224 GRANDVIEW Avenue, East Peoria, IL 61611 (MLS # PA1265816)

Price $129,900
Status Active
Beds 1
Baths 1 Bath
Home size 484 sqft
Lot Size n/a
Days on Market 9
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 Type(s): Single Family
Last Updated 4/21/2026 Tract Highland Park
Year Built 1939 Community PAAR Area
County Tazewell

SCHOOLS

High School East Peoria Comm

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dryer, Range, Refrigerator, Washer
AREA PAAR Area
BASEMENT Full, Yes
CONSTRUCTION Asbestos, Frame
HEAT Forced Air, Natural Gas, Space Heater
HOA DUES Monthly
INTERIOR Eat-in Kitchen
LOT DESCRIPTION Level
LOT DIMENSIONS 30 x 138
PARKING On Street, Gravel
SEWER Public Sewer
STYLE Bungalow
SUBDIVISION Highland Park
TAXES 1751.54
WATER Public
Listing provided by Mackenzie Price, RE/MAX Traders Unlimited

RMLS Alliance

Listings courtesy of RMLS Alliance as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/29/26 1:33 PM PDT. 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. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

MLSGrid Logo

This IDX solution is (c) Diverse Solutions 2026.

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Kimberly Hall to contact you even if your name is on a Federal or State "Do not call List".

Email a Friend