224 & 224½ GRANDVIEW Avenue, East Peoria, IL, 61611
RE/MAX Traders UnlimitedBasics
- Date added: Added 2 days ago
- Category: Residential Income
- Type: Residential Income
- Status: Active
- Year built: 1939
- SubdivisionName: Highland Park
- ListOfficeName: RE/MAX Traders Unlimited
- ListAOR: rmlsa
- MLS ID: RMAPA1266400
Description
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Description:
Welcome to a savvy investor's dream — a charming one-bedroom home with an accessory dwelling unit delivering instant income potential from day one. This delightful setup features a cozy main house with one bedroom, one bathroom, an inviting open front porch, and a versatile enclosed back porch perfect for relaxing year-round or extra storage. A stacked washer and dryer come included, making this home a tenant favorite. The real magic? The detached garage has been cleverly converted into a fully functional studio apartment, complete with one bedroom and one bathroom. Both units are currently occupied with active leases, meaning your cash flow starts immediately. The main residence brings in $850 monthly, while the studio generates $640 per month plus a utility fee. That is nearly eighteen thousand dollars in annual rental income waiting for you. Location sweetens the deal with nearby public transit, lovely Fondulac Park West just minutes away, and convenient shopping at the Levee District close at hand. Whether you are looking to add to your portfolio or just beginning your investment journey, this turnkey property would be a great fit!
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Location
- CountyOrParish: Tazewell
- Directions: Rt. 29 to Pekin Ave., Right on Highland, Left on Grandview, Home on Right
Building Details
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
