Welcome to 1507 W Barker Avenue, a sprawling and versatile 7-bedroom, 3-bathroom residence that perfectly blends historic scale with a premier location. Boasting over 3,000 square feet of living area, this home is an exceptional find for owner-occupants, investors seeking a high-yield opportunity (previously rented for $3k/month), or those looking for a "house-hack" that offers both! Ideally situated just steps from Bradley University and only minutes from Peoria’s downtown medical district, this property is perfectly positioned to serve student housing needs or healthcare professionals. The home has been thoughtfully maintained with significant recent capital improvements, including a new AC (2023), new lower level furnace (2025), new water heater (2026), and a roof replacement (2017). Newer basement windows allow natural light to brighten the lower level, while the rare addition of off-street parking for 4 vehicles provides ultimate convenience in this historic neighborhood. Whether you are looking to accommodate a large household or capitalize on a turnkey rental location, 1507 W Barker presents a fantastic opportunity with all the major updates already completed. Schedule your showing today!