701 W Hanssler Pl

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🔥 Peoria Value-Add Deal | Basement Bonus | Low Entry Flip 🔥

Address: 701 W Hanssler Pl, Peoria, IL 61604

Property Overview

Compact 1-bed + bonus bedroom in basement / 1.5-bath home offering ~989 sq ft plus additional usable basement space. This is a value-add opportunity with light-to-moderate rehab potential.

Key Features

• 1 Bed + Basement Bedroom
• 1 Full Bath + 0.5 Bath (Basement)
• ~989 Sq Ft
• Finished Basement (adds livable space)
• 1-Car Garage

Condition & Systems

• Kitchen: New cabinets included (not installed)
• Bathrooms: New tile flooring (2025)
• Roof: ~15 years old
• HVAC: ~15 years old
• Plumbing: No known issues
• Electrical: Functional, may need minor updates
• Foundation: Basement (finished)

Value-Add Opportunity

• Install new kitchen cabinets
• Cosmetic updates throughout (paint, flooring, fixtures)
• Optimize basement bedroom/living space
• Light modernization to increase rent/resale

Investment Highlights

• Low entry point opportunity
• Basement adds functional square footage
• Ideal for rental or light flip
• Manageable rehab scope

Deal Potential

• Rental with added bedroom = better cash flow
• Flip with cosmetic updates
• Opportunity to force equity with minimal capital

⚡ Small footprint deals with bonus space and low rehab don’t last — move quickly
 

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Resources:

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