3

Downtown Peoria Multifamily Homes & Duplexes for Sale

Section Image
  • /14

    $1,750,000

    • 8 Beds
    • 17,982 Sq Ft

    500 NE Madison Ave, Peoria, IL 61603

    Great opportunity to own an Historic 14 multi-family close to Downtown and Hospitals. Consistent demand and stays full. 16 unit available across the street as well as3single family homes. See also MLS PA1259507

    Zachary Oyler Keller Williams Premier Realty

    500 NE Madison Ave, Peoria, IL 61603
  • /8

    $1,850,000

    • 8 Beds
    • 16,520 Sq Ft

    502 NW Bryan, Peoria, IL 61603

    Great opportunity to own an Historic 16 multi-family close to Downtown and Hospitals. Consistent demand and stays full. 14 unit available across the street as well as 3single family homes. See also MLS PA1259506

    Zachary Oyler Keller Williams Premier Realty

    502 NW Bryan, Peoria, IL 61603
  • /20

    $30,000

    • 7 Beds
    • 4,568 Sq Ft

    1111 NE Monroe St, Peoria, IL 61603

    Multi unit investor ready! Some reno done, new plumbing and electric. Easy to show.

    Jordon Boyle EJC REAL ESTATE SERVICES

    1111 NE Monroe St, Peoria, IL 61603

Why Live in Downtown Peoria

Downtown Peoria is a vibrant neighborhood along the Illinois River, offering a mix of urban amenities and outdoor recreation. The area features RiverFront Park, a popular green space with a playground, farmers market, festival grounds, and pathways, providing scenic views of the Illinois River Bridge. The Peoria Riverfront Museum nearby hosts art, history, and science exhibits, along with events like Wine & Cheese Under the Stars. Sports enthusiasts can catch a Peoria Chiefs minor-league baseball game at Dozer Park. The Peoria Zoo at Glen Oak Park, located just north of RiverFront Park, is home to over 100 species. The RiverFront District boasts diverse dining options, from The Blue Duck Barbecue Tavern to the upscale Jim's Steak House, and shopping at boutiques like Rambler. Haddad's West Peoria Market is 1.5 miles west for grocery needs. Housing includes condos in the heart of downtown, such as the Twin Towers, and bungalows and minimal traditional homes on the outskirts. Peoria School District No. 150 serves the area, with Lincoln School and Peoria High School. Bradley University is also located downtown. CityLink provides fixed-route bus service, and General Wayne A. Downing Peoria International Airport is 6 miles west. The city is in the process of developing master plans that may include athletic facilities, kayak launches, and boardwalks along the riverfront.

Home Trends in Downtown Peoria, IL

Housing Trends

Median Sale Price
$50,000
Median Single Family Sale Price
$55,832
Median 2 Bedroom Sale Price
$136,950
Median 1 Bedroom Sale Price
$163,200
Average Price Per Sq Ft
$78
Number of Homes for Sale
37
Last 12 months Home Sales
101
Months of Supply
4.40
Median List Price
$75,000
Median Change From 1st List Price
12%
Median Home Sale Price YoY Change
25%
How to Buy a Home How to Finance a Home How to Sell a Home