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501 W Columbia Terrace, Peoria, IL 61606

$390,000

4,900 sq ft
MLS# 1261708
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HUGE ALL-BRICK TRIPLEX! Incredible investment opportunity offering three spacious 3-bedroom units, each approximately 1,600–1,700 sq ft.

This solid brick property has been extensively updated, featuring a 2024 roof, 2024 furnaces and A/C units, newer electrical, one new water heater, new bathroom vanities, new washers and dryers, and multiple newer appliances. Main and lower unit have common laundry room. Upper level has laundry in unit. The upper and lower-level units are currently vacant and ready to rent, providing immediate income potential. Each unit offers generous living space and functional layouts, making this property ideal for owner-occupants or investors alike. With listed Section 8 rental potential of $1,500+ per 3-bedroom unit, this triplex could bring in $4,500+ per month when fully occupied. Don’t miss your chance to own this well-maintained, income-producing property with significant updates already completed!

Property Details

City
Peoria
County
Peoria
Subdivision
Wheeler
Schools
  • Peoria High
Type
Residential Income
Garage
  • Attached
New Construction
No
Square Ft.
4,900
Acres
0.15
Apx Lot Size
1030x48x130x49
Year Built
1930

Features

Roofing
  • Rubber
  • Shingle
Garage/Parking
  • Attached
Basement
  • Finished
Heating/Cooling
  • Forced Air
Water/Sewer
  • Public Sewer
  • Public
Road/Access
  • Paved
Laundry Facilities
  • Common Area
  • Private
Lease Information
  • One Year Or Less

Financials

2024 Taxes
5169.32
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Sarah Knickerbocker, as of 10/20/2025 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.