Opportunity knocks in Peoria. This vacant 4-plex sits on a residential lot with utilities available and convenient access to local amenities - the multifamily bones are already in place. The existing structure is distressed and will require significant renovation; no interior access is currently available. Sold strictly as-is, where-is. Buyers are encouraged to perform all due diligence prior to submitting an offer. Ideal for investors and builders ready to renovate and stabilize, or redevelopment-minded buyers looking to reimagine the site entirely.
Orchard, located between Knoxville Avenue and University Street, is a residential and commercial Peoria neighborhood with mid-century ranch streetscapes and a retail corridor feel. The neighborhood’s energy concentrates around the Knoxville Ave & War Memorial Dr crossroads, where storefront plazas, coffee counters, and everyday errands cluster in steady motion. Housing reads as tidy postwar blocks with mature trees, short drives, and pocket greens that break up the grid. Nearby Bradley University adds a collegiate cadence to the sidewalks and local dining. For culture, the Peoria Riverfront Museum, Contemporary Art Center of Peoria, and the historic Peoria Civic Center set the tone for nights out beyond the main arterials.
Provided by Walk Score and Local Logic
Market insights
1214 N Sheridan Rd · $70,000
DAYS ON MARKET
118 days
The average home goes pending in 4 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
LIST PRICE
$70,000
Median list price in this area is $113,405. (62% higher than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
8 total rooms
Cellar and partial basement
Gas water heater
Bedrooms
Four units include 1-bedroom layouts (each unit listed with 1 bedroom)
Bathrooms
Four full bathrooms in the building (each unit has 1 full bath)
Kitchen
No appliances listed in unit appliance fields
Laundry & utility
Tenant pays utilities (listed as "Other")
Heating & cooling
Electric heating
Steam heating
Exterior features
Level lot
Lot dimensions approximately 50 x 150
Home design
Two- to four-unit building
Converted property
Parking
Detached garage
Total of 5 parking spaces with 3 garage spaces
Construction
Over 100 years old
Built before 1978
Construction described as Other
Utilities
Public water
Public sewer
Financial info
Fee simple ownership
Special service area: No
Other
4 total units in the building
Electricity and solar
View estimated energy costs and solar savings for this home
Newly renovated interiors throughout this 4 unit investment property. Updates include HVAC, plumbing, electrical, paint and flooring. 2 units currently occupied and 2 vacant allowing for cash flow with future tenant selection. High demand neighborhood in close proximity to hospital area and Bradley Campus.
Public Records
Aug 11, 2021
Sold
$20,000
RMLSA as Distributed by MLS Grid #PA1207630
Aug 6, 2021
Listing Removed
—
RMLSA as Distributed by MLS Grid #PA1199607
Aug 6, 2021
Listing Removed
—
RMLSA as Distributed by MLS Grid #PA1137622
Aug 6, 2021
Listing Removed
—
RMLSA as Distributed by MLS Grid #PA1129693
Aug 6, 2021
Listing Removed
—
RMLSA as Distributed by MLS Grid #PA1112924
Aug 6, 2021
Listing Removed
—
RMLSA as Distributed by MLS Grid #PA1012907
Aug 6, 2021
Listing Removed
—
RMLSA as Distributed by MLS Grid #PA1223097
Aug 11, 2021
Sold
$20,000
Mar 18, 2021
Listed
$25,000
Public Records
Apr 13, 2006
Sold
$74,000
Public Records
Aug 5, 2003
Sold
$76,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,274 (+6.4%)
$3,710 + $33,360
$37,070
2024
$3,076 (+4.8%)
$3,400 + $30,610
$34,010
2023
$2,936 (+292.2%)
$3,120 + $28,080
$31,200
2022
$749 (−11.4%)
$3,000 + $5,920
$8,920
2021
$845 (−57.0%)
$2,860 + $5,640
$8,500
2020
$1,966 (−1.4%)
$2,830 + $16,790
$19,620
2019
$1,994
$2,890 + $17,130
$20,020
2018
$1,995
$2,920 + $17,560
$20,480
2017
$1,995 (−24.8%)
$2,950 + $17,740
$20,690
2016
$2,651 (+29.7%)
$2,950 + $17,740
$20,690
2013
$2,044
$3,080 + $19,400
$22,480
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
2
Lot width
69 ft.
Lot depth
—
Lot size
7,537 Sq. Ft.
Year renovated
1900
Finished Sq. Ft.
2,303
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,303
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Peoria County
APN
1804301004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
R6
Multi-Family Residential District
The R6 District is intended to provide for a variety of housing opportunities at intensities compatible with surrounding land uses at a density not to exceed 15.02 gross dwelling units per acre.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Peoria, IL • 61606
Average low and high temperatures (°F)
32
17
42
24
61
37
68
48
75
54
84
66
88
71
85
66
85
60
72
51
53
38
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Peoria. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1214 N Sheridan Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $35,000 and $70,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $35K to $70K.