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1823-1825 N Linn St, Peoria, IL, 61604

4beds
2baths
2,038sqft
$75,000
$37price/sqft
$765/moest. monthly cost
$30,600/yrincome needed

About This Home

Own Your Home While Someone Else Helps Pay Your Mortgage! Whether you're purchasing your first home or adding to your investment portfolio, this affordable duplex offers an outstanding opportunity to build equity while generating rental income. Live in one spacious apartment while your tenant helps pay your monthly mortgage, or rent both units for excellent cash flow. This up/down duplex features two spacious 2-bedroom, 1-bath apartments and is conveniently located near shopping, schools, hospitals, restaurants, and major transportation routes. The area continues to experience strong rental demand, making this an excellent long-term investment. MLS# PA1268344 Recent improvements include: Furnace approximately 4 years old Water heater approximately 1 year old South roof approximately 4 years old Rear roof approximately 8 years old Nine newer windows Beautiful hardwood floors Investors will appreciate the opportunity to increase rents over time, providing additional income and long-term appreciation potential. The generous lot also offers the possibility of adding a 2-car garage, creating even greater value and future rental income. Cap Rate: 18.8% A tree recently fell on one corner of the home. The tree will be completely removed prior to closing, and the affected corner of the home will be professionally repaired by the seller before closing. Property is being sold AS IS. Digitally enhanced photos have been used for presentation purposes. Broker is a principal to the

Getting Around

64
WalkingSomewhat Walkable
34
TransitSome Transit
54
BikeBikeable

Schools

2/10
3/10
1/10
Peoria High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1880

Materials

  • Roof: Shingle

Type & Style

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

Interior

Appliances

  • Appliances included: Range,Refrigerator,Water Heater

Basement

  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,038
  • Total interior livable area: 2,038 sqft

Property

Details

  • Parcel number: 1804127026

Lot

  • Lot size: 9,147 sqft
  • Features: Level
  • Lot size dimensions: 50 x 183

Parking

  • Total spaces: 2
  • Parking features: On Street,Parking Pad
  • Has uncovered spaces: Yes