$1,050,000
SOLD APR 17, 2025

318 S Sterling Ave Unit 11 Peoria, IL 61604

12 Beds
-- Bath
12,000 Sq Ft
0.63 Acres

Recently Sold

$88 Per Sq Ft

24% Above List Price

65 Days on Market

Highlights

  • Golf Course View
  • Guest Parking
  • Level Lot
  • 22 Car Detached Garage
  • Forced Air Heating System
  • Wood Siding

About This Home

As of April 2025

LOOKING TO STEP UP YOUR PORTFOLIO? HIGHLY SORT AFTER 11 UNIT BUILDING. LOVELY VIEWS OF MADISON GOLF COURSE. GENEROUS APTS W/ IDENTICAL FLOOR PLANS. 1100 SQ FT ALL 3 BEDROOM UNITS 1.5 BATHS. OVERSIZED MASTERS W HALF BATH. DINING OPEN TO GALLEY KITCHEN. QUAINT BRICK FIREPLACE (DECORATIVE ONLY) LARGE LIVING ROOM W BALCONIES. PARKING GARAGE IS CURRENTLY AN ADDITIONAL COST NOT INCLUDED IN CURRENT RENT. FRONT & BACK PARKING LOTS W SECURED ENTRANCES. LAUNDRY ROOM W 2 NEW COIN OPERATED WASHER & DRYERS INCLUDES 11 PRIVATE SECURED STORAGE UNITS. THIS BUILDING IS PHA APPROVED. ROOF 2018. 12 METERS SO WATER COULD BE PAID BY TENANTS, CURRENTLY OWNER PAYS. 8.0% CAP RATE AT 35% FOR EXPENSES. 2 UNITS ARE CURRENTLY VACANT AND WILL NEED SOME UPDATES. POTENTIAL OF WELL OVER 10% CAP W COMPLETION OF LAST 2 UNITS.

Last Agent to Sell the Property

Matthew Williams

Keller Williams Premier Realty Brokerage Phone: 309-712-7814 License #475157355 Listed on: 01/14/2025

Keller Williams Premier Realty

Last Buyer's Agent

Unrepresented RMLSA

Non-MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,423

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 145 x 188
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 12 Bedrooms
  • 12,000 Sq Ft Home
  • Golf Course Views

Parking

  • 22 Car Detached Garage
  • Guest Parking

Schools

  • Manual High School

Utilities

  • Forced Air Heating System

Community Details

  • Golf View Subdivision
  • Trash Expense $1,200

Listing and Financial Details

  • Assessor Parcel Number 18-07-401-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,423

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • New Construction: No
  • Structure Type: Apartment Building
  • PricePerSqFt: 87.5
  • Attribution Contact: Cell: 309-712-7814
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 12

Exterior Features

  • Lot Features: Golf Course View, Level
  • Road Surface Type: Paved
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Assigned, Detached, Guest Parking, Parking Garage, Shared Garage/Stall, Underground
  • Total Parking Spaces: 22

Utilities

  • Heating: Forced Air, Natural Gas, Central Air
  • Electric Expense: 1440
  • Water Sewer Expenses: 6000
  • Laundry Features: Common Area, Owned Equipment
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 12
  • NumberOfHeatingUnits: 12
  • NumberOfCentralAirUnits: 12
  • NumberOfGasMeters: 12
  • NumberOfElectricMeters: 12
  • NumberofWaterMeters: 1
  • NumberOfRanges: 9
  • NumberofRefrigerators: 9
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1200
  • AdvertisingExpense: 0

Schools

  • High School: Manual

Lot Info

  • Zoning: R7
  • Lot Size Acres: 0.63
  • Lot Size: 145 x 188
  • Parcel #: 18-07-401-004

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13423.32
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 11
  • Annual Gross Income: 108848
  • Resident Manager Expense: 10452
  • Annual Operating Expense: 23316

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2025
Closed on
Apr 16, 2025
Sold by
Peoria1 Holdings Llc
Bought by
Villa Ridge Llc
Seller's Agent
Matthew Williams
Keller Williams Premier Realty
Buyer's Agent
Unrepresented RMLSA
Non-MLS
List Price
$849,900
Sold Price
$1,050,000
Premium/Discount to List
$200,100
23.54%
Views
63
Current Estimated Value
$1,053,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,572
Avg. Annual Appreciation
-23.25%
Original Mortgage
$822,500
Outstanding Balance
$822,500
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
$132,089

Purchase Details

Closed on
Nov 13, 2019
Sold by
Van Hooser Family Limited Partnership A
Bought by
Peoria1 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2019
Sold by
Van Hooser Family Limited Partnership A
Bought by
Peoria1 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.65%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $1,050,000 None Listed On Document
Warranty Deed $340,000 Jane E Ohaver Pc
Warranty Deed $340,000 Jane E Ohaver Pc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $822,500 Construction
Previous Owner $255,000 New Conventional
Previous Owner $255,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Sold $1,050,000 +8.3% $88 / Sq Ft
02/20/2025 02/20/25 Price Changed $969,900 +14.1% $81 / Sq Ft
01/14/2025 01/14/25 For Sale $849,900 -- $71 / 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 $14,067 $155,520 $11,210 $144,310
2023 $13,423 $142,670 $10,280 $132,390
2022 $10,461 $108,450 $9,980 $98,470
2021 $10,782 $108,450 $9,980 $98,470
2020 $10,867 $108,450 $9,980 $98,470
2019 $11,024 $110,660 $10,180 $100,480
2018 $10,775 $110,640 $10,180 $100,460
2017 $10,773 $111,750 $10,280 $101,470
2016 $10,473 $111,750 $10,280 $101,470
2015 $9,930 $109,560 $10,080 $99,480
2014 $9,811 $107,870 $9,840 $98,030
2013 -- $107,870 $9,840 $98,030
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Matthew Williams

    Keller Williams Premier Realty

    (309) 712-7814

    222 Total Sales

    Matthew Williams
    Section Image

  • U

    Buyer's Agent in 2025

    Unrepresented RMLSA

    Non-MLS

See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1255469

RMLS Alliance

APN: 18-07-401-004

Illinois Peoria County Peoria 61604

318 S Sterling Ave Unit 11, Peoria, IL

This home is located at 318 S Sterling Ave Unit 11, Peoria, IL 61604 and is currently priced at $1,050,000, approximately $87 per square foot. 318 S Sterling Ave Unit 11 is a home located in Peoria County with nearby schools including Whittier Primary School, Harold B. Dawson Jr. Middle School, and Manual High 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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