1209 N NORTH Street Peoria, IL 61606 CLS #PA1262383
$420,000 8917 Total Sq. Ft. 8917 Available Sq. Ft.
Available for Purchase.
This 17 unit building is generating great cashflow and has room for renovating/finishing 2 additional 1 Bed/1 Bath units for increasing rents. Currently there are 13 units rented or ready to rent (11 1 bed/1bath units, a 2/2 and 1 studio), two of which are combined smaller units into larger to create the 2 Bed/2 Bath units and one that combined a studio and a 1 bed/1 bath unit. Zoning certificate available to demonstrate legal, non-conforming use for 17 units. All utilities are paid by the owners and tenants pay flat cash rates for rent except for one tenant on PHA/Section 8 voucher. The units could be rented as Section 8/PHA. The 2 units that could be renovated and leased are stripped down and plumbed currently. Owner will consider Seller Financing/Contract for Deed with $150,000 down. Unit photos will be available the week of November 21st. Showings only available on vacant units and units needing renovations without an accepted Letter of Intent/Contract. NOI - $48,920 with potential for more through rent increases and renovating the 2 units!
Listing Features
Type: Building, Sale/Lease Other Zoning: CN County: Peoria Water/Sewer: Public Sewer Total Sq. Ft.: 8917 Year Built: 19201955 Directions: Near N North Street and Hamilton, parking in rear.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.

This listing compliments of
RE/MAX Traders Unlimited
Last Updated on 12/5/2025 9:18:15 PM