2405 North Sheridan Road

Peoria, IL 61604

$309,000
Price
—
Beds
4,100 Sq. Ft.
$75 / Sq. Ft.
4,100
Sq. Ft.
$75
per Sq. Ft.

Description

4 Apartments total. Unit 1 is a main level and Unit 2 is an upper unit these are the same floor plan. Each has 3 bedrooms with 1 bath offering large living room and dining room. 1300 square feet each these Apartments are spacious and have natural woodwork and wood floors. Unit 3 is a 1 bedroom with its own private entrance off the back side and Parking in back. Unit 4 is a studio this unit has street front, lower level entrance. This Brick property has all new windows. Roof was done in 2015 and is...4 Apartments total. Unit 1 is a main level and Unit 2 is an upper unit these are the same floor plan. Each has 3 bedrooms with 1 bath offering large living room and dining room. 1300 square feet each these Apartments are spacious and have natural woodwork and wood floors. Unit 3 is a 1 bedroom with its own private entrance off the back side and Parking in back. Unit 4 is a studio this unit has street front, lower level entrance. This Brick property has all new windows. Roof was done in 2015 and is well maintained. Fully rented. Monthly income is $3075. Annual income $36,900. At the ask price this is a 7.7% cap rate calculated with 35% in expenses. Currently the owner pays water. Tenants pay their own Gas and Electric. Tenants rights will need 24- 28 hours to confirm showings. Currently has single person management team. Leases and rent rolls available.
  1. Listed by Cathy Algas • Keller Williams Premier Realty • Cell: 309-678-8521

Property Details for 2405 North Sheridan Road

Parking Total
4.0
Subdivision Name
Altamont Park
LISTING UPDATED: 12/24/2024 02:32 PM

Property Details for 2405 North Sheridan Road

StatusActive
MLS #PA1255182
Days on Market2
Taxes$2,232 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1925
Lot Size0.13 AC / 5,625 SF
CountyPeoria County

Building Information for 2405 North Sheridan Road

Stories-Residences4Year Built1925Building Size-Lot Size0.13 AC / 5,625 SF

Property Information for 2405 North Sheridan Road

Summary
Location and General Information
  • City: Peoria
  • County Or Parish: Peoria
  • Directions: War Memorial Drive to south on Sheridan
  • Latitude: 40.717143
  • Longitude: -89.603738
  • MLSArea Minor: PAAR Area
  • Postal Code: 61604
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-32-430-036
  • Tax Annual Amount: $2,232
  • Tax Legal Description: ALTAMONT PARK SE 1/4 SEC 32-9-8E (94-33717) LOT 3
  • Tax Year: 2023
School Information
  • High School: Peoria High
Parking
  • Parking Features: Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 4100.0
  • Lot Features: Level
  • Lot Size Dimensions: 45 x 125
  • Number Of Units Total: 4
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Other
  • New Construction: No
  • Year Built: 1925
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 4
  • Numberof Water Meters: 1
  • Water Sewer Expense: $1,200
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: Finished, Full
  • Heating: Gas
  • Laundry Features: Common Area
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 2
  • Number Of Water Heaters: 2
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $36,900
  • Gross Scheduled Income: $36,900
  • Insurance Expense: $1,446
  • Maintenance Expense: $0
  • Manager Expense: $3,660
  • Net Operating Income: $27,522
  • Operating Expense: $7,146
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $840
Unit 1
  • Fireplace YN: Y
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: Y
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Number Parking: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: One Year or Less
  • Tenant Pays: Gas & Electric

Property History for 2405 North Sheridan Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2405 North Sheridan Road

Taxable ValueLand$2,330Additions$21,390Total$23,720
Tax Record2023$2,232 ($186 / month)
Home Facts
Beds6Baths4Total Finished SqFt2,734 SqFtAbove Grade Finished SqFt2,734 SqFtStories2StyleSingle Family ResidenceYear Built1925CountyPEORIAAPN14-32-430-036

Schools near 2405 North Sheridan Road

This home is within Peoria School District 150.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Charter - 5 to 12
Rating
School
Distance
Thomas Jefferson Primary School
PublicPK to 4

Sterling Middle School
Public5 to 8

Peoria High School
Public9 to 12

Quest Charter Academy
Charter5 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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2405 North Sheridan Road is a multi-family home for sale in Peoria, IL 61604. This property was listed for sale on December 22, 2024 by Keller Williams Premier Realty, it's currently listed at $309,000. It has been on the market for a total of 2 days and was last sold on June 26, 2023. This listing's school district is Peoria School District 150. Nearby schools include Thomas Jefferson Primary School, Sterling Middle School and Peoria High School. 2405 North Sheridan Road is a 0-bed, 0-bath, 4,100 sqft multi-family home built in 1925.

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Listing Courtesy of Keller Williams Premier Realty

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