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

2626 W WILLOWLAKE Drive, Peoria, IL 61614

Residential Income, Peoria, IL

Property SizeContact for details
Days on Market2

Property Features for 2626 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 14-07-330-040

Taxes and HOA fees

Tax Year 2025
Tax Description Willow Way Condos Unit 414
Tax Annual Amount 26848
Legal Description Willow Way Condos Unit 414

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# PA1269670

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 19-condominium package brings together 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 vinyl siding, shingle roofs, forced-air electric heating, central air in each residence, carports, and a recently seal-coated parking area. Secure entry and updated hallway finishes add to the common-area improvements. All units are being offered together rather than individually.

The complex is located at 2626 W Willowlake Drive in Peoria, near Willow Knolls Road and Allen Road. A private lake, neighborhood park, public water service, and proximity to shopping and schools are among the surrounding property features. The development is within the Dunlap School District. The HOA fee includes exterior maintenance, building insurance, hallway upkeep, sewer, water, and hot water.

Key Highlights

  • 19 condos offered as one package
  • Unit mix includes 16 one‑bedroom units, plus three two‑bedroom units and one one‑bedroom unit with a den
  • Residential zoning in Peoria, IL

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
Yes
Paved road access

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 - Residentially zoned condominium package with central air, carports, and secure building entry.
Where is this apartment building located?
The property is located at 2626 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 as one package; Unit mix includes 16 one‑bedroom units, plus three two‑bedroom units and one one‑bedroom unit with a den; Residential zoning in Peoria, IL
More about this property
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