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2826 Ne Madison Avenue, Peoria, IL 61603

$130,000

2,549 sq ft
MLS# 1257828
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Your next investment opportunity awaits! This fully rented 4-unit, 2-story property offers strong cash flow potential with recent updates already completed.

Each apartment features durable roll vinyl flooring and renovated bathrooms. Other improvements include new flooring throughout, roof repairs (2024), updated water heater (2024), and partial electrical upgrades. Tenants provide their own appliances and are responsible for all utilities, minimizing owner expenses. Whether you're looking to expand your portfolio or begin your real estate investment journey, this low-maintenance, income-producing property is a smart choice. Don’t miss out on this turnkey multi-family opportunity!

Property Details

City
Peoria
County
Peoria
Subdivision
Fairholm
Schools
  • Glen Oak
  • Lincoln
  • Peoria High
Type
Residential Income
Garage
  • Parking Pad
New Construction
No
Zoning
Residential
Square Ft.
2,549
Acres
0.13
Apx Lot Size
47x132
Year Built
1930

Features

Roofing
  • Shingle
Garage/Parking
  • Parking Pad
Basement
  • Full
Heating/Cooling
  • Forced Air
  • Natural Gas
  • Hot Water
  • Gas Water Heater
Water/Sewer
  • Public Sewer
  • Public
Road/Access
  • Paved
Laundry Facilities
  • None
Lease Information
  • Variable

Financials

2024 Taxes
2757.58
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Jim Maloof Realty, Inc., Ryan Blackorby, as of 05/20/2025 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.