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Duplex Income Property

805 NE MADISON Avenue Peoria, IL 61603

805 NE MADISON Avenue, Peoria, IL, 61603
$32,900
For Sale
$32,900

MULTI_FAMILY - Peoria, IL

Lot Size0.12 Acres
Days on Market89

Property Features for 805 NE MADISON Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking
2
Basement
Partial, Unfinished
Standard status
Active
APN
18-03-307-015
Lot size
0.12 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
MORTON VORIS & LAVEILLE'S ADD SW 1/4 SEC 3-8-8E NE 1/2 LOT 2 BLK 61 (84-15147)
Tax Annual Amount
1263

Utilities

Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1900
Number of units
2
Building materials
Asbestos
Roof type
Shingle
Listing Agency Adam Merrick Real Estate
2400 N Main Street Suite B, East Peoria, IL
Listed by Adam Merrick · License #471018071
Added: Apr 20 Checked: Jul 17 at 6:06 pm
MLS# PA1265762 Listing URL

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 for-sale duplex is classified as a residential income property and multifamily asset, configured as two separate dwelling units within one building. The listed lot area is 0.12 acres, providing a compact site for an income-oriented residential property.

The property is located at 805 NE Madison Avenue in Peoria, Illinois 61603, in Peoria County. Its address offers straightforward local access for touring and for anyone seeking an in-town residential investment opportunity.

As a duplex, the building may appeal to investors looking for a two-unit residential income structure rather than a single-family setup. It can also be relevant for buyers who want to own a small multifamily property in Peoria and manage it as an income-producing asset, depending on their underwriting and operating plan.

Key Highlights

  • Built in 1900
  • Heating includes forced air with natural gas
  • Public water source

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Hair Salon Locksmith Nail Salon Butcher Barber Shop Acupuncture (Bike/Boat/Book/etc) Store Electrical Service Restaurant Wine and Liquor Store

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

FAQs

What type of property is this?
Duplex - For sale duplex in Peoria, IL, offering a residential income setup on a small lot.
Where is this duplex located?
The property is located at 805 NE MADISON Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $32,900.
What are key features of this property?
This property features: Built in 1900; Heating includes forced air with natural gas; Public water source
Contact an agent
More about this property
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