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Peoria, IL Multifamily Homes & Duplexes for Sale

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  • /41

    $199,900

    • 7 Beds
    • 2,712 Sq Ft

    1403 W Main St, Peoria, IL 61606

    Great investment opportunity in the Uplands right across from Bradley University with its own parking and 2 stall detached garage. Unit 1 has 5 bedrooms, 2 full baths, kitchen, living room space and an enclosed porch. This unit has a finished attic which serves as the 5th bedroom. Unit 2 (basement unit) has 2 bedrooms, 1 full bath, kitchen and living room area. Location is close to the downtown

    Agent Photo

    Amanda Allsup

    RE/MAX Traders Unlimited

    (309) 220-3803

    1403 W Main St, Peoria, IL 61606
  • /57

    $160,000

    • 6 Beds
    • 1,676 Sq Ft

    1611 W Barker Ave, Peoria, IL 61606

    Excellent investment opportunity just steps from Bradley University! This property at 1611 Barker Ave is perfectly situated in a high-demand "walk-zone," making it an ideal student rental. Tenants can ditch the parking pass and enjoy a short walk to classes, the library, and campus events. The functional layout is well-suited for multiple occupants, offering a fantastic setup for consistent and

    Adam Merrick Adam Merrick Real Estate

    1611 W Barker Ave, Peoria, IL 61606
  • /43

    $160,000

    • 5 Beds
    • 1,680 Sq Ft

    1417 W Main St, Peoria, IL 61606

    An unbeatable A+ location! This property at 1417 W Main St offers an incredible investment opportunity directly across the street from the heart of Bradley University. This is the absolute prime location for a student rental, guaranteeing high demand and consistent income year after year. Tenants can walk to the Business and Engineering Complex, Westlake Hall, and the library in just minutes. The

    Adam Merrick Adam Merrick Real Estate

    1417 W Main St, Peoria, IL 61606
  • /9

    $124,900

    • 4 Beds
    • 2,767 Sq Ft

    1104 N Ellis St, Peoria, IL 61606

    Do not miss your chance to own this all-brick, duplex. Large semi-finished basement which could be used to add another bedroom, bathroom, and kitchen (already started) to the existing main level 2-bedroom unit, which would then make it a 3-bedroom, 2 bath or even a 4 bedroom, 2 bath with a second kitchen. Large rooms, hardwood floors, with each unit featuring a sunroom. Laundry room located in

    Ryan Tucker Keller Williams Revolution

    1104 N Ellis St, Peoria, IL 61606
  • /16

    $140,000

    • 2 Beds
    • 1,272 Sq Ft

    8701 N Picture Ridge Rd, Peoria, IL 61615

    Investment property in great location! This side-by-side Duplex features 1 bedroom, 1 bathroom and a 1 car detached garage for each unit. Shared Laundry area. Both units currently have tenants in place.

    Linda Kepple Keller Williams Premier Realty

    8701 N Picture Ridge Rd, Peoria, IL 61615
  • /5

    $200,000

    • 4 Beds
    • 2,196 Sq Ft

    913 W Shenandoah Dr Unit 2, Peoria, IL 61614

    GREAT INVESTMENT OPPORTUNITY- Well Maintained. Fully rented units. Duplex includes a one stall garage and plenty of room for parking. Large back yard, private side porch, front porch and shared courtyard. 48 Notice for showings. Qualified buyers only.

    Liz Danner RE/MAX WRC Downtown

    913 W Shenandoah Dr Unit 2, Peoria, IL 61614
  • /11

    $239,900

    • 7 Beds
    • 4,100 Sq Ft

    2405 N Sheridan Rd, Peoria, IL 61604

    Welcome to 2405 N. Sheridan Rd. 4 units. Unit 1 and 2 are 3 bed, 1 bath, 1300 sq ft each and have the same spacious floor plan. Loads of character and charm here! Unit 3 is a 1 bed, 1 bath with a private entrance at the back of the building. Unit 4 is a studio unit with an entrance at the front of the building, lower level. Roof 2015, Windows 2024. Seller pays water. Tenants pay gas and

    Adam Merrick Adam Merrick Real Estate

    2405 N Sheridan Rd, Peoria, IL 61604
  • /4

    $115,000

    • 4 Beds
    • 2,264 Sq Ft

    1106 NE Jefferson Ave, Peoria, IL 61603

    2-story, residential, 4-plex fully occupied with stable tenants. Each of the four units features 1 bedroom, 1 bathroom, and a functional kitchenette, offering efficient, low-maintenance living spaces. A shared laundry area is conveniently available for all residents and provided by the landlord. Water, sewer, and garbage collection services are also covered by the landlord, adding value and ease

    Ryan Blackorby Jim Maloof Realty, Inc.

    1106 NE Jefferson Ave, Peoria, IL 61603
  • /38

    $165,000

    • 5 Beds
    • 1,800 Sq Ft

    1624 W Barker Ave, Peoria, IL 61606

    Discover ideal student housing near Bradley University at 1624 Barker Ave! This spacious duplex features a total of 5 bedrooms and 2 full bathrooms, complemented by the convenience of two separate kitchens. This setup offers added flexibility for roommates. Its prime location offers easy access to campus, making it a perfect choice for students seeking comfortable and well-situated off-campus

    Adam Merrick Adam Merrick Real Estate

    1624 W Barker Ave, Peoria, IL 61606
  • /32

    $229,000

    • 4 Beds
    • 3,488 Sq Ft

    919 W Percy Baker Junior Ave, Peoria, IL 61605

    Stately and recently renovated 4 unit, all brick investment property with excellent cash flow opportunity. The main level features 2 units, each 1 bedroom, 1 bathroom, the second level also features 2, 1/1 units. One unit on the second level has a covered porch (200 SF). Full, unfinished basement with storage units for each tenant/unit and hookups for common washers/dryers. Renovations include

    Jessica Ball RE/MAX Traders Unlimited

    919 W Percy Baker Junior Ave, Peoria, IL 61605

Why Live in Peoria

The scenic Illinois River flows through Peoria's vibrant downtown, where the Spirit of Peoria paddlewheel boat takes visitors on memorable river cruises. Residents enjoy performances at the Peoria Civic Center, which hosts Broadway shows and concerts, while the historic Apollo Theater features live music throughout the year. The Peoria Riverfront serves as a cultural hub with its museum, sculpture garden, and Holocaust Memorial. Outdoor recreation thrives along Grand View Drive, famously dubbed "the world's most beautiful drive" by Theodore Roosevelt, while the Forest Park Nature Center provides extensive hiking trails. The local food scene includes upscale dining at 2 Chez, premium cuts at Alexander's Steakhouse, and innovative American cuisine at Table 19 inside the Marriott Pere Marquette. The Peoria housing market features diverse options across distinct neighborhoods. Single family homes in Forest Hills command a median price of $216,000, while similar properties in Downtown Peoria have a median price of $69,500. The median price for one bedroom condos throughout Peoria is $80,000, and two bedroom condos typically sell for a median price of $125,500. The overall median home sale price in Peoria is $145,000. The cost of living in Peoria sits 3.9% below the national average. A family with school age children needs an annual salary of $102,000 to live comfortably, with monthly housing costs around $2,000 and grocery expenses near $1,500. Property taxes in Peoria County stand at 2.24%, while the combined sales tax rate is 8.89%. The public school system includes Thomas Metcalf School, rated A+ by Niche, serving North Peoria. Bradley University maintains a significant presence in the city. Major employers include Caterpillar Inc., OSF Healthcare System, and UnityPoint Health, providing stable employment opportunities for residents.

Home Trends in Peoria, IL

Housing Trends

Median Sale Price
$91,000
Median Single Family Sale Price
$78,000
Median 2 Bedroom Sale Price
$160,000
Median 1 Bedroom Sale Price
$199,250
Average Price Per Sq Ft
$95
Number of Homes for Sale
47
Last 12 months Home Sales
406
Months of Supply
1.40
Median List Price
$98,500
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
133%
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