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AvailableNorth Valley · PeoriaVacant duplex · full renovation
805 NE Perry Ave
Peoria, IL 61603
Before and renovation vision
See the exterior transformation potential.
The concept preserves the property’s existing footprint, rooflines, porch, openings, and duplex entry configuration while visualizing a complete exterior restoration.
North Valley multifamily value-add
Two large units with a clear renovation-to-refinance play.
This vacant up/down duplex combines a three-bedroom, one-bath unit with a five-bedroom, two-bath unit. At approximately 3,670 square feet, the property offers room to renovate, stabilize both units, and pursue a long-term rental hold.
Property typeDuplex · up/down
First unit3 bed · 1 bath
Second unit5 bed · 2 bath
Living area3,670 sq ft
Property taxes$3,410 / year (2024)
Lot size≈ 5,460 sq ft · 32 × 171
Year built1910
OccupancyVacant
Working investment snapshot
Low entry price with a substantial renovation scope.
Approximately $65 per sq ft
Working full-project range
Purchase plus estimated renovation
Purchase-price basis; before renovation and financing
Property profile
Reported structure and utilities
✓ Brick partial / wood siding✓ Full unfinished basement✓ Natural-gas space heat✓ No central cooling reported✓ Public water and sewer✓ On-street parking
The play
Renovate, stabilize, and refinance
- Renovate and stabilize both existing units
- Refinance and hold after occupancy and operating performance are established
- Evaluate a third or fourth unit only if zoning, life-safety, plans, and municipal approvals permit
Verified sales
Three 2026 multifamily sales within 1.25 miles.
Selected 2–4 unit properties sold between January 7 and June 22, 2026. The radius expands slightly to include the same-street six-bedroom sale at 2708 NE Perry Ave.
Approximately $65 per sq ft
2708 NE Perry Ave
Nearby multifamily references
Approximately $16 per sq ft
| Comparable | Sold | Price | Bed / bath | Reported size | Price / sq ft |
|---|---|---|---|---|---|
| 2708 NE Perry AveView on Redfin Multi-family · 1.22 mi away | Jun. 22, 2026 | $208,000 | 6 bed · 2 bath | 2,734 sq ft | $76 |
| 1602 NE Jefferson AveView on Realtor.com Triplex · 0.71 mi away | Jan. 7, 2026 | $126,250 | 3 bed · 3 bath | 2,241 sq ft | $56 |
| 1617 N Dechman AveView on Redfin Multi-family · 0.55 mi away | Apr. 27, 2026 | $98,900 | 3 bed · 2 bath | 1,876 sq ft | $53 |
The $240,000 target ARV applies approximately $65 per square foot to the subject, below the $76 per-square-foot result of the $208,000 same-street sale at 2708 NE Perry Ave. The subject is larger than the selected sales, and the same-street Perry sale is outside the initial one-mile screen. This is not an appraisal or a stabilized-value projection.
Current condition
Full renovation opportunity
- Vacant two-unit property requiring a full renovation
- Renovation planning should cover both the three-bedroom and five-bedroom units
- Exterior, roof, windows, mechanicals, plumbing, electrical, and interiors should be included in contractor scope
- Full unfinished basement may support storage, utilities, and future layout planning
Conversion option
Explore additional unit density
The size and basement create an option to study a third or fourth unit. Any conversion depends on zoning, egress, parking, plans, permits, and City of Peoria approval.
Property locator
805 NE Perry Ave, Peoria
The pin identifies the verified North Valley address near downtown Peoria and area hospitals.
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Property information
Property facts combine current public records, prior MLS information, and seller-provided materials. Information is deemed reliable but not guaranteed and is subject to change.