Contact us: 563.441.1776
Description
Welcome to a savvy investor's dream ? a charming one-bedroom home with an accessory dwelling unit delivering instant income potential from day one. This delightful setup features a cozy main house with one bedroom, one bathroom, an inviting open front porch, and a versatile enclosed back porch perfect for relaxing year-round or extra storage. A stacked washer and dryer come included, making this home a tenant favorite. The real magic? The detached garage has been cleverly converted into a fully functional studio apartment, complete with one bedroom and one bathroom. Both units are currently occupied with active leases, meaning your cash flow starts immediately. The main residence brings in eight hundred fifty dollars monthly, while the studio generates six hundred forty dollars per month plus a utility fee. That is nearly eighteen thousand dollars in annual rental income waiting for you. Location sweetens the deal with nearby public transit, lovely Fondulac Park West just minutes away, and convenient shopping at the Levee District close at hand. Whether you are looking to add to your portfolio or just beginning your investment journey, this turnkey property would be a great fit!
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 484
Built in 1939
High School: East Peoria Comm
Eat-In Kitchen
General Information
Bedrooms: 1
Bathrooms: 1
Sqft: 484
County: Tazewell
High School: East Peoria Comm
Subdivision: Highland Park
Listed By:
RE/MAX Traders Unlimited
RMLSA
MLS ID: PA1265816
Room Information
Bedroom 1: 11 X 8 Level - Main
Living Room: 20 X 10 Level - Main
Kitchen: 11 X 11 Level - Main
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224 Grandview Avenue, East Peoria, IL 61611.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $129,900 | $129,900 | $129,900 |
| Down Payment | $25,980 | $4,547 | $32,475 |
| Monthly Mortgage Amount | $615 | $765 | $790 |
| Taxes | $181 | $181 | $181 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $57 | $0 |
| Monthly Estimated Total | $896 | $1,103 | $1,071 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 04/22/2026. The listing information on this page last changed on 04/22/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/22/2026 3:58:35 AM EST) or MRED MLS (last updated Wed 04/22/2026 2:04:14 AM EST) or SCWMLS (last updated Tue 04/21/2026 11:54:39 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 04/21/2026 10:15:27 PM EST) or Cedar Rapids MLS (last updated Tue 04/21/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Wed 04/22/2026 1:18:40 AM EST) or ICAAR MLS (last updated Tue 04/21/2026 11:37:28 PM EST) or ECIMLS (last updated Tue 04/21/2026 11:44:10 PM EST) or RMLSA (last updated Wed 04/22/2026 1:10:54 AM EST) or Muscatine MLS (last updated Wed 04/22/2026 2:00:22 AM EST) or No Coast MLS (last updated Wed 04/22/2026 12:44:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the 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.
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