Condo Investment Properties for Sale in Peoria, IL
52- 2 Bed
- 2 Bath
- 1433 sft
32- 2 Bed
- 2 Bath
- 1680 sft
621- 2 Bed
- 2 Bath
- 1096 sft
839- 2 Bed
- 2 Bath
- 1312 sft
Why Invest in Peoria, Illinois?
Peoria, IL offers strong opportunities for condo investors seeking stable cash flow in a Midwest market with affordable entry points. Recent data shows median home values around $127K-$162K with 8% annual appreciation, supporting solid returns. Renter-occupied units exceed 30%, driving consistent demand amid modest inventory growth. Cap rates hover around 7-8% with average rents near $1,100, ideal for value-add condo strategies. Illinois forecasts predict 3.4% statewide price growth in 2026, enhancing long-term equity buildup.
Frequently Asked Questions
Yes, Peoria condos offer 7-8% cap rates and $1,100 average rents amid 8% appreciation. Affordable entry under $150K suits cash flow strategies. Stable renter demand from healthcare and students enhances reliability.
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