This 8-unit apartment complex is a fantastic investment opportunity, offering great cash flow with minimal upkeep. Nestled in a quiet and well-maintained neighborhood, the property has been cared for to ensure long-term value. All units are 1 bed 1 bath. 6 units month-to-month tenants and 2 units on a 1-year lease. Roof replaced within last year and mini splits in each unit. With its low maintenance requirements and appealing setting, this property is ideal for both seasoned and first-time investors looking for a hassle-free addition to their portfolio.
Sold for $440,000
$440,000
4021 S Ricketts Ave, Peoria, IL 61607
2beds
2baths
5,166sqft
Multi Family, Apartment
Built in 1970
-- sqft lot
$470,600 Zestimate®
$85/sqft
$1,167 Estimated rent
Home value
$470,600
$414,000 - $532,000
$1,167/mo
Zestimate® history
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$3,308/mo
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$3,308/mo
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Quiet and well-maintained neighborhood
Zillow last checked:
Listing updated:
Listed by:
Lisa Inman lisa@themovesmartgroup.com,
BHHS Central Illinois, REALTOR®,
Donna S Jones Craig,
BHHS Central Illinois, REALTOR®
Bought with:
Scott E Rodgers, 475148656
RE/MAX Traders Unlimited
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1255458
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Water Heater
- Laundry: None
Features
- High Speed Internet
- Basement: None
Interior area
- Total structure area: 5,166
- Total interior livable area: 5,166 sqft
Property
Parking
- Total spaces: 8
Lot
- Size: 0.65 Acres
- Dimensions: 66 x 330 x 132 x 130 x 66
- Features: Level
Details
- Parcel number: 1726451049
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $85/sqft
- Annual tax amount: $10,279
- Date on market: 1/13/2025
- Cumulative days on market: 48 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2025 | Sold | $440,000-9.3%$85/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1255458 Report a problem | ||
| 1/21/2025 | Pending sale | $485,000$94/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1255458 Report a problem | ||
| 1/13/2025 | Listed for sale | $485,000+102.1%$94/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1255458 Report a problem | ||
| 8/15/2014 | Sold | $240,000$46/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1154328 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 61607
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Nearby schools
GreatSchools rating
- 6/10Oak Grove SchoolGrades: PK-8Distance: 1.1 mi
- 2/10Limestone Community High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Oak Grove
- High: Limestone Comm
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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$470,600
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$480,012
- Illinois
- Peoria County
- Bartonville
- 61607
- 4021 S Ricketts Ave
Nearby cities
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