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19-Unit Apartment Portfolio

2608-2632 W WILLOWLAKE Drive, Peoria, IL 61614

For Sale
$1,150,000

Commercial Sale, Peoria, IL

Property SizeContact for details
Days on Market53

Property Features for 2608-2632 W WILLOWLAKE Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning R
Parking 19
Directions Willow Knolls Rd. to Willowlake Dr.
Standard status Active
APN 14-07-330-001

Taxes and HOA fees

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

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Forced Air
Cooling system Central Air

Amenities

neighborhood park
private lake
secure entry
central air

Building Details

Year built 1975
Floors in Building 2
Number of units 19
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge · License #475124221
Added: Sep 18 Changed: Oct 7 Last Checked: Nov 9 at 5:06AM
MLS# PA1270299

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.

Rey
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Investment Insights

Based on property information with market context.

This offering includes 19 condominium units within the same complex, sold together as one package. The unit mix consists of 16 one-bedroom units, one two-bedroom unit with two full baths, one two-bedroom unit with one bath, and one one-bedroom unit with a den. Buildings feature maintenance-free vinyl siding, secure entry, updated hallways, composition roofs, and central air in each residence. Carports and a recently seal-coated parking area serve the property. Constructed in 1975, the buildings use electric forced-air heating and connect to public sewer. The property is zoned R and is located near Willow Knolls Road and Allen Road in Peoria, Illinois. The HOA covers exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19 condominium units offered together in one package
  • Unit mix includes 16 one‑bedroom units, one two‑bedroom/two‑bath unit, one two‑bedroom/one‑bath unit, and one one‑bedroom unit with den
  • Constructed in 1975 with maintenance‑free vinyl siding

Property Analytics

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Lease Details

19
Residential units
Yes
Utilities to site

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
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Market

Properties on Market for Apartment buildings in Peoria County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Condominium package with updated common areas, carports, secure entry, and central air.
Where is this apartment building located?
The property is located at 2608-2632 W WILLOWLAKE Drive Peoria, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 19 condominium units offered together in one package; Unit mix includes 16 one‑bedroom units, one two‑bedroom/two‑bath unit, one two‑bedroom/one‑bath unit, and one one‑bedroom unit with den; Constructed in 1975 with maintenance‑free vinyl siding
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