Sold
Last Sold Price
1,600 sqft$17/sqft
2202 N Prospect Rd, Peoria, IL 61603
Multi FamilyProperty Type
5,662 sq ftLot Size
1905Year Built
$17/sq ftPrice per sq ft

Description

If you are looking for an affordable investment property right in the heart of Peoria, than this is it! This duplex is fully rented and backs up right to the Peoria Zoo. Each unit is 2 bed 1 bath. The upper unit rents for $525 per month and the lower unit rents for $495 per month. Property does need some TLC, but can make for a great first investment property or to expand your current portfolio! Come take a look today!If you are looking for an affordable investment property right in the heart of Peoria, than this is it! This duplex is fully rented and backs up right to the Peoria Zoo. Each unit is 2 bed 1 bath. The upper unit rents for $525 per month and the lower unit rents for $495 per month. Property does need some TLC, but can make for a great first investment property or to expand your current portfolio! Come take a look today!
  • Listed by: Matthew Williams 309.712.7814 matt@touchstonepeoria.com • Keller Williams Premier Realty
Listing closed: 03/07/2024 12:00 AM • Source: RMLS ALLIANCE, MLS#: PA1247493

Recent comparable sales

Median sold price

$31,499

Avg days on market

30

Sale-to-list ratio

79.1%

Peoria, IL

9 comparable properties found

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$31,499 | 3536 Northeast Monroe Street, Unit 2, Peoria, IL 61603
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$22,000 | 1119 North Orange Street, Peoria, IL 61606
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$125,000 | 1009 East Kansas Street, Peoria, IL 61603
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$31,501 | 818 Northeast Madison Avenue, Peoria, IL 61603
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$23,000 | 1504 North Linn Street, Peoria, IL 61604
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Location

Listing Courtesy of Keller Williams Premier Realty

Sold By Move Smart Realty

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Payment Calculator

$263 per month

30 year fixed, 6.55% Interest

Principal and Interest

$140

Property Taxes

$123

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2202 North Prospect Road

Property Details
  • Taxes: $1,480 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 2.0
  • Subdivision Name: McGinetes
Building Information
  • Residences: 2
  • Year Built: 1905
  • Lot Size: 0.13 AC / 5,662 SF
Summary
Location and General Information
  • City: Peoria
  • County Or Parish: Peoria
  • Directions: War Memorial Dr. to South on Prospect Rd.
  • Latitude: 40.714506
  • Longitude: -89.576987
  • MLSArea Minor: PAAR Area
  • Postal Code: 61603
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-34-332-005
  • Tax Annual Amount: $1,480
  • Tax Legal Description: SW 1/4 SEC 34-9-8E (85-08487) COMG 230.6' N OF NW
  • Tax Year: 2022
School Information
  • High School: Peoria High
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 1600.0
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Dimensions: 0.13
  • Number Of Units Total: 2
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Tenant Lease(s)
  • Foundation Details: Brick
  • New Construction: No
  • Year Built: 1905
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $480
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 0
  • Roof: Composition, Shingle
  • Construction Materials: Aluminum Siding
Interior Features
  • Basement: Crawl Space, Partial
  • Heating: Gas, No Cooling, Gas Water Heater
  • Interior Features: Cable Available, High Speed Internet
  • Laundry Features: None
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 1
  • Number Of Ranges: 2
  • Numberof Refrigerators: 2
  • Number Of Washers: 0
  • Number Of Water Heaters: 1
  • Number Of Window Units: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $2,590
  • Gross Income: $12,240
  • Gross Scheduled Income: $12,240
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $5,162
  • Operating Expense: $5,598
  • Advertising Expense: 0
  • Gas Expense: 2528
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: No Utilities
  • Annual Vacancy Factor: 0

Property History for 2202 North Prospect Road

DateEvent & SourcePriceAppreciation
Mar 7, 2024

Sold

RMLS ALLIANCE #PA1247493

$27,500
Feb 12, 2024

Price Change

RMLS ALLIANCE #PA1247493

$29,900
Feb 12, 2024

Pending

RMLS ALLIANCE #PA1247493

DateEvent & SourcePrice
03/07/2024

Sold

RMLS ALLIANCE #PA1247493

$27,500
02/12/2024

Price Change

RMLS ALLIANCE #PA1247493

$29,900
02/12/2024

Pending

RMLS ALLIANCE #PA1247493

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2202 North Prospect Road

This home is within Peoria School District 150.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln School
PublicK to 8

Glen Oak Community Learning Center
PublicK to 8

Peoria High School
Public9 to 12

Woodruff Career & Tech Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Premier Realty

Based on information submitted to the MLS GRID as of 03/09/2024 02:01 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.