1205 N Sheridan Rd
Peoria
IL

1205 N Sheridan Rd
Down payment
2000
Monthly
775
Home Overview
3
2
1205 N Sheridan Rd
69000
About This Home
Owner-financed duplex opportunity in Peoria, IL — priced at $69,000 for both units combined, with just $2,000 down and $775/month that includes property taxes. At 2,116 square feet spread across two units, this is a rare chance to own a multi-unit property in central Illinois's largest city with financing that bypasses the traditional bank loan process entirely.
Located on N Sheridan Road in the 61606 zip code, this property sits in an established Peoria neighborhood with access to the city's core amenities, public transit corridors, and proximity to the Illinois Medical District and downtown Peoria. For buyers looking to build equity or generate rental income without conventional lending, this duplex offers significant price-to-value potential in a market where comparable multi-unit properties regularly trade at multiples of this asking price.
That said, buyers should approach this purchase with clear eyes and a renovation plan. The first-floor unit needs renovation, and foundation repair is required in the basement. The seller also recommends a plumbing inspection on the upstairs unit before or after closing. This property is being sold as-is, and those items are factored into the pricing structure.
Access to the property is available via lockbox on the front door — one key for Unit A and one key for Unit B, so you can walk both units independently. For the investor-minded buyer or the owner-occupant willing to put in the work, a duplex at this price point with owner financing and taxes included in the monthly payment is the kind of deal that's difficult to find through conventional channels. Peoria's real estate market continues to attract buyers seeking affordable entry points into property ownership, and this listing checks that box decisively.
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Location & Payment Details
Market:
Peoria ILCity:
Peoria
Square Foot:
2116
Down Payment: $
2000
Monthly Payment: $
775
Term (Years):
30
1205 N Sheridan Rd
Down payment
2000
Monthly
775
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