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19-Unit Apartment Portfolio
For Sale
$60,527

2622 W WILLOWLAKE Drive, Peoria, IL 61614

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market29

Property Features for 2622 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 14-07-330-036

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 334
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 334

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 12 Last Checked: Sep 24 at 9:06PM
MLS# PA1269668

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 residential income property comprises 19 condominiums offered together as one package. The unit mix includes 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. The buildings feature vinyl siding, shingle roofs, central air, forced-air and electric heating, secure entry systems, updated hallways, and carport parking. The property was built in 1975 and receives public water service.

Willow Way Condos is located near Willow Knolls Road and Allen Road in Peoria. On-site amenities include a neighborhood park and private lake, with shopping and schools nearby. The property is within the Dunlap School district. Association services include exterior maintenance, building insurance, common hallway upkeep, sewer, water, and hot water. All 19 residences are being sold as a single package, and the property is zoned Residential.

Key Highlights

  • 19 condominiums offered only as one package
  • Unit mix includes 16 one‑bedroom residences and three two‑bedroom residences
  • One‑bedroom unit with den included in the portfolio

Property Analytics

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Current Use

Hands Free Temperature ... Department Store

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 varied one- and two-bedroom layouts, carports, secure entries, and central air conditioning.
Where is this apartment building located?
The property is located at 2622 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 condominiums offered only as one package; Unit mix includes 16 one‑bedroom residences and three two‑bedroom residences; One‑bedroom unit with den included in the portfolio
More about this property
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