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Campus-Area Duplex with Alley Parking
For Sale
$145,000

1624 W FREDONIA Avenue, Peoria, IL 61606

Residential Income, Peoria, IL

Property SizeContact for details
Lot Size0.15 Acres
Days on Market22

Property Features for 1624 W FREDONIA Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1
Parking 2
Basement Unfinished
Subdivision Callender & Ayres
Lot features Level
Elementary school Whittier
Middle school Harold B Dawson Middle School
High school Manual
Directions University to Fredonia Ave
Standard status Active
APN 18-08-106-004
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CALLENDER & AYRES ADD NW 1/4 SEC 8-8-8E LOT 8 BLK 6
Tax Annual Amount 3589
Legal Description CALLENDER & AYRES ADD NW 1/4 SEC 8-8-8E LOT 8 BLK 6

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1891
Number of units 2
Building materials Aluminum Siding, Wood Siding
Roof type Composition
Listing Agency: Adam Merrick Real Estate
Listed By: Adam Merrick · License #471018071
Added: Jul 30 Changed: Aug 19 Last Checked: Aug 20 at 9:06PM
MLS# PA1268840

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 duplex at 1624 W Fredonia Avenue includes five bedrooms and two bathrooms across a 0.15-acre lot. The property was built in 1891 and features aluminum and wood siding, a composition roof, forced-air natural gas heat, central air, and public water service.

Located in Peoria near Bradley University, the property is within walking distance of campus, campus-related activity, and local coffee shops. Off-street alley parking serves the property, while nearby highway access connects the area with broader commuting routes. Its residential layout and campus-area setting support use as a two-unit rental property.

Key Highlights

  • Duplex on a 0.15‑acre lot
  • Five bedrooms and two bathrooms
  • Off‑street alley parking

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with off-street alley parking near Bradley University.
Where is this duplex located?
The property is located at 1624 W FREDONIA Avenue 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 on a 0.15‑acre lot; Five bedrooms and two bathrooms; Off‑street alley parking
More about this property
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