- Immediate Upside by Bringing All Units to a “Rent-Ready” Condition
- Prime Location Near Major Employers, Retail, and University
- Recent Capital Improvements Across All Properties
- On-Site Amenities and Established Property Management
- Multiple Value-Add Opportunities Through Renovations and Operational Enhancements
- Portfolio Offers Scale and Operational Efficiency in a Strong Workforce Market
Immediate Upside by Bringing All Units to a “Rent-Ready” Condition
The portfolio includes four down units that can be brought back online to boost occupancy and unlock additional income. Returning these units to rent-ready condition presents a clear value-add opportunity, enabling a new owner to realize untapped revenue with minimal investment.
Prime Location Near Major Employers, Retail, and University
These three properties are positioned within Peoria, a city of approximately 111,377 residents, strategically located near major employers OSF HealthCare (13,500 employees) and Caterpillar Inc. (12,000 employees). The portfolio is just steps from Madison Golf Course and within 3.4 miles of the Levee District, a major retail hub featuring Starbucks, Chick-fil-A, and multiple shopping centers. Residents have easy access to Main Street’s restaurants and cultural attractions like the Peoria Riverfront Museum. Bradley University, a private university with approximately 5,000 students and a notable entrepreneurship program, is just minutes away, providing a consistent tenant pool.
Recent Capital Improvements Across All Properties
Each property has benefited from targeted capital expenditures between 2024 and 2025 to enhance both interior and exterior conditions:
- Golfview: Unit remodels, multiple entry door replacements, new ceramic tile flooring in the main building entry, replacement of hot water storage tank, sealed and striped parking lot, replacement of 20 PTAC units, new exterior signage, and carpet replaced on all staircases.
- Madison Link: Parking lot sealed and striped, replaced concrete entry drive, new exterior signage, and upgraded landscaping at the front of the building.
- Parkview: Parking lot sealed and striped, middle portion of asphalt milled and overlaid, and new exterior signage installed.
Additionally, all roofs across the portfolio have been replaced within the past five years.