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1620 W Fredonia Ave, Peoria, IL, 61606

6beds
3baths
1,648sqft
$168,000
$102price/sqft
$1,564/moest. monthly cost
$62,560/yrincome needed

About This Home

PRIME BRADLEY UNIVERSITY INVESTMENT OPPORTUNITY! Unlock a phenomenal investment with this multi-family property located at 1620 West Fredonia Avenue, a powerhouse for rental income. Situated just 0.1 miles from Bradley University, this home is a student housing dream, offering an unbeatable walk-to-campus location that tenants will compete for. This two-story duplex is an investor's perfect setup. This Duplex has a total of 6 bedrooms and 2 bathrooms across 1,648 sq. ft. This layout is ideally suited to accommodate up to six students, allowing you to maximize your rental yield and capitalize on the constant demand for student housing. The property also includes a full basement for extra storage and a detached garage - a highly-sought-after amenity for renters. This isn't just a house; it's a turn-key business opportunity. The proximity to campus ensures a consistent pool of tenants and a strong, reliable cash flow. Stop searching for the perfect investment; you've found it. Don't miss your chance to own one of the best rental locations in Peoria's West Bluff.

Getting Around

71
WalkingVery Walkable
33
TransitSome Transit
66
BikeBikeable

Schools

3/10
Whittier Primary SchoolGrades K-40.0 mi
3/10
1/10
Manual High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1924

Materials

  • Roof: Shingle
  • Construction materials: Brick Partial,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater,Dryer,Range,Refrigerator,Washer,Water Heater
  • Laundry features: Owned Equipment

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3

Heating

  • Heating features: Baseboard,Electric,Hot Water,Radiant

Interior Area

  • Total structure area: 1,648
  • Total interior livable area: 1,648 sqft

Property

Details

  • Parcel number: 1808106005

Lot

  • Lot size: 6,534 sqft
  • Features: Level
  • Lot size dimensions: 50 x 132

Parking

  • Total spaces: 6
  • Parking features: Detached