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19-Unit Condo Package
For Sale
$60,527

2622 W Willowlake Dr, Peoria, IL 61614

Package sale of well-maintained condominium apartments with varied floor plans, secured entry, carports, and central air.

Property Size641 SF
Price / SF$94.43
Days on Market8

Property Features for 2622 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
secure entry
central air
carports

Building Details

Year Built 1975
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge, Mark Monge
Source: Schaublerealty
Added: Sep 6 Changed: Sep 9 Last Checked: Sep 13 at 11:58AM

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 offering includes 19 condominium units within the same complex, available only as a package. The unit mix consists of 16 one-bedroom apartments, one two-bedroom unit with two full baths, one two-bedroom unit with one bath, and one one-bedroom unit with a den. Built in 1975, the buildings feature vinyl siding, updated hallways, secured entry, central air in every unit, carports, and a recently seal-coated parking lot.

The complex is situated near Willow Knolls Road and Allen Road in Peoria, with access to a neighborhood park, private lake, shopping, and schools. The property is within the Dunlap School District. HOA services include exterior maintenance, building insurance, hallway upkeep, sewer, water, and hot water. All 19 units must be purchased together.

Key Highlights

  • 19 condominium units offered together as one package
  • Unit mix includes 16 one‑bedroom apartments and three additional varied layouts
  • Central air conditioning in every unit with secured building entry

Property Analytics

Current Use

Hands Free Temperature ... Department Store

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 - Package sale of well-maintained condominium apartments with varied floor plans, secured entry, carports, and central air.
Where is this apartment building located?
The property is located at 2622 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 condominium units offered together as one package; Unit mix includes 16 one‑bedroom apartments and three additional varied layouts; Central air conditioning in every unit with secured building entry
More about this property
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