NOT LISTED FOR SALE

2202 N Prospect Rd Peoria, IL 61603

Downtown Peoria Neighborhood

Estimated Value: $42,000 - $70,000

3 Beds
2 Baths
1,600 Sq Ft
$35/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $27,500 $17 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $394/month

41 Days on Market

Highlights

  • High Speed Internet
  • Level Lot
  • 2-minute walk to Luthy Botanical Garden

About This Home

As of March 2024

If you are looking for an affordable investment property right in the heart of Peoria, than this is it! This duplex is fully rented and backs up right to the Peoria Zoo. Each unit is 2 bed 1 bath. The upper unit rents for $525 per month and the lower unit rents for $495 per month. Property does need some TLC, but can make for a great first investment property or to expand your current portfolio! Come take a look today!

Last Agent to Sell the Property

Matthew Williams

Keller Williams Premier Realty Brokerage Phone: 309-712-7814 License #475157355 Listed on: 01/02/2024

Keller Williams Premier Realty

Last Buyer's Agent

April Spigelmyer

RE/MAX Traders Unlimited License #475195181

RE/MAX Traders Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $943

Year Built

  • Built in 1905

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Home Design

  • 1,600 Sq Ft Home
  • Brick Foundation
  • Shingle Roof
  • Composition Roof
  • Aluminum Siding

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Peoria High School

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Mcginetes Subdivision

Listing and Financial Details

  • Tenant pays for no utilities
  • Assessor Parcel Number 14-34-332-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$943

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1905
  • New Construction: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 17.19
  • Age55PlusDevelopment: No
  • Attribution Contact: Pref: 309-712-7814
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Partial
  • Interior Amenities: Cable Available, High Speed Internet

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Aluminum Siding
  • Foundation Details: Brick
  • Roof: Composition, Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street
  • Total Parking Spaces: 2

Utilities

  • Heating: Gas, No Cooling, Gas Water Heater
  • Electric Expense: 2590
  • Water Sewer Expenses: 480
  • Laundry Features: None
  • Water Source: Public Sewer, Public
  • GasExpense: 2528
  • NumberOfWaterHeaters: 1
  • NumberOfHeatingUnits: 1
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • LawnSnowRemoval: 0

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Peoria High

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size: 0.13
  • Parcel #: 14-34-332-005

Rental Info

  • Tenant Pays: No Utilities
  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1479.84
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12240
  • Annual Operating Expense: 5598

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Mar 25, 2024
Sold by
James L Sniff Revocable Living Trust
Bought by
Fierling Matthew
Seller's Agent
Matthew Williams
Keller Williams Premier Realty
Buyer's Agent
April Spigelmyer
RE/MAX Traders Unlimited
List Price
$34,900
Sold Price
$27,500
Premium/Discount to List
-$7,400
-21.2%
Total Days on Market
41
Views
163
Current Estimated Value
$56,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,088
Avg. Annual Appreciation
74.66%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fierling Matthew $27,500 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $27,500 -8.0% $17 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
02/05/2024 02/05/24 Price Changed $29,900 -14.3% $19 / Sq Ft
01/02/2024 01/02/24 For Sale $34,900 -- $22 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $943 $10,430 $2,570 $7,860
2023 $900 $9,570 $2,360 $7,210
2022 $904 $9,370 $2,270 $7,100
2021 $887 $8,920 $2,160 $6,760
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matthew Williams

    Keller Williams Premier Realty

    (309) 712-7814

    8 in this area

    211 Total Sales

    Matthew Williams
    Section Image

  • A

    Buyer's Agent in 2024

    April Spigelmyer

    RE/MAX

    (309) 208-0778

    2 in this area

    15 Total Sales

    April Spigelmyer
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1247493

RMLS Alliance

APN: 14-34-332-005

Illinois Peoria County Peoria 61603 Downtown Peoria

2202 N Prospect Rd, Peoria, IL

This home is located at 2202 N Prospect Rd, Peoria, IL 61603 since 02 January 2024 and is currently estimated at $56,588, approximately $35 per square foot. This property was built in 1905. 2202 N Prospect Rd is a home located in Peoria County with nearby schools including Lincoln School, Peoria High School, and Peoria Christian Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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