$195,000

Income takes center stage at this one-level, four-unit multifamily property, where an established rental stream offers investors a compelling addition to their portfolio. At full occupancy, the building produces more than $35,000 in gross annual rent, providing instant revenue. Each unit features one bedroom and one bathroom, creating straightforward floor plans that are easy to understand, market, and maintain. Tenants pay all utilities, helping simplify ownership expenses and protect operating margins. One upcoming vacancy gives the next owner an opportunity to re-lease the unit according to their own investment strategy. Buyers should complete their own due diligence regarding leases, income, and expenses. The location supports continued rental demand. With immediate proximity to local schools, parks, and public transit, East Peoria amenities are also within easy reach. With four income-producing units under one roofline, tenant-paid utilities, and gross rent already exceeding $35,000 annually, this property keeps the investment story refreshingly simple. Arrange a private tour and review the numbers before another investor claims the opportunity.