224 & 224½ GRANDVIEW Avenue, East Peoria, IL 61611

• 648 sqft

Property 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 $850 monthly, while the studio generates $640 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!

Listing Status:

Active

Data Last Updated:

May 25, 2026 at 3:18AM

Listing Office:

RE/MAX Traders Unlimited : 309-263-1400

Listing Agent:

Mackenzie Price : 309-678-0986

MLS ID:

PA1266400

Interior

• Laundry: Owned Equipment
• Basement: FullNoneUnfinished
• Heating: Forced AirNatural GasSpace HeaterGas Water HeaterWindow Unit(s)

Exterior

• Parking: On StreetParking spaces: 3

Construction

• Roofing: Shingle
• General: Block

Location

• Road/Access: Paved
• Originating MLS: rmlsa
• County: Tazewell

Lot

• Zoning: SEC 32 T26N R4W HIGHLAND PARK ADDN LOT 25 SE 1/401-01-32-418-005

Utilities

• Water: Public SewerPublic

Financial

• Source: rmlsa