
  • Laundry features: Private

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • High Speed Internet

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,195
  • Total interior livable area: 2,195 sqft

Property

Details

  • Parcel number: 1428151007
  • Zoning description: Residential

Lot

  • Lot size: 8,276 sqft
  • Features: Level
  • Lot size dimensions: 100 x 56

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Tornado
Hail
Heat Wave
Ice Storm
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $910$10,920
Home Insurance *$140$1,680
Property Taxes $322$3,864
Electricity $168$2,025
Total$1,540$18,480
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,800/yr
40% on housing$46,200/yr
45% on housing$41,066/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.7%
12.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$82This listing

vs Other Active Listings

Avg $/sqft

ZIP 61614$117
Peoria County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 61614$105
Peoria County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-05Listed for sale$180,000

For Sale by Agent

AgentVenky Basam
BrokerageKeller Williams Premier Realty

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