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Duplex with Alley Parking
For Sale
$145,000

1624 W Fredonia Ave, Peoria, IL 61606

Two-unit property near Bradley University with off-street parking and convenient highway access.

Property Size2,108 SF
Price / SF$68.79
Days on Market66

Property Features for 1624 W Fredonia Ave

General Information

Standard status Active
Size 2,108 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1891
Buildings 1
Listing Agency: Adam Merrick Real Estate
Listed By: Adam Merrick (homes@adammerrick.com)
Source: Searchillinoishomesforsale
Added: Jun 29 Changed: Sep 2 Last Checked: Sep 1 at 7:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Adam Merrick Real Estate

Investment Insights

Based on property information with market context.

This duplex at 1624 W Fredonia Ave in Peoria, Illinois, contains 2,108 square feet and was built in 1891. The property is described as well maintained, with dedicated off-street parking available through the alley.

Bradley University is within walking distance, along with local coffee shops and other campus-oriented destinations. Highway access is also nearby, providing a convenient connection for commuters and visitors. The two-unit configuration and proximity to the university support residential rental use in an established campus-area setting.

Key Highlights

  • Duplex with 2,108 square feet
  • Dedicated off‑street alley parking
  • Walking distance to Bradley University

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Electrical Service Garden Center

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

630
Businesses Nearby

Demographics for 61606, IL

6,798
Population
2,898
Households
2.3
Avg Household Size
26
Median Age
40%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
5,665
Density / Sq Mi
$41,023
Median Household Income
$14,738
Median Earnings
$907
Median Rent
$119,800
Median Home Value

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?
Duplex - Two-unit property near Bradley University with off-street parking and convenient highway access.
Where is this duplex located?
The property is located at 1624 W Fredonia Ave Peoria, IL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Duplex with 2,108 square feet; Dedicated off‑street alley parking; Walking distance to Bradley University
More about this property
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