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Peoria, IL Multifamily Homes & Duplexes for Sale

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  • /24

    $99,900

    • 3 Beds
    • 1,952 Sq Ft

    511 W Loucks Ave, Peoria, IL 61604

    2-UNIT MULTIFAMILY OPPORTUNITY IN A CONVENIENT PEORIA LOCATION! MAIN LEVEL UNIT FEATURES A SPACIOUS LIVING AREA WITH HARDWOOD FLOORING, FORMAL DINING SPACE, 1 BEDROOM & 1 FULL BATH. UPPER LEVEL UNIT OFFERS 2 BEDROOMS & 1 FULL BATH WITH GREAT NATURAL LIGHT THROUGHOUT. COMMON LAUNDRY AREA AVAILABLE FOR TENANT USE. UPPER UNIT IS CURRENTLY RENTED MONTH-TO-MONTH AT $750/MONTH PROVIDING IMMEDIATE

    Agent Photo

    Genesis Ady

    The Royal Realty Company Illin

    (309) 491-4818

    511 W Loucks Ave, Peoria, IL 61604
  • /78

    $375,000

    • 9 Beds
    • 4,900 Sq Ft

    501 W Columbia Terrace, Peoria, IL 61606

    HUGE ALL-BRICK TRIPLEX over 5000 finished sqft! Incredible investment opportunity offering three spacious 3-bedroom units, each approximately 1,600–1,700 sq ft. This solid brick property has been extensively updated, featuring a 2024 roof, 2024 furnaces and A/C units, newer electrical, one new water heater, new bathroom vanities, new washers and dryers, and multiple newer appliances. Main and

    Sarah Knickerbocker RE/MAX Traders Unlimited

    501 W Columbia Terrace, Peoria, IL 61606
  • /17

    $139,900

    • 5 Beds
    • 2,220 Sq Ft

    1003 NE Monroe St, Peoria, IL 61603

    Investor opportunity in Peoria! This triplex property offers strong income potential and long-term upside. Featuring 5 total bedrooms and 3 bathrooms, the building includes multiple units with spacious layouts and a mix of 1- and 3-bedroom configurations. The property offers approximately 2,220 square feet and was originally built in 1900, providing classic character with value-add potential.

    Troy Kerrn Keller Williams Premier Realty

    1003 NE Monroe St, Peoria, IL 61603
  • /2

    $180,000

    • 5 Beds
    • 2,195 Sq Ft

    3812 N Sheridan Knolls Ct Unit 2, Peoria, IL 61614

    EXCELLENT INVESTMENT OPPORTUNITY! This all-brick duplex features one 3-bedroom, 1.5-bath unit and one 2-bedroom, 1-bath unit, the property has potential to generate a gross annual income of $21,600 offering very low maintenance costs. One unit is currently rented, with a long-term tenant. With the other unit currently vacant and has a signed lease from 1May26. Current rents are below market,

    Venky Basam Keller Williams Premier Realty

    3812 N Sheridan Knolls Ct Unit 2, Peoria, IL 61614
  • /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
  • /2

    $32,900

    • 2 Beds
    • 932 Sq Ft

    805 NE Madison Ave, Peoria, IL 61603

    Great investment opportunity! This property offers strong potential for rental income, renovation, or resale. Whether you're looking to expand your portfolio or start investing, this home provides a solid foundation with value-add potential. Convenient location and endless possibilities make this a must-see for investors.

    Adam Merrick Adam Merrick Real Estate

    805 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
  • /7

    $79,900

    • 4 Beds
    • 2,038 Sq Ft

    1823 N Linn St Unit 2, Peoria, IL 61604

    Fully occupied duplex generating approxiately $15,600 annually. Estimated NOI $9,300. Approx. 13.67% cap rate at $79,900 Two 2 BR/1BA units Strong rental area. Furnace 4 years old Hot water heater 1 year old. Sold AS-IS Opportunity to increase rents. This property offers a practical and affordable investment option with a duplex layout, giving buyers the ability to create rental income,

    Carolyn Catton Realty Executives Acclaimed

    1823 N Linn St Unit 2, Peoria, IL 61604
  • /2

    $45,000

    • 2 Beds
    • 1,118 Sq Ft

    1714 N Linn St, Peoria, IL 61604

    Great investment opportunity! This property offers strong potential for rental income, renovation, or resale. Whether you're looking to expandyour portfolio or start investing, this home provides a solid foundation with value-add potential. Convenient location and endless possibilities make this a must-see for investors.

    Adam Merrick Adam Merrick Real Estate

    1714 N Linn St, Peoria, IL 61604
  • /4

    $105,000

    • 2 Beds
    • 1,677 Sq Ft

    1103 W Nebraska Ave, Peoria, IL 61604

    Tons of charm and character in this duplex in Peoria. Both units are one bedroom, one bathroom and fully occupied! Convenient location with quick interstate access to everything Peoria has to offer. Great start or addition to your investment portfolio! Schedule your tour now!!

    Bryson Smith Keller Williams Premier Realty

    1103 W Nebraska Ave, Peoria, IL 61604
  • /2

    $62,000 Coming Soon

    • 2 Beds

    1113 W Columbia Terrace, Peoria, IL 61606

    COMING SOON: Up/down duplex with a ton of potential for anyone willing to do some work. 1 bedroom/1 bath in each unit. New furnace in 2025. Selling AS IS

    Jena Manbeck eXp Realty

    1113 W Columbia Terrace, Peoria, IL 61606
  • /46

    $225,000

    • 4 Beds
    • 2,242 Sq Ft

    3601 W Richwoods Blvd, Peoria, IL 61604

    Rare find-townhome duplex. Each unit has 2 bedroom 1 bath, laundry, and all appliances. Upper unit-updated bath and additional sunroom. Lower unit has similar layout. Units are vacant so ready for new owner. Set up your showing todsy

    Donna Jones Craig Move Smart Realty

    3601 W Richwoods Blvd, Peoria, IL 61604
  • /42

    $3,500,000

    • 5 Beds
    • 20,038 Sq Ft

    311 SW Water St Unit 3 & 4, Peoria, IL 61602

    We are pleased to present the opportunity to acquire a premier residential portfolio within the Waterfront Place building. This offering includes the entirety of the 3rd and 4th floors (23 luxury loft apartments), a usable 3rd-story rooftop deck, and building air rights. Situated in a renovated 1900 brick-and-timber warehouse, this asset perfectly blends historic industrial charm with modern

    Mark Ferrill RE/MAX Traders Unlimited

    311 SW Water St Unit 3 & 4, Peoria, IL 61602
  • /43

    $570,000

    • 8 Beds
    • 6,032 Sq Ft

    2613 W Wardcliffe Dr, Peoria, IL 61604

    Solid multi-family asset with 8 total units! There are two buildings with 4 units in each, totaling 8 units. Each unit features 2 bedrooms and 1 bath. Owner pays water, sewage, and trash. Tenants pay gas and electric, and each unit includes its own laundry hookups for added convenience.

    Linda Kepple Keller Williams Premier Realty

    2613 W Wardcliffe Dr, Peoria, IL 61604
  • /15

    $169,990

    • 4 Beds
    • 1,776 Sq Ft

    2604 W Wardcliffe Dr, Peoria, IL 61604

    Solid investment opportunity in the heart of Peoria! This all-brick Ranch Duplex features two well-maintained units, each offering 2 bedrooms and 1 full bath with functional, single-level living. Both units are tenant-occupied with long-term stability—one tenant has been in place for many years —both would prefer to stay, providing immediate and reliable income. Tenants pay all utilities and

    Jill Barclay eXp Realty

    2604 W Wardcliffe Dr, Peoria, IL 61604
  • /2

    $185,000

    • 5 Beds
    • 2 Sq Ft

    3820 N Sheridan Knolls Ct Unit 2, Peoria, IL 61614

    EXCELLENT INVESTMENT OPPORTUNITY! This all-brick duplex features one 3-bedroom, 1.5-bath unit and one 2-bedroom, 1-bath unit, currently renting at $900/month & $950/month, the property generates a gross annual income of $22,200 offering very low maintenance costs. Both units are currently rented, with one having a long-term tenant. Current rents are below market, providing strong potential for

    Venky Basam Keller Williams Premier Realty

    3820 N Sheridan Knolls Ct Unit 2, Peoria, IL 61614
  • /5

    $200,000

    • 5 Beds
    • 2,076 Sq Ft

    723 W Armstrong Ave, Peoria, IL 61606

    24-48 hr. notice for showings. Renovated duplex offering a strong investment opportunity with immediate income potential. One unit features 2 bedrooms and 1 bathroom, while the second unit offers a spacious 3-bedroom, 2-bathroom layout. Both units have been thoughtfully updated with new kitchens, modern flooring, fresh paint, and renovated bathrooms, providing a clean and move-in ready

    Michelle Tribe Keller Williams Revolution

    723 W Armstrong Ave, Peoria, IL 61606
  • /17

    $99,000

    • 4 Beds
    • 1,496 Sq Ft

    1617 NE Monroe St, Peoria, IL 61603

    GREAT OPPORTUNITY FOR A DUPLEX IN THE HEART OF PEORIA. This up/down duplex has 2 bedrooms and 1 full bath in each unit. Paved parking spot for 2-3 vehicles and on street parking. Basement is shared between units and has laundry hook ups. Each unit also has 2 porches and a shared patio area. Main level unit is occupied with month to month tenant (who would like to stay) and upper level unit is

    Jack Duvall Jim Maloof Realty, Inc.

    1617 NE Monroe St, Peoria, IL 61603
  • /41

    $140,000

    • 5 Beds
    • 4,368 Sq Ft

    1530 W Barker Ave, Peoria, IL 61606

    Discover the potential of this charming two-story duplex at 1530–1532 W Barker Avenue—a perfect opportunity for investors or owner-occupants looking for rental income. Full of character and classic details, this property offers two spacious units with great layouts and functional living spaces. The upstairs unit features 2 bedrooms, a roomy living area with a walk-in coat closet, a full bath, and

    Linda Kepple Keller Williams Premier Realty

    1530 W Barker Ave, Peoria, IL 61606
  • /6

    $120,000

    • 2 Beds
    • 2,072 Sq Ft

    1210 W Mcclure Ave, Peoria, IL 61604

    Great investment opportunity! This duplex offers two one bedroom, one bathroom units and is fully occupied! Convenient location with easy interstate access to everything Peoria has to offer! This could be a great start or addition to your portfolio! Call today to schedule a tour!!

    Bryson Smith Keller Williams Premier Realty

    1210 W Mcclure Ave, Peoria, IL 61604
  • /52

    $168,000

    • 6 Beds
    • 1,648 Sq Ft

    1620 W Fredonia Ave, Peoria, IL 61606

    PRIME BRADLEY UNIVERSITY INVESTMENT OPPORTUNITY! Unlock a phenomenal investment with this multi-family property located at 1620 West Fredonia Avenue, a powerhouse for rental income. Situated just 0.1 miles from Bradley University, this home is a student housing dream, offering an unbeatable walk-to-campus location that tenants will compete for. This two-story duplex is an investor's perfect

    Adam Merrick Adam Merrick Real Estate

    1620 W Fredonia Ave, Peoria, IL 61606
  • /2

    $175,000

    • 4 Beds
    • 1,640 Sq Ft

    3905 N Vincent Ave, Peoria Heights, IL 61616

    Rare opportunity in this duplex in the Heights! Both units are two bedroom, one bathrooms that are fully occupied! Great location, just moments away from tons of dining and shopping options! Don’t miss the chance to add this gem to your portfolio! Schedule your tour today!!

    Bryson Smith Keller Williams Premier Realty

    3905 N Vincent Ave, Peoria Heights, IL 61616

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
$149,500
Median Single Family Sale Price
$154,000
Median 2 Bedroom Sale Price
$120,000
Median 1 Bedroom Sale Price
$74,900
Average Price Per Sq Ft
$95
Number of Homes for Sale
195
Last 12 months Home Sales
1,626
Months of Supply
1.40
Median List Price
$149,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
6%
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