$390,000

501 W COLUMBIA Terrace, Peoria, IL 61606

  • 4,900 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $80/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

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!

Listing Status:
Active
Listing Office:
RE/MAX Traders Unlimited : 309-687-5000
Listing Agent:
Sarah Knickerbocker : 309-258-8270
MLS ID:
PA1261708
  • General: Cable Available
  • Laundry: Common AreaPrivate
  • Basement: Finished
  • A/C: Central Air
  • Heating: Forced Air
  • Parking: AttachedParking spaces: 2
  • Roofing: RubberShingle
  • Road/Access: Paved
  • Originating MLS: rmlsa
  • County: Peoria
  • Zoning: WHEELER'S SUB NW 1/4 SEC 4-8-8E (96-09181) LOT 1 BLK 518-04-155-024
  • Fencing: Fenced
  • Water: Public SewerPublic
  • Source: rmlsa

This listing courtesy of Sarah Knickerbocker, RE/MAX Traders Unlimited

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

F

Franklin Primary School

807 W Columbia Ter, Peoria, IL, 61606

Grades KG-5

0.25 miles away

Q

Quest Charter School Academy

2503 N University St, Peoria, IL, 61604

Grades KG-12

1.24 miles away

P

Peoria High School

1615 N North St, Peoria, IL, 61604

Grades 9-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

523 SANFORD Street, East Peoria, IL 61611
Multi-Family Home For Sale

$325,000

  • 4,756 sqft |
  • 0.41 acre lot
523 SANFORD Street East Peoria, IL 61611

#PA1259900 - Keller Williams Premier Realty