For Sale
$362,500

1120 Corrington Ave Peoria, IL 61603

Five-unit Peoria apartment complex, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a portfolio of five single-family homes operating as a five-unit apartment complex in Peoria, Illinois. Located at 1120 E Corrington Avenue and encompassing multiple addresses, this property offers a compelling return on investment with a current gross monthly income of $4,975. The individual units boast varying lease terms, with 1120 E Corrington currently leased until February 28, 2025 at $1175 per month; 818 NE Monroe leased until January 31, 2025 at $825 per month; 313 E Thrush leased until April 30, 2025 at $875 per month; 2710 W Marquette leased until April 30, 2025 at $1200 per month; and 3210 W Proctor leased until April 30, 2025 at $900 per month. Detailed lease agreements are available upon request. The asking price for this entire portfolio is $362,500. This property is ideal for investors seeking a multi-unit rental property with established tenancy and strong cash flow in a desirable Peoria location. The property consists of five buildings situated on land totaling [Land size not specified in provided data]. Further details regarding individual property MLS numbers (PA1248240, PA1248242, PA1248223, PA1248238, and PA1248241) are available. This is a turnkey investment opportunity ready for immediate income generation.

Highlights

  • Asking Price: $362,500
  • Multifamily property consisting of five (5) units in five (5) buildings.
  • Property type: Land, Multifamily (Duplex/Triplex/Quadruplex).
  • Located at 1120 E Corrington Avenue, Peoria, IL 61603.
  • Gross monthly income: $4,975.

Property Details for 1120 Corrington Ave

Property type
Land, Apartment buildings
Buildings
5
Units
5

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7218021
Longitude
-89.5781477

FAQs

What type of property is this?
Land - Five-unit Peoria apartment complex, strong rental income.
Where is the land located?
The property is located at 1120 Corrington Ave Peoria, IL.
What is the asking price?
The asking price for this property is $362,500.
What are key features of this property?
This property features: Asking Price: $362,500; Multifamily property consisting of five (5) units in five (5) buildings.; Property type: Land, Multifamily (Duplex/Triplex/Quadruplex).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1120 Corrington Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message