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7416-7418 N Patton Lane, Peoria, IL 61614

$310,000

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3,420 sq ft
MLS# 1261348
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COMING SOON: 2BR/2BA Duplex in North Peoria! A fantastic opportunity awaits with this updated and income-producing duplex situated on a tree-lined corner lot in a wonderful neighborhood.

Well-maintained and move-in ready, the property offers generous living space and modern updates throughout, including newer windows, HVAC, kitchen finishes, and convenient in-unit laundry with 2020 washers and dryers included. Investors will appreciate the ease of ownership with minimized maintenance, reliable tenants, and strong financial performance. Currently bringing in $34,800 annually in gross rental income with long-term tenant stability, this duplex offers immediate cash flow plus future upside to maximize ROI. Fully leased and producing consistent monthly income from day one, the property is ideally located near Richwoods, Liberty, and Kellar schools, as well as shopping, dining, recreation, quick interstate & downtown access for commuters. KEY HIGHLIGHTS: - Fully occupied and investor-ready (immediate income from day one) - - Strong rental history with reliable tenants - - Low-maintenance updates and modern finishes - - Convenient location close to schools, hospitals, downtown & more Whether you’re expanding your portfolio or planning to live in one unit while renting out the other, this property checks all the boxes for stability, income, and long-term growth potential. Also inquire about additional available properties (MLS#1261347 / #1261349))

Property Details

City
Peoria
County
Peoria
Subdivision
Versailles Garden
Schools
  • Richwoods
Type
Residential Income
Garage
  • Attached
  • Other
  • Garage Door Opener
New Construction
No
Zoning
R2
Square Ft.
3,420
Acres
0.33
Apx Lot Size
97x111x121x145
Year Built
1968

Features

Roofing
  • Shingle
Garage/Parking
  • Attached
  • Other
  • Garage Door Opener
Basement
  • Finished
  • Partial
Heating/Cooling
  • Electric
  • Forced Air
Water/Sewer
  • Public Sewer
  • Public
Road/Access
  • Paved
Laundry Facilities
  • Owned Equipment
  • Units Hook-Ups
Lease Information
  • Month To Month

Financials

2024 Taxes
8314.64
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Wendy Kolbus, as of 10/02/2025 23:30pm 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.