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2405 N Sheridan Road, Peoria, IL 61604

$309,000

4,100 sq ft
MLS# 1255182
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4 Apartments total.

Unit 1 is a main level and Unit 2 is an upper unit these are the same floor plan. Each has 3 bedrooms with 1 bath offering large living room and dining room. 1300 square feet each these Apartments are spacious and have natural woodwork and wood floors. Unit 3 is a 1 bedroom with its own private entrance off the back side and Parking in back. Unit 4 is a studio this unit has street front, lower level entrance. This Brick property has all new windows. Roof was done in 2015 and is well maintained. Fully rented. Monthly income is $3075. Annual income $36,900. At the ask price this is a 7.7% cap rate calculated with 35% in expenses. Currently the owner pays water. Tenants pay their own Gas and Electric. Tenants rights will need 24- 28 hours to confirm showings. Currently has single person management team. Leases and rent rolls available.

Property Details

City
Peoria
County
Peoria
Subdivision
Altamont Park
Schools
  • Peoria High
Type
Residential Income
Garage
  • Parking Pad
New Construction
No
Square Ft.
4,100
Apx Lot Size
45 x 125
Year Built
1925

Features

Roofing
  • Shingle
Garage/Parking
  • Parking Pad
Basement
  • Finished
  • Full
Heating/Cooling
  • Gas
Water/Sewer
  • Public Sewer
  • Public
Laundry Facilities
  • Common Area
Lease Information
  • One Year Or Less

Financials

2023 Taxes
2231.74
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Keller Williams Premier Realty, Cathy Algas, as of 02/01/2025 15:15pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.