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19-Unit Apartment Package
For Sale
$60,527

2626 W WILLOWLAKE Drive, Peoria, IL 61614

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market29

Property Features for 2626 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 14-07-330-047

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 433
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 433

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

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# PA1269671

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 comprises 19 condominiums within one complex and is available only as a combined sale. The unit mix includes sixteen one-bedroom residences, one two-bedroom unit with two full baths, one two-bedroom unit with one bath, and one one-bedroom residence with a den. Property features include vinyl siding, carports, a recently seal-coated parking area, secured building access, refreshed common hallways, and central air conditioning in each unit. The buildings were constructed in 1975 and are served by public water.

The complex is situated near Willow Knolls Road and Allen Road in Peoria, with a neighborhood park and private lake among the surrounding amenities. The property is within the Dunlap School District and is near shopping and schools. Residential zoning applies. The HOA fee includes exterior maintenance, building insurance, hallway upkeep, sewer, water, and hot water.

Key Highlights

  • 19‑condominium package offered only as one combined sale
  • Unit mix includes 16 one‑bedroom residences plus three additional varied layouts
  • Carports, secured entry, updated hallways, and central air in every unit

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

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential condo holdings with varied floor plans, carports, secure entry, and central air throughout the units.
Where is this apartment building located?
The property is located at 2626 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 package offered only as one combined sale; Unit mix includes 16 one‑bedroom residences plus three additional varied layouts; Carports, secured entry, updated hallways, and central air in every unit
More about this property
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