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$105,000

Listing Price

4beds

2.5baths

2,756sqft

--sqft lot

2419 N Prospect Rd, Peoria, IL 61603

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

44.9

Price / sqft

1930

Year built

Home Details

Incredible Investment Opportunity: Profitable Sober Living Home or can be used as business in 1st Flr & residence in 2nd Flr! Are you seeking an excellent investment opportunity? Look no further! This property presents a unique chance to own & operate a successful sober living home, offering a potentially substantial return on investment. The current setup allows for housing up to 7 tenants, with the potential to earn $600 per month per tenant. This is an exceptional income opportunity in itself, with $4,200 monthly potential revenue. With some strategic upgrades, including the addition of a sprinkler system, you can expand into the third floor. This expansion would enable you to accommodate up to 14 tenants, effectively doubling your income potential to an impressive $8,400 per month. Within the past two years, the property has undergone significant renovations. These updates include three revamped bathrooms and two new kitchens, ensuring your tenants will enjoy modern & comfortable living spaces. The property's interiors have been recently painted, new roof, updated plumbing & electrical systems, water heater, doors & windows, new flooring & 4 car concrete driveway. This property represents an outstanding opportunity to invest in a business with real earning potential. Whether you're looking to capitalize on the existing setup or expand to maximize returns, this investment property is worth serious consideration. Don't miss your chance to explore this promising investment

Interior Details

Square Feet
  • 2756

Bedrooms
  • 4

Bathrooms
  • 2.5

Heating
  • Has Heating:

    No

  • Heating Type:

    None

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Finished

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    No

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • N/A

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    0

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • Traditional/old

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$2,527

$5,680

$19,690

--%

$25,370

2018

$2,468

$5,670

$19,680

--%

$25,350

2017

$2,515

$5,730

$19,880

--%

$25,610

2016

$2,496

$5,730

$19,880

--%

$25,610

2015

$2,445

$5,620

$19,490

--%

$25,110

2013

$2,330

$5,490

$19,640

--%

$25,130

2012

$2,449

$5,570

$21,240

--%

$26,810

2011

$2,467

$5,680

$21,650

--%

$27,330

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Average Home Price in 61603

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$105,000

4 Beds

2.5 Baths

2,756 Sqft

0 Lot (sqft)

Sold 10/16/2023

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Calculators

Mortgage

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Household Income
70,000
$
Home price
105,000
$
Down payment
21,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
630
$
HOA (Monthly)
0
$
PMI
0
$
$680
Your Payment
Total Monthly Payment:$680
Percent of Income:12%
Affordable:Yes
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Details for 2419 N PROSPECT RD

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Property Debt

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Foreclosure Contact Details

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Current Owner

Transaction History