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19-Unit Apartment Package
New
For Sale
$1,150,000

2618 W WILLOWLAKE Drive, Peoria, IL 61614

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market2

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 14-07-330-013

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 211
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 211

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 #475124221
Added: Aug 27 Last Checked: Aug 28 at 8:06AM
MLS# PA1269662

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 offering comprises 19 condominium units within the same residential complex and is being sold as a single package. The unit mix includes 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. Buildings feature vinyl siding, shingle roofs, central air, forced-air electric heating, secure entry, updated hallways, and carport parking. The property was built in 1975 and is served by public water.

Located at 2618 W Willowlake Drive in Peoria, the complex sits just off Willow Knolls Road and Allen Road. The property includes a neighborhood park and private lake, with shopping and schools nearby. It is within the Dunlap School District and carries Residential zoning. HOA services include exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19 condos offered together as one package
  • Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit plus den
  • Central air in every unit with forced‑air electric heating

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

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Condo units feature central air, carports, secure entry, and association-managed exterior and common-area maintenance.
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 $1,150,000.
What are key features of this property?
This property features: 19 condos offered together as one package; Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit plus den; Central air in every unit with forced‑air electric heating
More about this property
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