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    818 NE Madison Ave Peoria, IL 61603

    New
    For Sale
    $59,900

    Residential Income - Peoria, IL

    Property size:
    2,304 SF
    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 818 NE Madison Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    18-03-354-004
    Parking features
    On Street
    Exterior features
    Level
    Size
    2,304 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Honig Realty Inc (dba Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Donna Fauntleroy (815) 553-2406 License #475.142750

    Listing date Dec 12, 2025

    MLS# PA1261676 Listing URL

    Copyright © 2025 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.

    Overview

    Peoria Duplex: Investment Opportunity

    This residential income property in Peoria, Illinois, presents an investment opportunity with two units. Each unit includes a living room, dining room, kitchen, two bedrooms, and a full bathroom. One of the units also features basement access, providing additional storage and utility space. The property includes a front porch and a spacious backyard. While the property requires some improvements, it offers the potential to build equity and generate income. The lot size is 0.14 acres, and the property size is 2304 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.582242
    Latitude
    40.699449

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    FAQs

    What type of property is this?
    Duplex - Duplex in Peoria, Illinois, offering income potential with TLC.
    Where is this duplex located?
    The property is located at 818 NE Madison Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Duplex offers potential for rental income generation.; - Each unit includes a living room, dining room, kitchen, two bedrooms, and a full bathroom.; - One unit features basement access for added storage.
    (815) 553-2406
    Request Owner's contact information
    818 NE Madison Ave Peoria, IL 61603
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    Peoria, IL 61603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    818 NE Madison Ave Peoria, IL 61603
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