TAKE THE TOUR! TENANT-OCCUPIED PROPERTY OFFERING IMMEDIATE, STABLE CASH FLOW WITH A LONG-STANDING RENTER. LOCATED ALONG THE REVITALIZING NE MADISON CORRIDOR. A GREAT OPTION FOR INVESTORS SEEKING DEPENDABLE RETURNS. AVAILABLE INDIVIDUALLY OR PAIRED WITH SURROUNDING NE MADISON PROPERTIES. CURRENTLY RENTED FOR $700 PER MONTH W/ LONG TERM TENANT!
For sale
$45,000
1616 NE Madison Ave, Peoria, IL 61603
3beds
1,584sqft
Est.:
Single Family Residence, Residential
Built in 1918
2,613.6 Square Feet Lot
$49,500 Zestimate®
$28/sqft
$-- HOA
What's special
- 6 days |
- 174 |
- 9 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 10:04pm
Listed by:
Christine Schauble 309-208-9900,
eXp Realty
Source: RMLS Alliance,MLS#: PA1262695
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Upper
- Dimensions: 12ft 0in x 12ft 0in
Bedroom 2
- Level: Upper
- Dimensions: 12ft 0in x 12ft 0in
Bedroom 3
- Level: Upper
- Dimensions: 12ft 0in x 12ft 0in
Kitchen
- Level: Main
- Dimensions: 12ft 0in x 12ft 0in
Main level
- Area: 665
Upper level
- Area: 919
Heating
- Forced Air
Cooling
- None
Features
- Basement: Crawl Space,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
- Details: Number Of Garage Remotes: 0
Features
- Levels: Two
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 27 x 87
- Features: Level
Details
- Parcel number: 1803255006
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Aluminum Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Birket
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $28/sqft
- Tax assessed value: $28,620
- Annual tax amount: $1,162
- Date on market: 12/4/2025
- Cumulative days on market: 6 days
- Road surface type: Paved
Estimated market value
$49,500
$38,000 - $64,000
$1,086/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Listed for sale | $45,000+200%$28/sqft |
Source:  RMLS Alliance #PA1262695 Report a problem | ||
| 3/4/2021 | Sold | $15,000$9/sqft |
Source: RMLS Alliance #PA1221757 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $863 +4.8% | $9,540 +9% |
| 2023 | $823 +2.1% | $8,750 +4.7% |
| 2022 | $806 +1.9% | $8,360 +5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$269/mo
Principal & interest
$174
Property taxes
$79
Home insurance
$16
Climate risks
Neighborhood: North Valley
Nearby schools
GreatSchools rating
- 1/10Lincoln SchoolGrades: K-8Distance: 0.2 mi
- 1/10Manual High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: Lincoln
- High: Manual
Source: RMLS Alliance. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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