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700,706-718 N UNDERHILL Street
Peoria IL 61606 US

$550,000

Active Listing ID PA1259785
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Lot: 0.60 Acres
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Other

$550,000

Active Listing ID PA1259785
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700, 706-718 N UNDERHILL Street Prime Investment: 6-Home Bradley University Portfolio. A truly rare opportunity to acquire a six-house portfolio, strategically located just steps from Bradley University. This unique package offers an investor the chance to own a significant majority of homes on a single street, an unparalleled advantage in the rental market. Owning the block simplifies everything from maintenance and landscaping to tenant management. You set the standard for quality and curb appeal, creating a cohesive and desirable community that attracts the best tenants. This is a turnkey investment powerhouse. The prime location ensures a consistent, high-demand tenant pool from Bradley's student body and the local hospitals, leading to historically strong occupancy rates and robust cash flow from day one. Student housing provides a recession-resistant asset, securing your capital while offering significant potential for appreciation. Seize the chance to add a substantial, cash-flowing asset to your portfolio. This is a legacy investment in a premier location.

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Property Features

  • Facts
  • Lot Size: 0.60 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • Floor Covering: Carpet
  • Roof Type: Asphalt
  • Heating Fuels: Electric (Heating), Heat Pump (Heating), Natural Gas

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 550000
  • unparsedaddress: 700, 706-718 N UNDERHILL Street
  • postalcity: Peoria
  • stateorprovince: IL
  • country: US
  • postalcode: 61606
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.6
  • lotsizeunits: Acres
  • lotsizearea: 0.6
  • livingarea: 4879
  • livingareaunits: Square Feet
  • latitude: 40.699832535
  • longitude: -89.61088583
  • listagentfullname: Adam Merrick
  • listagentemail: adam@adammerrick.com
  • listagentkey: 3yd-PAARIL-PAP807662
  • listagentmlsid: PAP807662
  • listagentpreferredphone: 3096783734
  • listagentofficephone: 3092821000
  • listofficekey: 3yd-PAARIL-PAMRE
  • listagentstatelicense: 471018071
  • listofficemlsid: PAMRE
  • disclaimer: Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PAARIL
  • listingcontractdate: 2025-07-29
  • listagenturl: http://www.adammerrick.com
  • countyorparish: Peoria
  • parcelnumber: 18-08-202-005
  • cooling: Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Aluminum Siding, Frame, Vinyl Siding
  • flooring: Carpet
  • heating: Electric (Heating), Heat Pump (Heating), Natural Gas
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.610886, 40.699833
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Adam Merrick Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"adam@adammerrick.com", "ListBrokerageCity":"East Peoria", "ListBrokerageCountry":"US", "ListBrokerageEmail":"homes@adammerrick.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/PAARIL/6b8a67b1f39811e6aabc0242ac110003/20190524171628969.png", "ListBrokerageName":"Adam Merrick Real Estate", "ListBrokeragePhone":"(309) 273-1808", "ListBrokeragePostalCode":"61611", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"Suite B", "ListBrokerageUnparsedAddress":"2400 N Main", "ListBrokerageWebsiteUrl":"http://www.adammerrick.com", "ListOfficeAddress1":"2400 N Main Street", "ListOfficeAddress2":"Suite B", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"East Peoria", "ListOfficeCountry":"US", "ListOfficeEmail":"homes@adammerrick.com", "ListOfficePostalCode":"61611", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Peoria, IL", "ListingURL":"https://listings.listhub.net/pages/PAARIL/PA1259785/?channel=rexren", "MLSModificationTimestamp":"2025-08-09T15:01:23Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Commercial", "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10092, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/24/2025 8:06:07 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Adam Merrick, Adam Merrick Real Estate, adam@adammerrick.com

Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.