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523 Sanford Street 1-10, East Peoria, IL 61611

$325,000

3,956 sq ft
CLS# 1260290
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EXCELLENT INVESTMENT OPPORTUNITY! This 10-unit property generates strong cash flow with the smallest unit renting at $450/month and all others at $650/month. Current net income is approximately $28,000 annually with plenty of upside potential for increased rents.

Don’t miss your chance to own a solid income-producing property with room to grow! Each of the stand alone units (1,2,3,4,10) have their own gas and electric meters. The block building units 5, 6, 7, 8, 9 all work off one gas, electric meter. Units 5, 6, 7, 8, 9 are serviced off one gas water heater that is in the closet of #7. The stand alone units all have gas water heaters, gas furnaces, gravity type wall , #3 has a gas forced air unit. All units come with working gas range stove and electric fridges. The only exception is #8, seller hasn't replaced it.

Property Details

City
East Peoria
County
Tazewell
Type
Commercial Sale
New Construction
No
Zoning
Res
Square Ft.
3,956
Avail Square Ft.
3,956
Acres
0.41
Apx Lot Size
299x60
Year Built
1948

Features

Roofing
  • Composition Shingle
Heating/Cooling
  • Electric
  • Natural Gas
  • Individual Unit
  • Other
Utilities Available
  • Water Available
Lease Information
  • Yearly Renewal

Financials

2024 Taxes
4158.7
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Keller Williams Premier Realty, Troy Kerrn, as of 09/07/2025 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.