TAKE THE TOUR! TURN-KEY INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT IN PLACE. THIS PROPERTY PROVIDES CONSISTENT CASH FLOW AND LOW VACANCY RISK. CONVENIENT LOCATION NEAR SCHOOLS, PARKS, AND PUBLIC TRANSIT. PERFECT FOR INVESTORS LOOKING TO ADD A STRONG, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO OR PURCHASE AS PART OF A MULTI-PROPERTY PACKAGE! CURRENTLY RENTED FOR $700 PER MONTH W/ LONG TERM TENANT.
For sale
$60,000
506 Wayne St, Peoria, IL 61603
3beds
1,289sqft
Est.:
Single Family Residence, Residential
Built in 1900
3,049.2 Square Feet Lot
$51,500 Zestimate®
$47/sqft
$-- HOA
What's special
- 5 days |
- 231 |
- 11 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 10:00pm
Listed by:
Christine Schauble 309-208-9900,
eXp Realty
Source: RMLS Alliance,MLS#: PA1262713
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 11ft 0in x 10ft 0in
Bedroom 2
- Level: Main
- Dimensions: 10ft 0in x 11ft 0in
Bedroom 3
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Other
- Area: 0
Additional level
- Area: 0
Kitchen
- Level: Main
- Dimensions: 12ft 0in x 10ft 0in
Main level
- Area: 1289
Upper level
- Area: 0
Heating
- Forced Air
Features
- Basement: Partial,Unfinished
Interior area
- Total structure area: 1,289
- Total interior livable area: 1,289 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
- Details: Number Of Garage Remotes: 0
Lot
- Size: 3,049.2 Square Feet
- Dimensions: 55 x 57
- Features: Corner Lot, Level
Details
- Parcel number: 1803307012
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Morton Voris & Laveille
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $47/sqft
- Tax assessed value: $27,120
- Annual tax amount: $1,117
- Date on market: 12/5/2025
- Road surface type: Paved
Estimated market value
$51,500
$39,000 - $66,000
$1,308/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Listed for sale | $60,000+110.5%$47/sqft |
Source:  RMLS Alliance #PA1262713 Report a problem | ||
| 4/8/2022 | Sold | $28,500-4.7%$22/sqft |
Source: RMLS Alliance #PA1232669 Report a problem | ||
| 3/28/2022 | Pending sale | $29,900$23/sqft |
Source: RMLS Alliance #PA1232669 Report a problem | ||
| 3/25/2022 | Listed for sale | $29,900+30%$23/sqft |
Source: RMLS Alliance #PA1232669 Report a problem | ||
| 6/30/2005 | Sold | $23,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $818 +4.7% | $9,040 +8.9% |
| 2023 | $781 +16.3% | $8,300 +19.3% |
| 2022 | $671 +1.9% | $6,960 +5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$359/mo
Principal & interest
$233
Property taxes
$105
Home insurance
$21
Climate risks
Neighborhood: North Valley
Nearby schools
GreatSchools rating
- 1/10Lincoln SchoolGrades: K-8Distance: 0.7 mi
- 1/10Manual High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- 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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