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19-Unit Apartment Package
For Sale
$60,527

2618 W Willowlake Dr, Peoria, IL 61614

The offering includes a varied mix of one- and two-bedroom residences within a single condominium complex.

Property Size641 SF
Price / SF$94.43
Days on Market12

Property Features for 2618 W Willowlake Dr

General Information

Standard status Active
Size 641 SF
Property subtype Multi-Family

Units

Unit Mix 16 x 1BR, 1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 1BR+den
Multifamily Units 19

Amenities

neighborhood park
private lake

Building Details

Year Built 1975
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge, Mark Monge
Source: Schaublerealty
Added: Sep 2 Changed: Sep 4 Last Checked: Sep 13 at 3:55PM

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 Jim Maloof Realty, Inc.

Investment Insights

Based on property information with market context.

This 19-unit condominium package is offered exclusively as one sale and includes 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. The buildings were constructed in 1975 and feature maintenance-free vinyl siding, central air in every residence, secure entry, refreshed hallways, carports, and a recently seal-coated parking area.

Located at 2618 W Willowlake Dr. in Peoria, the complex is just off Willow Knolls Road and Allen Road. Property amenities include a neighborhood park and private lake, with shopping and schools nearby. The property is within the Dunlap School District.

The HOA fee includes exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water, providing a defined structure for shared property services.

Key Highlights

  • 19 condos sold together as one package only
  • Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit with a den
  • 1975 construction with maintenance‑free vinyl siding

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Building Supply Cafe & Coffee Shop Carpet & Flooring Store

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

19
Residential units

Location Intelligence

Trade Area within ½ mile

469
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

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?
Apartment building - The offering includes a varied mix of one- and two-bedroom residences within a single condominium complex.
Where is this apartment building located?
The property is located at 2618 W Willowlake Dr 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 condos sold together as one package only; Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit with a den; 1975 construction with maintenance‑free vinyl siding
More about this property
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