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About This Home
This 6-bedroom, 3-bathroom residential multi family at 1620 W FREDONIA Avenue in Peoria, IL is listed for $168,000. Built in 1924, on a 0.15 acres lot.
PRIME BRADLEY UNIVERSITY INVESTMENT OPPORTUNITY! Unlock a phenomenal investment with this multi-family property located at 1620 West Fredonia Avenue, a powerhouse for rental income. Situated just 0.1 miles from Bradley University, this home is a student housing dream, offering an unbeatable walk-to-campus location that tenants will compete for.
This two-story duplex is an investor's perfect setup. This Duplex has a total of 6 bedrooms and 2 bathrooms across 1,648 sq. ft. This layout is ideally suited to accommodate up to six students, allowing you to maximize your rental yield and capitalize on the constant demand for student housing.
The property also includes a full basement for extra storage and a detached garage - a highly-sought-after amenity for renters. This isn't just a house; it's a turn-key business opportunity. The proximity to campus ensures a consistent pool of tenants and a strong, reliable cash flow. Stop searching for the perfect investment; you've found it. Don't miss your chance to own one of the best rental locations in Peoria's West Bluff.
Key Features
- Built in 1924
- 0.15 acre lot
- 6 parking spaces
Property Details
Monthly Cost Estimate
$898/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1620 W FREDONIA Avenue
Peoria, IL 61606
Callender & Ayres
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 1620 W FREDONIA Avenue is listed at $168,000. The estimated monthly payment is $728 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.15 acre lot, 6 parking spaces. Interior Features: Cable Available.
This property is listed by Adam Merrick and can be reached at 3096783734 or adam@adammerrick.com.
