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19-Unit Condo Package
For Sale
$60,527

2632 W WILLOWLAKE Drive, Peoria, IL 61614

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market29

Property Features for 2632 W WILLOWLAKE Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bedroom 2, 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 14-07-330-067

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 623
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 623

Utilities

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

Amenities

neighborhood park
private lake
secure entry
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 12 Last Checked: Sep 24 at 9:06PM
MLS# PA1269676

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 same complex, available only as a single package. The unit mix consists of 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 were constructed in 1975 and feature vinyl siding, shingle roofs, electric forced-air heating, central air, secure entry, and updated hallways. Carports and a recently seal-coated parking lot serve the property.

The complex is located at 2632 W Willowlake Drive in Peoria, near Willow Knolls Road and Allen Road. Property features include a neighborhood park and private lake, with shopping and schools nearby. The property is within the Dunlap School district and has Residential zoning. The HOA fee includes exterior maintenance, building insurance, hallway maintenance, sewer, and water, including hot water.

Key Highlights

  • 19 condominiums offered together as one package at 2632 W WILLOWLAKE Drive
  • Unit mix includes 16 one‑bedroom units, two additional two‑bedroom units, and one one‑bedroom unit with a den
  • Buildings constructed 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

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 condominium package with secure entry, central air, carports, and refreshed shared hallways.
Where is this apartment building located?
The property is located at 2632 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 together as one package at 2632 W WILLOWLAKE Drive; Unit mix includes 16 one‑bedroom units, two additional two‑bedroom units, and one one‑bedroom unit with a den; Buildings constructed in 1975 with vinyl siding and shingle roofs
More about this property
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