$50,000
SOLD MAR 7, 2025

2701 NE Madison Ave Peoria, IL 61603

Downtown Peoria Neighborhood
5 Beds
1.5 Baths
1,645 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

29% Below List Price

5 Days on Market

Highlights

  • Corner Lot
  • Formal Dining Room
  • Forced Air Heating System
  • No HOA
  • 2 Car Detached Garage

About This Home

As of March 2025

Great 5 bedroom, 1.5 bath investment home with current PHA tenants. Don't miss out on this amazing package of homes that make a turn key investment portfolio.

Last Agent to Sell the Property

Adam Merrick

Adam Merrick Real Estate Brokerage Email: homes@adammerrick.com License #471018071 Listed on: 01/07/2025

Last Buyer's Agent

Michelle Tribe

Keller Williams Revolution License #475182592

Keller Williams Revolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,205

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 43x132
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,645 Sq Ft Home
  • 1.5-Story Property
  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Peoria High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Haung's Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-35-304-040

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,205

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1920
  • Architectural Style: One and Half Story
  • New Construction: No
  • PricePerSqFt: 30.4
  • Attribution Contact: homes@adammerrick.com
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Cable Available
  • Living Area: 1645
  • TotalBasementSqFt: 492
  • KitchenDining: Dining Formal

Exterior Features

  • Lot Features: Corner Lot
  • Road Surface Type: Paved
  • Construction Type: Frame, Aluminum Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Heating: Gas, Forced Air, No Cooling
  • Water Source: Public Sewer, Public
  • NumberOfGarageRemotes: 0
  • UtilitiesOnYN: Yes

Condo/Co-op/Association

  • Senior Community: No
  • MandatoryMonthlyFee: No
  • MandatoryAnnualFee: No

Schools

  • High School: Peoria High

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size: 43X132
  • Parcel #: 14-35-304-040
  • ZonedAgricultural: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1205
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Mccormick Matthew
Bought by
Dinh Khanh and Mccormick-Dinh Maria
Current Estimated Value
$56,667

Purchase Details

Closed on
Jul 12, 2000
Bought by
Mccormick-Dinh Maria K and Mccormick Matthew J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Deed $18,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $50,000 -28.6% $30 / Sq Ft
01/12/2025 01/12/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $70,000 -- $43 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $949 $10,490 $1,320 $9,170
2023 $905 $9,620 $1,210 $8,410
2022 $821 $8,510 $1,170 $7,340
2021 $805 $8,100 $1,110 $6,990
2020 $804 $8,020 $1,100 $6,920
2019 $815 $8,180 $1,120 $7,060
2017 $881 $9,140 $1,260 $7,880
2016 $857 $9,140 $1,260 $7,880
Source: Public Records

Agents Affiliated with this Home

  • Adam Merrick

    Seller's Agent in 2025

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    126 in this area

    4,342 Total Sales

    Adam Merrick
    Section Image
  • Michelle Tribe

    Buyer's Agent in 2025

    Michelle Tribe

    Keller Williams Revolution

    (309) 992-8868

    4 in this area

    44 Total Sales

    Michelle Tribe
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1255371

RMLS Alliance

APN: 1435304040

Illinois Peoria County Peoria 61603 Downtown Peoria

2701 NE Madison Ave, Peoria, IL

This home is located at 2701 NE Madison Ave, Peoria, IL 61603 and is currently priced at $50,000, approximately $30 per square foot. This property was built in 1920. 2701 NE Madison Ave is a home located in Peoria County with nearby schools including Lincoln School, Peoria High School, and St Thomas Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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