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19-Unit Apartment Package

2618 W WILLOWLAKE Drive, Peoria, IL 61614

For Sale
$60,527

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market76

Property Features for 2618 W WILLOWLAKE Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1
Parking 19
Parking features Carport
Interior features Cable Available
Subdivision Willow Way
Lot features Level
Elementary school Ridgeview
Middle school Dunlap Valley Middle School
High school Dunlap
Directions Willow Knolls Rd. to Willowlake Dr.
Standard status Active
APN 14-07-330-016

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 214
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 214

Utilities

Heating system Forced Air, Electric (Heating)
Cooling system Central Air
Water source Public

Amenities

neighborhood park
private lake
carports
secure entry
central air

Building Details

Year built 1975
Number of units 19
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge · License IL #475124221
Added: Aug 27 Changed: Oct 23 Last Checked: Nov 10 at 5:06PM
MLS# PA1269663

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 residential complex and is available only as a package. The unit mix comprises 16 one-bedroom residences, one two-bedroom unit with two full baths, one two-bedroom unit with one bath, and one one-bedroom unit with a den. Property improvements include vinyl siding, shingle roofs, carports, a recently seal-coated parking area, secure building entry, and refreshed hallways. Each unit has central air conditioning, while heating is provided by electric forced-air systems.

The property is located at 2618 W Willowlake Drive in Peoria, near Willow Knolls Road and Allen Road. Residents have access to a neighborhood park and private lake, with shopping and schools nearby. The property is within the Dunlap School district and uses public water. The HOA covers exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19 condominium units offered together as one package
  • Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit with a den
  • Carports, secure entry, vinyl siding, and a recently seal‑coated parking area

Property Analytics

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Lease Details

19
Residential units

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 - Residential income property with carports, controlled entry, updated common areas, and central air conditioning.
Where is this apartment building located?
The property is located at 2618 W WILLOWLAKE Drive Peoria, IL.
What is the asking price?
The asking price for this property is $60,527.
What are key features of this property?
This property features: 19 condominium units offered together as one package; Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit with a den; Carports, secure entry, vinyl siding, and a recently seal‑coated parking area
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