1028 Adams StPeoria, IL 61602

For Sale
$3,200,000

44-unit Peoria apartment building, $3.2M

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 44-unit apartment building, known as Persimmon Lofts, presents a compelling investment opportunity in Peoria, Illinois' vibrant Warehouse District. Constructed in 2017, this single building property boasts a prime location at 1028 SW ADAMS Street, zip code 61602. The building features a desirable mix of unique floor plans, catering to a diverse range of tenant preferences. Each of the 44 units includes floor-to-ceiling windows, maximizing natural light and offering stunning views. Residents enjoy a comprehensive suite of amenities, including a secure, lower-level parking garage, 24-hour secured access, an on-site laundry facility, an elevator for convenient access, and a dedicated pet area/courtyard. Adding to its versatility, the main floor currently houses a vacant commercial space, offering potential for additional income through leasing or conversion into two extra apartment units. This property represents a rare opportunity to acquire a well-maintained, high-demand multifamily asset in a thriving urban setting. The asking price for this turnkey investment is $3,200,000.

Highlights

  • $3,200,000 asking price.
  • 44-unit apartment building in Peoria, IL.
  • Located in Peoria's Warehouse District.
  • Built in 2017.
  • Features include floor-to-ceiling windows, laundry facility, 24-hour secured access, secured parking, on-site maintenance, elevator, and pet area.
  • Includes a vacant commercial space on the main floor, convertible to residential units.

Property Details for 1028 Adams St

Property type
Multifamily properties, Apartment buildings
Buildings
1
Units
44

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.6838991
Longitude
-89.6013753
1028 Adams St, Peoria, Illinois

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1028 Adams St
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