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19-Unit Multifamily Package

2622 W WILLOWLAKE Drive, Peoria, IL 61614

For Sale
$60,527

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market76

Property Features for 2622 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 14-07-330-033

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 331
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 331

Utilities

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

Amenities

neighborhood park
private lake
carports
secure entry
updated hallways
central air in each unit

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# PA1269667

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.

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Investment Insights

Based on property information with market context.

This 19-unit condominium package is offered for sale only as a single transaction. The mix includes 16 one-bedroom units, one two-bedroom residence with two full baths, one two-bedroom residence with one bath, and one one-bedroom unit with a den. Built in 1975, the buildings feature maintenance-free vinyl siding, shingle roofs, electric forced-air heating, central air, secure entry, updated hallways, carports, and a recently seal-coated parking lot.

Located at 2622 W Willowlake Drive in Peoria, the property is just off Willow Knolls Road and Allen Road. The complex includes a neighborhood park and private lake and is within the Dunlap School District. Public water serves the property. HOA services include exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19‑unit condo package sold only as a single transaction
  • Unit mix includes 16 one‑bedroom units and three additional residences with varied layouts
  • Central air, electric forced‑air heating, vinyl siding, shingle roofs, and secure entry

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
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Market

Properties on Market for Multifamily properties in Peoria

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?
Multifamily property - Condominium residences offer varied bedroom layouts, central air, secure entry, carports, and updated common areas.
Where is this multifamily property located?
The property is located at 2622 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‑unit condo package sold only as a single transaction; Unit mix includes 16 one‑bedroom units and three additional residences with varied layouts; Central air, electric forced‑air heating, vinyl siding, shingle roofs, and secure entry
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