1500 Lake Ave Peoria, IL 61614

This exceptional investment opportunity presents a well-maintained six-unit multifamily property situated in the desirable Peoria Heights neighborhood of Peoria, Illinois. The property, located at 1500 E Lake Avenue, zip code 61614, consists of three buildings on a 0.56-acre lot. Each building is a duplex, offering a total of six units. All six units are configured as one-bedroom, one-bathroom apartments, each featuring the convenience of private laundry facilities. The property boasts significant recent upgrades, including new roofs installed within the past four to five years. This turnkey investment requires no immediate capital expenditures, allowing for immediate rental income generation. Built in 1969, this property offers a strong foundation for long-term growth and profitability in a highly sought-after location. The asking price for this exceptional multifamily investment is $450,000. This represents a compelling opportunity for investors seeking a stable and immediately profitable addition to their portfolio. The property's location in Peoria Heights ensures strong tenant demand and consistent rental income.