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$775,000   Price Analysis
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511 W High St
Peoria, IL 61606
Unknown bed 6 bath 8,896 SqFt ($87/SqFt)
0.81 acre lot. Built 1859
Listed 2024-03-23, Taxes $5,130
Ⓧ USDA Ineligible
due to price & location

near Peoria

Take a step back in time with this exclusive property!

* Has Contingent Offer *

Here is your once in a lifetime opportunity to own one of the most prominent homes on High Street in Peoria, IL. This home, influenced by the French Second Empire style, was one of the earliest built on High Street, consisting of 6 exclusive units nestled within the High Wine District neighborhood. Tall ceilings and historically significant features add to the beauty of the property, not t mention the peaceful and relaxing grounds of the property.

Located within walking distance to shopping, dining and the hospitals. Just mere minutes from downtown Peoria, the interstate and the riverfront with plenty of entertainment activities and ease of living for the tenants. Enjoy this exclusive living experience amongst the craftsmanship from artisans of yesteryear combined with modern amenities. Loaded with updates such as central heating and air conditioning, the pride of ownership is evident in the meticulous upkeep of this property.


Presented by Rhonda K Milburn at
Keller Williams Premier Realty.


Property MLS #PA1249109 from RMLSAlliance

Storage
Cable Available
Garage Door Opener(s)
High Speed Internet

Laundry Features: Common Area, Private

Basement Features: Full

Full Bathrooms: 6

Heating Features: Heating Systems - 2+, Forced Air, Gas, Cooling Systems - 2+, Central Air, Gas Water Heater

Rec Area
Road Surface Type: Curbs & Gutters, Paved

Lot Description: Level
Lot Size Acres: 0.81
Lot Size Dimensions: 100x350x100x355
Lot Size Square Feet: 35284

Parking Features: Attached, Detached, Guest Parking, On Street
Parking Total: 12

Gross Income: 85140
Gross Scheduled Income: 85140
Lease Term: Variable
Tenant Pays: All Utilities

Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 3
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 1950
Unit 2 Total Actual Rent: 1100
Unit 3 Total Actual Rent: 950
Unit 4 Total Actual Rent: 1200

High School: Peoria High

Peoria High School is a public high school located approximately 0.6 miles away.
directions icon Map directions

Roosevelt Magnet School is a public elementary and middle school located approximately 1.2 miles away.
directions icon Map directions

St Mark School is a private elementary and middle school located approximately 0.6 miles away.
directions icon Map directions

Maintenance Expense: 3000

Annual Tax Amount: 4978.340000000
Source Listing Status: Active Under Contract
County: Peoria
Directions: W. Main Street to High Street
Tax Year: 2022
Source Property Type: Residential Income
Insurance Expense: 4284
Source Neighborhood: Asahel Hale
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 1
Parcel Number: 18-04-351-034
Subdivision: Asahel Hale
Property Subtype: Residential Income
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$46,170 + $5,440
$51,610
$5,130
2020$46,170 + $5,440
$51,610
$5,171
2019$47,110 + $5,550
$52,660
$5,246
2017$47,570 + $5,600
$53,170
$5,125
2016$47,570 + $5,600
$53,170
$5,087
2015$46,640 + $5,490
$52,130
$4,983
2014$45,960 + $5,360
$51,320
$4,724
2013$45,960 + $5,360
$51,320
$4,667
2012$46,660 + $5,440
$52,100
$4,665
2011$47,560 + $5,550
$53,110
$4,699
2010$39,350 + $5,560
$44,910
$3,946
2009$38,960 + $5,500
$44,460
$3,892
2007$unknown + $unknown
$46,070
$3,790
2006$38,650 + $5,310
$43,960
$3,674

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Net Operating Income: 72678
Operating Expense: 7484

Year Built: 1859
Building Area Total: 8896
Construction Materials: Brick
Foundation Details: Brick
Property Age: 165
Roof: Rubber, Shingle
Structure Type: Apartment Building
Year Built Source: Owner

Water Source: Public Sewer, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.