1511 S Queens Drive Peoria, IL 61605 • Residential - Single Family • Active $80,000

Description

Very nice 3-bedroom, 1-bathroom home on a dead-end road with a walking trail next door. Property is located on the county side within the Limestone School District. This home was recently tenant occupied and some clutter is still in the home; a quick clean-up job can make this livable again. Could rent quickly, providing consistent income to the future owner. Property features an attached garage, front deck, and back deck. The backyard includes a burn pit and a storage shed. Chain-link fence surrounds the front and backyard, with a private driveway leading to the garage. Property sits at the end of the street with only one neighbor on one side, offering minimal foot and vehicle traffic. This property features a HUGE basement with a half bathroom already in place. Basement is finished with joist ceiling and offers excellent potential to be converted into additional living space, including the ability to add up to 2 additional bedrooms and a shower. Buyer could add egress windows in the basement to classify additional rooms as legal bedrooms. Living room brings in plenty of natural light. Bathroom is nicely tiled with unique characteristics. Two nearby comparables sold for over $100K, making this property competitively priced with strong sweat equity opportunity. Great opportunity for an investor looking for a solid rental with strong bones. Possible loans: FHA 203(k) loan or conventional financing. Owner Financing May Be Available with Considerable Down Payment!

Property Highlights