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1611 W Barker Avenue Peoria, IL 61606 Multi Unit - Multiple Active

  • 1611 W Barker Avenue, Peoria, IL 61606 Main Photo

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Description

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 Highlights

Property Type: Multi Unit - Multiple

General Information

County: Peoria
High School: Peoria High
Subdivision: Callender Ayres
Listed By:
RE/MAX Traders Unlimited Mobile: 309-323-0399
RMLSA
$299,000
Est. $1,989/mo
Active
BEDS0 BATHS0 MLS#PA1267941
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCallender Ayres SCHOOLPeoria High

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1611 W Barker Avenue, Peoria, IL 61606.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $299,000$299,000$299,000
Down Payment $59,800$10,465$74,750
Monthly Mortgage Amount $1,473$1,808$1,847
Taxes $416$416$416
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$132$0
Monthly Estimated Total $1,989$2,456$2,363

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