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    1620 W Fredonia Ave Peoria, IL 61606

    For Sale
    $168,000

    Residential Income - Peoria, IL

    Property size:
    1,648 SF
    Lot size:
    0.15 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 1620 W Fredonia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    18-08-106-005
    Parking
    6
    Interior features
    Cable Available
    Exterior features
    Level
    Size
    1,648 SF
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Baseboard, Electric (Heating), Hot Water (Heating), Natural Gas, Radiant

    Building Details

    Year built
    1924
    Number of units
    2
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Adam Merrick Real Estate (309) 273-1808 [email protected]

    Listing agent Adam Merrick (309) 282-1000 License #471018071

    Listing date Nov 14, 2025

    MLS# PA1262378 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bradley University Investment Opportunity

    This two-story duplex, located 0.1 miles from Bradley University, presents a rental income opportunity. The property features a total of 6 bedrooms and 2 bathrooms within its 1,648 square feet. The layout is designed to accommodate up to six students, maximizing rental yield due to the demand for student housing. Additional amenities include a full basement for storage and a detached garage. Situated on a 0.15-acre lot, this property is located in Peoria, Illinois.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.619243
    Latitude
    40.695056

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    FAQs

    What type of property is this?
    Duplex - Multi-family property near Bradley University, ideal for student housing.
    Where is this duplex located?
    The property is located at 1620 W Fredonia Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: - Prime location: Just 0.1 miles from Bradley University, ideal for student housing.; - High rental income potential: Designed to accommodate up to six students.; - Turn-key investment opportunity: Ready for immediate rental income generation.
    (309) 282-1000
    Request Owner's contact information
    1620 W Fredonia Ave Peoria, IL 61606
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    Peoria, IL 61606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1620 W Fredonia Ave Peoria, IL 61606
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