Investment Overview

Marcus & Millichap is pleased to offer the Tiffany Pointe Apartments, a 22-unit property situated in the northern district of Peoria, Illinois. Nestled on 1.01 acres of land, this well-maintained complex offers a favorable unit mix of two studio, 10 one-bedroom, six two-bedroom, and four two-bedroom with Den apartments. Unit features include luxury vinyl flooring, updated countertops, updated bathrooms and comprehensive upgrades to the building's boiler and electrical systems. Additionally, the windows, roof, gutters, and front entry walkways have all been recently replaced. Additional amenities such as on-site laundry facilities and deck balconies or patios enhance the appeal of these apartments. Tiffany Pointe, located minutes from Allen Road and major highways like Interstate 74 and Illinois Route 6, offers seamless access to Northwoods Mall, The Shoppes at Grand Prairie, the natural beauty of Wildlife Prairie Park, and the vibrant downtown Peoria scene. Proximity to Bradley University, major Caterpillar sites, and key hospitals like OSF, Methodist, and Proctor underscores the convenience. Peoria, located in central Illinois, boasts a population of 402,391 (MSA), diverse economy, cultural vibrancy, robust rental market, and esteemed educational institutions such as Bradley University. Strategically located with a major Port on the Illinois river and equidistant to Chicago and St. Louis, Peoria is home to many industries, most notably traditional manufacturing, and agricultural trade. Formerly based in Peoria, Caterpillar, a leading heavy equipment manufacturer, continues to maintain a significant presence in this market, employing 12,000 people. The company holds a prominent position as one of the 30 constituents of the Dow Jones Industrial Average and is listed among the Fortune 100 companies.