Search
19-Unit Apartment Building Package
For Sale
$60,527

2626 W Willowlake Dr, Peoria, IL 61614

Condominium portfolio in one complex with varied floor plans, covered parking, secure entry, and central air throughout.

Property Size641 SF
Price / SF$94.43
Days on Market13

Property Features for 2626 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

Additional Details

Gross Income $192,000

Amenities

neighborhood park
private lake
carports
secure entry
updated hallways
central air

Building Details

Year Built 1975
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge, Mark Monge
Source: Schaublerealty
Added: Sep 1 Changed: Sep 4 Last Checked: Sep 13 at 11:43AM

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.

Willow Way Condos offers a 19-unit condominium package within one complex, with all units conveyed together. The mix includes sixteen 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. Each residence has central air. The buildings feature vinyl siding, covered parking, secured entry, and refreshed common hallways, while the parking area has been recently seal coated. Constructed in 1975, the property provides a defined multifamily configuration with multiple floor plans.

The complex is positioned near Willow Knolls Road and Allen Road in Peoria. On-site and surrounding amenities identified for the property include a neighborhood park, private lake, shopping, schools, and the Dunlap School District. HOA services include exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19 condominium units offered together within one complex
  • Unit mix includes 16 one‑bedroom units plus three two‑bedroom units and one one‑bedroom unit with den
  • Central air in every unit

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Condominium portfolio in one complex with varied floor plans, covered parking, secure entry, and central air throughout.
Where is this apartment building located?
The property is located at 2626 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 within one complex; Unit mix includes 16 one‑bedroom units plus three two‑bedroom units and one one‑bedroom unit with den; Central air in every unit
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message