3812-3814 N Sheridan Knolls Court Unit #2, Peoria, IL 61614

Property Description

EXCELLENT INVESTMENT OPPORTUNITY! This all-brick duplex features one 3-bedroom, 1.5-bath unit and one 2-bedroom, 1-bath unit, the property currently generating a gross annual rental income of $21,600 offering very low maintenance costs. One unit is currently rented, with a long-term tenant. With the other unit currently vacant and has a signed lease from 1May26. Current rents are below market, providing strong potential for increased income. Each unit has large rooms and its own basement. Located in a highly desirable area, the property is centrally situated within walking distance to Hy-Vee and close to bus transportation. Tenants pay for electricity, gas, and water. Improvement includes: Unit 3812: New Refrigerator in Sep '25 Unit 3814: Fresh paint, doors, trim, cabinet, refurbished hardwood in bedrooms, new light fixtures, front door paint, casing in living room installed, blinds installed throughout in Jan '25