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19-Unit Apartment Building Package
For Sale
$60,527

2608 W WILLOWLAKE Drive, Peoria, IL 61614

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market29

Property Features for 2608 W WILLOWLAKE Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Parking 19
Parking features Carport
Interior features Cable Available
Subdivision Willow Way
Lot features Level
Elementary school Ridgeview
Middle school Dunlap Valley Middle School
High school Dunlap
Directions Willow Knolls Rd. to Willowlake Dr.
Standard status Active
APN 14-07-330-001

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 111
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 111

Utilities

Heating system Electric (Heating), Forced Air
Cooling system Central Air
Water source Public

Amenities

neighborhood park
private lake
secure entry
updated hallways
central air
carports

Building Details

Year built 1975
Number of units 19
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge · License #475124221
Added: Aug 27 Changed: Sep 13 Last Checked: Sep 24 at 9:06PM
MLS# PA1269658

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This offering includes 19 condominium units within the Willow Way Condos complex, available only as a combined package. The unit mix comprises 16 one-bedroom residences, one two-bedroom unit with two full baths, one two-bedroom unit with one bath, and one one-bedroom unit with a den. Built in 1975, the buildings feature vinyl siding, shingle roofs, forced-air electric heating, and central air in every unit. Residents also have access to carports, a seal-coated parking area, secure entry, and updated hallway finishes.

The property is located at 2608 W Willowlake Drive in Peoria, just off Willow Knolls Road and Allen Road. The setting includes a neighborhood park and private lake, with shopping and schools nearby. Units receive public water service, while the HOA fee covers exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19 condominium units offered only as one package
  • Unit mix includes 16 one‑bedroom units, one two‑bedroom/two‑bath unit, one two‑bedroom/one‑bath unit, and one one‑bedroom unit with den
  • Built in 1975 with vinyl siding and shingle roofs

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

723
Businesses Nearby

Demographics for 61614, IL

27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Condominium package with refreshed common areas, secure entry, carports, and central air in each unit.
Where is this apartment building located?
The property is located at 2608 W WILLOWLAKE Drive Peoria, IL.
What is the asking price?
The asking price for this property is $60,527.
What are key features of this property?
This property features: 19 condominium units offered only as one package; Unit mix includes 16 one‑bedroom units, one two‑bedroom/two‑bath unit, one two‑bedroom/one‑bath unit, and one one‑bedroom unit with den; Built in 1975 with vinyl siding and shingle roofs
More about this property
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