Skip to main content

Multifamily

Crescent Creek Apartments | Assumable Debt Available

2901-2979 W Cannes Dr, Peoria, IL 61615

Listing Price: $6,700,000

Cap Rate
6.27%
Number of Units
96
GRM
7.70
Occupancy
95.0%
Price/Unit
$69,792

Investment Overview

Marcus & Millichap is pleased to present Crescent Creek Apartments, a 96-unit apartment community nestled in the highly desirable North Peoria market. This well-maintained complex, situated in a beautifully wooded setting, offers a mix of studio, one-bedroom, and two-bedroom apartments. The property provides residents with modern conveniences and stunning views of both the surrounding woods and a serene creek that winds through the lower part of the property.

North Peoria is known for its vibrant community atmosphere, offering an array of shopping and dining options. The area is also home to excellent public schools and higher education institutions like Bradley University. For those seeking leisure and culture, the Peoria Zoo and Peoria Riverfront Museum are just a short drive away. The combination of affordable, comfortable living and the rich amenities of the surrounding area makes Crescent Creek Apartments an exceptional investment opportunity in one of Peoria’s most sought-after locations.

Peoria, with a population of over 400,000 (MSA), is a hub of cultural vibrancy and economic stability. The city’s diverse economy is bolstered by industries such as manufacturing and healthcare, with a significant presence of major employers like Caterpillar Inc. The strategic location of Peoria, equidistant to both Chicago and St. Louis, further enhances its appeal as a dynamic and accessible market.

Investment Highlights

  • Spacious Units with Onsite Laundry
  • Value Add Opportunity by Raising Below Market Rents
  • Recent Interior and Exterior Renovations

Exclusively Listed By

Multifamily

Crescent Creek Apartments | Assumable Debt Available

Listing Price: $6,700,000

Cap Rate
6.27%
Number of Units
96
GRM
7.70
Occupancy
95.0%
Price/Unit
$69,792

Investment Highlights

  • Spacious Units with Onsite Laundry
  • Value Add Opportunity by Raising Below Market Rents
  • Recent Interior and Exterior Renovations

Investment Overview

Marcus & Millichap is pleased to present Crescent Creek Apartments, a 96-unit apartment community nestled in the highly desirable North Peoria market. This well-maintained complex, situated in a beautifully wooded setting, offers a mix of studio, one-bedroom, and two-bedroom apartments. The property provides residents with modern conveniences and stunning views of both the surrounding woods and a serene creek that winds through the lower part of the property. North Peoria is known for its vibrant community atmosphere, offering an array of shopping and dining options. The area is also home to excellent public schools and higher education institutions like Bradley University. For those seeking leisure and culture, the Peoria Zoo and Peoria Riverfront Museum are just a short drive away. The combination of affordable, comfortable living and the rich amenities of the surrounding area makes Crescent Creek Apartments an exceptional investment opportunity in one of Peoria’s most sought-after locations. Peoria, with a population of over 400,000 (MSA), is a hub of cultural vibrancy and economic stability. The city’s diverse economy is bolstered by industries such as manufacturing and healthcare, with a significant presence of major employers like Caterpillar Inc. The strategic location of Peoria, equidistant to both Chicago and St. Louis, further enhances its appeal as a dynamic and accessible market.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower