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1611 W Barker Ave 3 Unit Apartment Building Offered at $420,185 CAD Peoria, IL 61606
Investment Highlights
- Completely Renovated
- Stabilized, High Cashflow
- Current Property Management can Continue Seamlessly
Executive Summary
Completely renovated triplex near Moss Avenue and Bradley University. This high cashflow investment property was fully renovated in 2025-2026 with a new roof, HVAC, appliances (including dishwashers and washers/dryers), wiring, plumbing, flooring, bathrooms and kitchens, and should require little to no maintenance and repairs for years to come. The property has two of the three units (upper and lower units) currently leased with annual leases and the main level unit has just been advertised. The total monthly rents are $3400 and tenants pay all utilities except sewer and stormwater (water is billed back pro-rata, third electric meter is currently being installed in July). The garage has two parking spaces, one for each of the larger units. This is an excellent opportunity to purchase a stabilized, renovated investment property. Property management is in place and can be continued seamlessly.
Property Facts
| Price | $420,185 CAD | Property Type | Multifamily |
| Price Per Unit | $140,062 CAD | Building Size | 1,676 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1920/2026 |
| Zoning | R-4 | ||
| Price | $420,185 CAD |
| Price Per Unit | $140,062 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,676 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2026 |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+3 | 3 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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1611 W Barker Ave
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