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224 & 224½ Grandview Avenue, East Peoria, IL 61611

$129,900

648 sq ft
MLS# 1266400
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Welcome to a savvy investor's dream — a charming one-bedroom home with an accessory dwelling unit delivering instant income potential from day one.

This delightful setup features a cozy main house with one bedroom, one bathroom, an inviting open front porch, and a versatile enclosed back porch perfect for relaxing year-round or extra storage. A stacked washer and dryer come included, making this home a tenant favorite. The real magic? The detached garage has been cleverly converted into a fully functional studio apartment, complete with one bedroom and one bathroom. Both units are currently occupied with active leases, meaning your cash flow starts immediately. The main residence brings in $850 monthly, while the studio generates $640 per month plus a utility fee. That is nearly eighteen thousand dollars in annual rental income waiting for you. Location sweetens the deal with nearby public transit, lovely Fondulac Park West just minutes away, and convenient shopping at the Levee District close at hand. Whether you are looking to add to your portfolio or just beginning your investment journey, this turnkey property would be a great fit!

Property Details

City
East Peoria
County
Tazewell
Subdivision
Highland Park
Schools
  • East Peoria Comm
Type
Residential Income
Garage
  • On Street
New Construction
No
Square Ft.
648
Apx Lot Size
30 x 138
Year Built
1939

Features

Roofing
  • Shingle
Garage/Parking
  • On Street
Basement
  • Full
  • None
  • Unfinished
Heating/Cooling
  • Forced Air
  • Natural Gas
  • Space Heater
  • Gas Water Heater
  • Window Unit(S)
Water/Sewer
  • Public Sewer
  • Public
Road/Access
  • Paved
Laundry Facilities
  • Owned Equipment

Financials

2024 Taxes
1751.54
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Mackenzie Price, as of 05/11/2026 17:00pm 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.