9 days on rocket

2405 N Sheridan Rd, Peoria, IL, 61604

$309,000

Home List Price

$3,669*

Closing Credit

0 Baths
Multi

Location

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2405 N Sheridan Rd, Peoria$309,000

Buyer Closing Credits

$3,669*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Pad
Year Built1925
HeatingNatural Gas
BasementYes
MLS #PA1255182
StatusActive

About 2405 N Sheridan Rd

4 Apartments total. Unit 1 is a main level and Unit 2 is an upper unit these are the same floor plan. Each has 3 bedrooms with 1 bath offering large living room and dining room. 1300 square feet each these Apartments are spacious and have natural woodwork and wood floors. Unit 3 is a 1 bedroom with its own private entrance off the back side and Parking in back. Unit 4 is a studio this unit has street front, lower level entrance. This Brick property has all new windows. Roof was done in 2015 and is well maintained. Fully rented. Monthly income is $3075. Annual income $36,900. At the ask price this is a 7.7% cap rate calculated with 35% in expenses. Currently the owner pays water. Tenants pay their own Gas and Electric. Tenants rights will need 24- 28 hours to confirm showings. Currently has single person management team. Leases and rent rolls available.

Property Details

Property Features

Property Information:

  • Year Built: 1925

Listing Office:

  • Office Name: Keller Williams Premier Realty
  • Office Phone: (309) 678-8521
  • Listing Agent: Cathy Algas

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Parking Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: War Memorial Drive to south on Sheridan

Price Information

Listing Price Info

Price Summary:

  • List Price: $309,000
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Housing Market Comparison

See how this home compares to others in Peoria, IL.

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Peoria, IL

City

Med. Sold Price

$141.5K

Med. Price/SqFt

$89

Avg. Days On Market

33

# of Sold Homes

143

2405 N Sheridan Rd vs Peoria

9 DAYS ON ROCKET

-24 Days

$309,000

+$167.4K More

KEY TAKEAWAY

This property is $167.4K more than the Median Sold Price in Peoria, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #PA1255182

Listing Office:

  • Office Name: Keller Williams Premier Realty
  • Office Phone: (309) 678-8521
  • Listing Agent: Cathy Algas

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 11:51:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$1,610

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$993

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-62362
2
/10

  • Thomas Jefferson Primary School

  • 918 W Florence Ave

  • 0.89 miles

  • Public District Grades KG-6

school-card-donut-62363
1
/10

  • Franklin Primary School

  • 807 W Columbia Ter

  • 0.95 miles

  • Public District Grades KG-5

school-card-donut-62364
4
/10

  • Woodrow Wilson Primary School

  • 1907 W Forrest Hill Ave

  • 1.15 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,506. Residents of Peoria, IL typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Peoria County›Peoria›61604›2405 N Sheridan Rd

This home is located at 2405 N Sheridan Rd in Peoria, IL and zip code 61604 in the West Bluff neighborhood. This home was built in 1925. It has been listed on Rocket Homes since December 24, 2024 and is currently priced at $309,000.

While more than 30 listings in Peoria, IL in December 2024 were sold above asking price, there were more than 28 listings sold at asking price, and more than 85 were sold below. The number of homes for sale in Peoria, IL decreased by 6.3% between November 2024 and December 2024. Listings spent 33 days on the market in December 2024, and had a median list price of $141,595 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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