Shelly Phares
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
This investment property package sale includes the multifamily property, 735 N. Western Avenue in West Peoria, and the single family investment property at 1801 W. Main Street, Peoria. These two properties total 8 units and have a history of exceptional income and cash flow opportunity. 735 Western has two fully furnished apartments on the main and upper levels, and four room rentals in the lower level with shared living areas that are all furnished - all FF&E included in the sale. One of the tenants also serves as a property manager. Both types of units have been short term (STR) and medium term (MTR) rentals in the past but are not currently. They could also be student housing. This brick building totals 4,248 SF and features private parking and rear alley access. The single family home investment property at 1801 Main has a long term tenant paying an excellent rental rate, all utilities and maintenance. It features a garage and large yard with alley access and is 2,984 SF.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Available Sqft: 7232
Year Built: 1920
General Information
County: Peoria
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-323-0399
RMLSA
MLS ID: PA1265683
Shown By
Get in Touch
Shown By
Contact an agent to learn more about
735 N Western Avenue, West Peoria, IL 61604.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $550,000 | $550,000 | $550,000 |
| Down Payment | $110,000 | $19,250 | $137,500 |
| Monthly Mortgage Amount | $2,568 | $3,238 | $3,343 |
| Taxes | $765 | $765 | $765 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $242 | $0 |
| Monthly Estimated Total | $3,493 | $4,405 | $4,268 |
Shelly Phares
REALTOR®
Cell: (309) 269-2669
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: Licensed in IL & IA