1120 Corrington AvePeoria, IL 61603

For Sale
$362,500

Five-unit Peoria apartment complex, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
93
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
Multifamily properties, Apartment buildings
Buildings
5
Units
5

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7218021
Longitude
-89.5781477
1120 Corrington Ave, Peoria, Illinois

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1120 Corrington Ave
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