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Peoria, IL Multifamily Homes & Duplexes for Sale

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  • 1403 W Main St, Peoria, IL 61606
    1403 W Main St, Peoria, IL 61606
    1403 W Main St, Peoria, IL 61606
    /41

    $189,900

    • 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
  • 609 W Armstrong Ave, Peoria, IL 61606
    609 W Armstrong Ave, Peoria, IL 61606
    609 W Armstrong Ave, Peoria, IL 61606
    /29

    $119,900

    • 4 Beds
    • 2,246 Sq Ft

    609 W Armstrong Ave, Peoria, IL 61606

    Excellent Investment Opportunity! This multi-family property offers 2,246 sq. ft. of living space and features two spacious units, each with 2 bedrooms and 1 full bath. Both units are currently tenant occupied on month-to-month leases, providing flexibility for investors or owner-occupants. With strong rental income potential, this property is perfect for those looking to expand their portfolio.

    Adam Merrick Adam Merrick Real Estate

    609 W Armstrong Ave, Peoria, IL 61606
  • 1213 N University St, Peoria, IL 61606
    1213 N University St, Peoria, IL 61606
    1213 N University St, Peoria, IL 61606
    /54

    $255,000

    • 5 Beds
    • 2,380 Sq Ft

    1213 N University St, Peoria, IL 61606

    Clean, renovated up down flat duplex available for sale and ready for a new investor to profit. The property has a second lot included with a privacy fence as well as a two car garage with a new roof. Both units feature lots of natural light and many updates and renovations. The main level unit with finished basement is 1,428 SF and was recently renovated. There are 3 bedrooms (or 2 bedrooms

    Jessica Ball RE/MAX Traders Unlimited

    1213 N University St, Peoria, IL 61606
  • 500 NE Madison Ave, Peoria, IL 61603
    500 NE Madison Ave, Peoria, IL 61603
    500 NE Madison Ave, Peoria, IL 61603
    /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
  • 502 NW Bryan, Peoria, IL 61603
    502 NW Bryan, Peoria, IL 61603
    502 NW Bryan, 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
  • 919 W Moss Ave, Peoria, IL 61606
    919 W Moss Ave, Peoria, IL 61606
    919 W Moss Ave, Peoria, IL 61606
    /75

    $385,000

    • 6 Beds
    • 3,817 Sq Ft

    919 W Moss Ave, Peoria, IL 61606

    Historic Gem in the heart of Moss Ave's mature tree lines street. This property has the option of being a single family with extra room on the 3rd floor, a single family with a 3rd floor entirely separate rental or investment property with 2 incomes. Historic woodwork and charm show from the moment you walk onto the covered front porch. Hardwood floors and woodwork are original with pocket doors

    Zachary Oyler Keller Williams Premier Realty

    919 W Moss Ave, Peoria, IL 61606
  • 1111 NE Monroe St, Peoria, IL 61603
    1111 NE Monroe St, Peoria, IL 61603
    1111 NE Monroe St, 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
  • 1509 W Main St, Peoria, IL 61606
    1509 W Main St, Peoria, IL 61606
    1509 W Main St, Peoria, IL 61606
    /4

    $300,000

    • 7 Beds
    • 2,216 Sq Ft

    1509 W Main St, Peoria, IL 61606

    THIS TRIPLEX IS A GREAT MONEY MAKER AND EASY TO RENT. THE TOP UNIT IS RENTED FOR $1250. THE MAIN FLOOR UNIT IS RENTED FOR $1150 AND THE BASEMENT UNIT IS RENTED FOR $1100. TOTAL MONTHLY RENT IS $3500. THE WINDOWS WERE REPLACED IN 2010. THE BOILER REPLACED IN 2016. 5 PARKING SPOTS IN THE BACK OF THE TRIPLEX. LOCATED ACROSS THE STREET FROM BRADLEY UNIVERSITY. Landlord pays utilities averaging

    Mary Davis Gallery Homes Real Estate

    1509 W Main St, Peoria, IL 61606
  • 1009 W Armstrong Ave, Peoria, IL 61606
    1009 W Armstrong Ave, Peoria, IL 61606
    1009 W Armstrong Ave, Peoria, IL 61606
    /15

    $84,900

    • 3 Beds
    • 1,310 Sq Ft

    1009 W Armstrong Ave, Peoria, IL 61606

    Top/Bottom Duplex with shared utilities or could be used as a single family. Main floor is a 2 bedroom unit and upstairs is a 1 bedroom unit. Both units and basement connect through common back stairwell. Parking on side of the house. Rent ready. See also MLS PA1259022

    Zachary Oyler Keller Williams Premier Realty

    1009 W Armstrong Ave, Peoria, IL 61606
  • 913 W Shenandoah Dr Unit 2, Peoria, IL 61614
    913 W Shenandoah Dr Unit 2, Peoria, IL 61614
    913 W Shenandoah Dr Unit 2, Peoria, IL 61614
    /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
Illinois Peoria County Peoria

Multi-Family Homes & Duplexes for Sale in Peoria, IL

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.

Learn more about living in Peoria

Home Trends in Peoria, IL

On average, homes in Peoria, IL sell after 32 days on the market compared to the national average of 52 days. The median sale price for homes in Peoria, IL over the last 12 months is $146,000, up 12% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$146,000
Median Single Family Sale Price
$154,450
Median 2 Bedroom Sale Price
$127,500
Median 1 Bedroom Sale Price
$82,500
Average Price Per Sq Ft
$94
Number of Homes for Sale
203
Last 12 months Home Sales
1,583
Months of Supply
1.50
Median List Price
$150,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
12%

Popular Home Searches in Peoria, IL

Peoria buyers often focus on traditional layouts, backyard space, and practical upgrades for Midwest living.

How to Buy a Home How to Finance a Home How to Sell a Home

In Peoria, there are currently 10 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $30,000 to $1,850,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Peoria is $150,000, while the average sale price is $178,133, offering insights into the local housing market. On average, multi-family homes spend 32 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Peoria, IL.

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