The six-story historic building is located within the Peoria Warehouse Historic District. The $23.2 million historic rehabilitation is expected to be completed in December 2026 and will contain 78 market-rate residential units.
801 SW Washington St
Peoria, IL
Total Development Costs:
~$23.2 million
Project Sources:
25% State Historic Tax Credits, 20% Federal Historic Tax Credits, Construction/Mini-perm Loan, Tax Credit Bridge Loan, 15-year R/E Tax Abatement via City TIF and Deferred Developer Fee
