LOOKING TO STEP UP YOUR PORTFOLIO? HIGHLY SORT AFTER 11 UNIT BUILDING. LOVELY VIEWS OF MADISON GOLF COURSE. GENEROUS APTS W/ IDENTICAL FLOOR PLANS. 1100 SQ FT ALL 3 BEDROOM UNITS 1.5 BATHS. OVERSIZED MASTERS W HALF BATH. DINING OPEN TO GALLEY KITCHEN. QUAINT BRICK FIREPLACE (DECORATIVE ONLY) LARGE LIVING ROOM W BALCONIES. PARKING GARAGE IS CURRENTLY AN ADDITIONAL COST NOT INCLUDED IN CURRENT RENT. FRONT & BACK PARKING LOTS W SECURED ENTRANCES. LAUNDRY ROOM W 2 NEW COIN OPERATED WASHER & DRYERS INCLUDES 11 PRIVATE SECURED STORAGE UNITS. THIS BUILDING IS PHA APPROVED. ROOF 2018. 12 METERS SO WATER COULD BE PAID BY TENANTS, CURRENTLY OWNER PAYS. 8.0% CAP RATE AT 35% FOR EXPENSES. 2 UNITS ARE CURRENTLY VACANT AND WILL NEED SOME UPDATES. POTENTIAL OF WELL OVER 10% CAP W COMPLETION OF LAST 2 UNITS.
Sold for $1,050,000
$1,050,000
318 S Sterling Ave #11, Peoria, IL 61604
12beds
8baths
12,000sqft
Multi Family, Apartment
Built in ----
-- sqft lot
$1,115,800 Zestimate®
$88/sqft
$1,105 Estimated rent
Home value
$1,115,800
$982,000 - $1.27M
$1,105/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Matthew Williams Cell:309-712-7814,
Keller Williams Premier Realty
Bought with:
Unrepresented RMLSA
Non-MLS
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1255469
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Heater
- Laundry: Common Area, Owned Equipment
Features
- Basement: None
Interior area
- Total structure area: 12,000
- Total interior livable area: 12,000 sqft
Property
Parking
- Total spaces: 22
- Parking features: Assigned, Detached, Garage, Underground
Features
- Has view: Yes
- View description: Golf Course
Lot
- Size: 0.63 Acres
- Dimensions: 145 x 188
- Features: Level
Details
- Parcel number: 1807401004
- Zoning description: R7
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Golf View
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $88/sqft
- Annual tax amount: $13,423
- Date on market: 1/14/2025
- Cumulative days on market: 65 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2025 | Sold | $1,050,000+8.3%$88/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1255469 Report a problem | ||
| 4/9/2025 | Contingent | $969,900$81/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1255469 Report a problem | ||
| 2/20/2025 | Price change | $969,900+14.1%$81/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1255469 Report a problem | ||
| 1/14/2025 | Listed for sale | $849,900$71/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1255469 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 61604
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Nearby schools
GreatSchools rating
- 3/10Calvin Coolidge Middle SchoolGrades: 5-8Distance: 0.8 mi
- 1/10Manual High SchoolGrades: 9-12Distance: 0.3 mi
- 3/10Whittier Primary SchoolGrades: K-4Distance: 1 mi
Schools provided by the listing agent
- High: Manual
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Peoria County
- Peoria
- 61604
- 318 S Sterling Ave Unit 11
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