TAKE THE TOUR! STRONG INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT AND CONSISTENT RENTAL HISTORY. THIS PROPERTY PROVIDES LOW-MAINTENANCE OWNERSHIP AND STEADY INCOME. BUY INDIVIDUALLY OR AS PART OF A STRATEGIC MULTI-PARCEL OFFERING CURRENTLY RENTED FOR $700 PER MONTH. LONG TERM TENANT!
For sale
$40,000
1617 NE Madison Ave, Peoria, IL 61603
3beds
1,590sqft
Est.:
Single Family Residence, Residential
Built in 1915
3,484.8 Square Feet Lot
$49,500 Zestimate®
$25/sqft
$-- HOA
What's special
- 5 days |
- 157 |
- 9 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 05:42am
Listed by:
Christine Schauble 309-208-9900,
eXp Realty
Source: RMLS Alliance,MLS#: PA1262710
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
Other
- Area: 0
Additional level
- Area: 0
Kitchen
- Level: Main
- Dimensions: 12ft 0in x 12ft 0in
Main level
- Area: 822
Upper level
- Area: 768
Heating
- Forced Air
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 1,590
- Total interior livable area: 1,590 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
- Details: Number Of Garage Remotes: 0
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 37 x 91
- Features: Level
Details
- Parcel number: 1803252019
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Aluminum Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Birket
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $25/sqft
- Tax assessed value: $30,060
- Annual tax amount: $1,206
- Date on market: 12/5/2025
- Cumulative days on market: 3 days
- Road surface type: Paved
Estimated market value
$49,500
$37,000 - $64,000
$1,095/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Listed for sale | $40,000+166.7%$25/sqft |
Source:  RMLS Alliance #PA1262710 Report a problem | ||
| 3/4/2021 | Sold | $15,000-46.4%$9/sqft |
Source: RMLS Alliance #PA1221758 Report a problem | ||
| 3/2/2017 | Listing removed | $28,000$18/sqft |
Source: Jim Maloof/REALTOR #1177431 Report a problem | ||
| 9/19/2016 | Listed for sale | $28,000$18/sqft |
Source: Jim Maloof/REALTOR #1177431 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $906 +4.8% | $10,020 +9% |
| 2023 | $865 +2.1% | $9,190 +4.7% |
| 2022 | $847 +1.8% | $8,780 +4.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$239/mo
Principal & interest
$155
Property taxes
$70
Home insurance
$14
Climate risks
Neighborhood: North Valley
Nearby schools
GreatSchools rating
- 1/10Lincoln SchoolGrades: K-8Distance: 0.1 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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