Multifamily

Haymeadow Apartments

Listing Price: Request For Offer

Number of Units
220
Occupancy
89.99%
Gross SF
177,400

Investment Overview

Marcus & Millichap is pleased to present Haymeadow Apartments, a 220-unit apartment community located in Peoria, Illinois. Built in 1977 and renovated in 2015, the subject property is comprised of 12 two and three-story residential buildings, all of which are situated on 20- plus acres of beautifully manicured land. The unit mix consists of one and two-bedroom floor plans ranging in size from 720 to 920 square feet. Community and common area amenities include a sparkling outdoor swimming pool, 24-hour fitness center, lighted tennis, basketball and sand volleyball courts, on-site laundry facilities with new digital card readers and 475 parking spaces with 79 carports available for a monthly fee.

Haymeadow Apartments are located in Peoria, Illinois, the largest city on the Illinois River. Conveniently located with access to Interstate 74 and the property is just two miles south of The Shoppes at Grand Prairie, an open-air lifestyle center, featuring more than 50 unique stores, restaurants and other entertainment options.

Peoria is best known as home to the world headquarters of Caterpillar (NYSE: CAT). The city also has three major hospitals: OSF Saint Francis Medical Center, Unity Point Health Methodist, and Unity Point Health Proctor. In addition, the Childrens Hospital of Illinois, the University of Illinois-College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Childrens Research Hospital are located in the city. Peoria is also home to an array of educational opportunities such as Bradley University, with an enrollment of approximately 6,000 students. Other Peoria area colleges include Illinois Central College, and Midstate College.

Investment Highlights

  • Conveniently Located Near Route 6 & The Major Shopping and Entertainment Interchange
  • All 12 Buildings Offer Patios / Balconies and Feature Four Year Old Roofs in Place
  • Well-Maintained Property with Minimal Deferred Maintenance
  • Fully Amenitized Property with Clubhouse, Fitness Center, Swimming Pool & Picnic Area
  • The Parking Lot was Resurfaced and Restriped in 2020

Exclusively Listed By

  • Scott D. Harris

    Senior Managing Director Investments

    (630) 570-2220

    Email Scott

    License(s): IA: S58247000, WI: 15869-090, IN: RB14049474, IL: 475.139778

    Chicago Oak Brook

  • Bryan W. Kunze

    Senior Associate

    (630) 570-2239

    Email Bryan

    License(s): IL: 475.162316

    Chicago Oak Brook

Listing Price: Request For Offer

Number of Units
220
Occupancy
89.99%
Gross SF
177,400

Investment Highlights

  • Conveniently Located Near Route 6 & The Major Shopping and Entertainment Interchange
  • All 12 Buildings Offer Patios / Balconies and Feature Four Year Old Roofs in Place
  • Well-Maintained Property with Minimal Deferred Maintenance
  • Fully Amenitized Property with Clubhouse, Fitness Center, Swimming Pool & Picnic Area
  • The Parking Lot was Resurfaced and Restriped in 2020

Investment Overview

Marcus & Millichap is pleased to present Haymeadow Apartments, a 220-unit apartment community located in Peoria, Illinois. Built in 1977 and renovated in 2015, the subject property is comprised of 12 two and three-story residential buildings, all of which are situated on 20- plus acres of beautifully manicured land. The unit mix consists of one and two-bedroom floor plans ranging in size from 720 to 920 square feet. Community and common area amenities include a sparkling outdoor swimming pool, 24-hour fitness center, lighted tennis, basketball and sand volleyball courts, on-site laundry facilities with new digital card readers and 475 parking spaces with 79 carports available for a monthly fee.

Haymeadow Apartments are located in Peoria, Illinois, the largest city on the Illinois River. Conveniently located with access to Interstate 74 and the property is just two miles south of The Shoppes at Grand Prairie, an open-air lifestyle center, featuring more than 50 unique stores, restaurants and other entertainment options.

Peoria is best known as home to the world headquarters of Caterpillar (NYSE: CAT). The city also has three major hospitals: OSF Saint Francis Medical Center, Unity Point Health Methodist, and Unity Point Health Proctor. In addition, the Childrens Hospital of Illinois, the University of Illinois-College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Childrens Research Hospital are located in the city. Peoria is also home to an array of educational opportunities such as Bradley University, with an enrollment of approximately 6,000 students. Other Peoria area colleges include Illinois Central College, and Midstate College.

Exclusively Listed By

  • Scott D. Harris

    Senior Managing Director Investments

    (630) 570-2220

    Email Scott

    License(s): IA: S58247000, WI: 15869-090, IN: RB14049474, IL: 475.139778

    Chicago Oak Brook

  • Bryan W. Kunze

    Senior Associate

    (630) 570-2239

    Email Bryan

    License(s): IL: 475.162316

    Chicago Oak Brook

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