N Elmwood Ave, Peoria, Home For Sale

house for sale

Listed: 06/27/24

1206 N Elmwood Ave, Peoria, Illinois, 61606

Studio Bed:

2 Bath:

2,625 Sq Ft Living Area:

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Price

$ 229,950

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About This House

Rare Opportunity to Own a Versatile Duplex in the Uplands Dont miss out on one of the few legal duplexes available in the Uplands. This unique property offers endless possibilities: live in one unit while the other covers most of your mortgage, or easily convert it back into a spacious single-family home. The downstairs 1-bedroom unit is currently rented for $890 monthly, providing immediate income. The spacious 2-bedroom upstairs unit is vacant and ready for a new tenant or an owner to move in. Each unit has separate gas, HVAC,and electric systems, keeping ownership costs low. Located within walking distance to Bradley University and offering a quick, easy commute to OSF and downtown, this property is perfectly situated. Additional features include a full basement with a shared laundry facility and extra space for tenants. This is a rare chance to invest in a property with so much potential.

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Houses for sale in Peoria

Original listing

Peoria Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$78,943 (-20.4%)
Apr 2024	$99,121 (0%)
Mar 2024	$99,121 (0%)
Feb 2024	$99,121 (0%)
Jan 2024	$99,121 (+38.7%)
Dec 2023	$71,458 (-13.5%)

In May 2024, the asking price for 2 bed houses for sale in/near Peoria, United States averaged $78,943, a decrease of 20.4% from the previous month.

Median price trends for properties for sale in Peoria, United States as of May 2024.

Household Income

Median household income: $47,697

Number of households: 46,491

The average household income in Peoria, IL grew from $46,547 to $47,697 in the past year. This data is an estimate based upon 46,491 households in Peoria, IL.
The chart below presents how household income is distributed in Peoria, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Peoria, IL compared to median property taxes around the country. The prevalent amount of property taxes in Peoria, IL equals $3k+ , which is more than the national average.