NOT LISTED FOR SALE

501 E Illinois Ave Peoria, IL 61603

West Bluff Neighborhood

Estimated Value: $70,000 - $82,000

4 Beds
3 Baths
2,284 Sq Ft
$33/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2016

Last sale price $46,000 $20 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $565 / mo

757 Days on Market

About This Home

As of August 2016

Great opportunity. Clean and well maintained large home with two rental units (upper and lower). Huge attic with lots of possibilities. Unit 1 has 2 bedrooms, 1.5 baths and Unit 2 has 2 bedrooms, 1 bath. Each unit has full kitchen with stove and refrigerator. Updated areas throughout. Each unit is move in ready!

Last Agent to Sell the Property

Wayne Thomas

Heritage Premier Realty License #475.114028 Listed on: 06/11/2014

Last Buyer's Agent

Mike Madanat

RE/MAX Traders Unlimited License #475166752

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1900

Lot Details

  • 5,009

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Glen Oak Elementary School
  • Peoria High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,850

Year Built

Built in 1900

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: NE 1/4 SEC 4-8-8E S 100' Lot 7, Blk 2
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Price Per Sq Ft: 20.14
  • Total Sq Ft: 2284

Exterior Features

  • Exterior: Composition Siding
  • Road Access: Paved

Garage/Parking

  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Forced Air, Gas, 2+ Cooling Systems, Central Air
  • Water Sewer: Public Sewer, Public Water

Schools

  • Elementary School: Glen Oak
  • High School: Peoria High

Lot Info

  • Estimated Lot Size: 50x100
  • Lot Description: Corner
  • Subdivision: Smith Fryes
  • Geo Subdivision: IL

Rental Info

  • Gross Annual Rent Income: 19800
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 1849.98
  • Parcel Id Number Tax Id: 18-04-230-029
  • Tax Year: 2015

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 19800
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2023
Sold by
Bought by
Current Estimated Value
$76,260

Purchase Details

Listed on
Jun 11, 2014
Closed on
Aug 1, 2016
Sold by
Bought by
Seller's Agent
Wayne Thomas
RE/MAX Traders Unlimited
Buyer's Agent
Mike Madanat
RE/MAX Traders Unlimited
List Price
$52,000
Sold Price
$46,000
Premium/Discount to List
-$6,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$36,800
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2004
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$72,000 None Listed On Document
$46,000 Attorney Only
$16,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $36,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $46,000 -11.5% $20 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/11/2014 06/11/14 For Sale $52,000 -- $23 / Sq Ft
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,857 $20,530 $2,040 $18,490
2023 $1,021 $16,850 $1,870 $14,980
2022 $810 $14,400 $1,740 $12,660
2021 $768 $13,720 $1,660 $12,060
2020 $760 $13,580 $1,640 $11,940
2019 $782 $13,850 $1,670 $12,180
2018 $775 $13,960 $1,790 $12,170
2017 $795 $14,100 $1,810 $12,290
2016 $1,346 $14,100 $1,810 $12,290
2015 $1,562 $13,820 $1,770 $12,050
2014 $1,562 $16,640 $1,860 $14,780
2013 -- $16,840 $1,880 $14,960
Source: Public Records

Agents Affiliated with this Home

  • Wayne Thomas

    Seller's Agent in 2016

    Wayne Thomas

    Heritage Premier Realty

    (309) 303-1063

    1 in this area

    8 Total Sales

    Wayne Thomas
    Section Image

  • M

    Buyer's Agent in 2016

    Mike Madanat

    RE/MAX

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA1153656

RMLS Alliance

APN: 18-04-230-029

Illinois Peoria County Peoria 61603 West Bluff

501 E Illinois Ave, Peoria, IL

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Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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