1924 Adams St Peoria, IL 61602

This exceptional three-story brick building presents a unique investment opportunity in Peoria, Illinois. Located at 1924 SW Adams St, this 8,000 square foot property sits on a 0.44-acre lot at the corner of SW Adams and Olive Streets, offering convenient access to downtown Peoria and major interstates. The property currently operates as a 14-unit communal living facility, complete with a full kitchen boasting ample storage space. A significant advantage is the inclusion of a full gymnasium located in the basement, providing residents with valuable amenities. The building features a convenient circle drive and on-site parking. Its strategic location places it within a two-block radius of several established businesses, including Peoria Architectural Salvage, UFS, Plaza Tire, Moser's Shoes, and Mr. Towit's. The vibrant downtown area, just minutes away, offers a diverse mix of retail, office, residential, and art spaces, ensuring strong potential for tenant occupancy and future appreciation. This Class C multifamily property represents a compelling investment opportunity in a thriving urban setting. The asking price is $360,000.