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1504 N Linn Street Peoria, IL 61604 Multi Unit - Multiple Active

New - 28 Hours Ago
  • 1504 N Linn Street, Peoria, IL 61604 Main Photo

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Description

Duplex for Sale ? Priced at 30¢ on the Dollar Full rehab needed. Strong value-add opportunity with major upside. Key Features: ¢ Second-floor balcony ¢ Private driveway ¢ Large backyard ¢ Basement + main floor access ¢ Attic access from second-floor unit Value-Add Potential: Second-floor unit has a large attic that could add 1?2 bedrooms. Formal dining room can be converted into an additional bedroom with a dine-in kitchen layout. Plenty of natural light throughout, plus a spacious balcony. Bathroom tile is in solid condition?main updates needed are fixtures. First Floor Highlights: Tall ceilings, hardwood floors that can be refinished, brick fireplace, and built-in cabinets with restoration potential. Currently a 2-bed, with room to improve. Basement access with potential to finish and add up to 2 more bedrooms (egress needed) or explore adding a third unit. Repairs Needed: Roof repair or replacement (estimated up to $25K), some rafters need replacement, ceiling drywall repair, new flooring upstairs, paint throughout. Plumbing work needed. Both furnaces currently not working. Electrical is in place with potential to separate meters. Additional Info: Sold as-is. Clear title, no liens or violations. Taxes paid through closing. Comparable duplexes in rentable condition in the area have sold for $100K+. Serious upside potential. Message me for details. Easy to show. Great opportunity for someone willing to take on the work. Future rent: $2,400+/month Make an offer!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Peoria
High School: Peoria High
Subdivision: Commissioner
Listed By:
eXp Realty Mobile: 786-383-9136
RMLSA
$35,000
Est. $315/mo
New to the Market Active
BEDS0 BATHS0 MLS#PA1265646
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCommissioner SCHOOLPeoria High

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1504 N Linn Street, Peoria, IL 61604.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $35,000$35,000$35,000
Down Payment $7,000$1,225$8,750
Monthly Mortgage Amount $166$206$214
Taxes $49$49$49
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$15$0
Monthly Estimated Total $315$370$363

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