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7416-7418 N Patton Lane, 
Peoria, IL 61614

$310,000


Bed


Bath


3,420

Sq Ft


Multi-Family

Active

Listed by

Wendy Kolbus

RE/MAX Traders Unlimited

309-692-7272

Last updated:

October 5, 2025, 08:14 PM

MLS#

PA1261348

Source:

IL CAAR

About This Home

7416-7418 N Patton Lane

2BR/2BA Duplex in North Peoria! A fantastic opportunity awaits with this updated and income-producing duplex situated on a tree-lined corner lot in a wonderful neighborhood. Well-maintained and move-in ready, the property offers generous living space and modern updates throughout, including newer windows, HVAC, kitchen finishes, and convenient in-unit laundry with 2020 washers and dryers included. Investors will appreciate the ease of ownership with minimized maintenance, reliable tenants, and strong financial performance. Currently bringing in $34,800 annually in gross rental income with long-term tenant stability, this duplex offers immediate cash flow plus future upside to maximize ROI. Fully leased and producing consistent monthly income from day one, the property is ideally located near Richwoods, Liberty, and Kellar schools, as well as shopping, dining, recreation, quick interstate & downtown access for commuters. KEY HIGHLIGHTS: - Fully occupied and investor-ready (immediate income from day one) - - Strong rental history with reliable tenants - - Low-maintenance updates and modern finishes - - Convenient location close to schools, hospitals, downtown & more Whether you’re expanding your portfolio or planning to live in one unit while renting out the other, this property checks all the boxes for stability, income, and long-term growth potential. Also inquire about additional available properties (MLS#1261347 / #1261349))

Home Facts

Multi-Family

Built in 1968

Price Summary

310,000

$90 per Sq. Ft.

MLS #:

PA1261348

Last Updated:

October 5, 2025, 08:14 PM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

3,420 Sq. Ft.


Structure

Structure

Building Area:

3,420 Sq. Ft.

Year Built:

1968


Lot

Lot Size (Sq. Ft):

14,374


Finances & Disclosures

Finances

Price:

$310,000

Price per Sq. Ft:

$90 per Sq. Ft.

Source:IL CAAR
The information being provided by RMLS Alliance (Formerly Capital Area AOR) is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 RMLS Alliance (Formerly Capital Area AOR) All rights reserved.

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