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For sale 19 days ago

$180,000

5+ bd ba 0 sqft

3812-3814 N Sheridan Knolls Court, Peoria, IL 61614

Residential Duplex Occupied

Current Rent **

$1,720

Projected Rent **

$1,800

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $800
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $920
  • Bedroom: 3 bd
  • Bathroom: 1½ ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Smart Duplex Investment with Upside

EXCELLENT INVESTMENT OPPORTUNITY! This all-brick duplex features one 3-bedroom, 1.5-bath unit and one 2-bedroom, 1-bath unit, offering very low maintenance costs. Both units are currently rented, with one having a long-term tenant. Current rents are below market, providing strong potential for increased income. Each unit has large rooms and its own basement. Located in a highly desirable area, the property is centrally situated within walking distance to Hy-Vee and close to bus transportation. Tenants pay for electricity, gas, and water. Property is sold as-is. Unit 3812 Rent will be $850 starting March 2026. Unit 3814 potential for rent change to $950. Improvement includes: Unit 3812: New Refrigerator in Sep '25Unit 3814: Fresh paint, doors, trim, cabinet, refurbished hardwood in bedrooms, new light fixtures, front door paint, casing in living room installed, blinds installed throughout in Jan '25.

Venky Basam,
Venky Basam Home team
Keller Williams Premier Realty
309-213-1742
[email protected]

Location:

3812-3814 N Sheridan Knolls Court, Peoria, IL 61614

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.