1823-1825 LINN Street, Peoria, IL, 61604
Realty Executives AcclaimedBasics
- Date added: Added 3 months ago
- Category: Residential Income
- Type: Residential Income
- Status: Active
- Year built: 1880
- UnitNumber: 2
- SubdivisionName: Bunns
- ListOfficeName: Realty Executives Acclaimed
- ListAOR: rmlsa
- MLS ID: RMAPA1265894
Description
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Description:
Own Your Home While Someone Else Helps Pay Your Mortgage! Whether you're purchasing your first home or adding to your investment portfolio, this affordable duplex offers an outstanding opportunity to build equity while generating rental income. Live in one spacious apartment while your tenant helps pay your monthly mortgage, or rent both units for excellent cash flow. This up/down duplex features two spacious 2-bedroom, 1-bath apartments and is conveniently located near shopping, schools, hospitals, restaurants, and major transportation routes. The area continues to experience strong rental demand, making this an excellent long-term investment. Recent improvements include: Furnace approximately 4 years old Water heater approximately 1 year old South roof approximately 4 years old Rear roof approximately 8 years old Nine newer windows Beautiful hardwood floors Investors will appreciate the opportunity to increase rents over time, providing additional income and long-term appreciation potential. The generous lot also offers the possibility of adding a 2-car garage, creating even greater value and future rental income. Cap Rate: 18.8% A tree recently fell on one corner of the home. The tree will be completely removed prior to closing, and the affected corner of the home will be professionally repaired by the seller before closing. Property is being sold AS IS. Digitally enhanced photos have been used for presentation purposes. Broker is a principal to the
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Location
- CountyOrParish: Peoria
- Directions: North on Knoxville West onto Nebraska South onto Linn Home on Left
Building Details
- ParkingTotal: 2
- NewConstructionYN: No
- Heating: Forced Air, Window Unit(s)
- Basement: Unfinished
- Exterior material: Other
- Roof: Shingle
- Parking: On-street, Parking Pad
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
