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19-Unit Condominium Apartment Package
New
For Sale
$60,527

2630 W Willowlake Dr, Peoria, IL 61614

The package includes one- and two-bedroom residences, secure entry, and central air conditioning in every unit.

Property Size641 SF
Price / SF$94.43
Days on Market5

Property Features for 2630 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
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 9 Changed: Sep 11 Last Checked: Sep 13 at 11:47AM

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 consists of 19 condominium residences within the same complex and is available only as a single package. The unit mix includes 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. Each residence has central air conditioning, while the property also features carports, secure entry, updated hallways, vinyl siding, and a recently seal-coated parking lot. The buildings were constructed in 1975.

Located at 2630 W Willowlake Dr. in Peoria, the complex is near Willow Knolls Rd. and Allen Rd. Community features include a neighborhood park and private lake, with shopping and schools nearby. The HOA covers exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water.

Key Highlights

  • 19 condominium units offered together as one package
  • Unit mix includes 16 one‑bedroom units, one two‑bedroom/two‑bath unit, one two‑bedroom/one‑bath unit, and one one‑bedroom unit with a den
  • Central air conditioning in each 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
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Frequently Asked Questions

What type of property is this?
Apartment building - The package includes one- and two-bedroom residences, secure entry, and central air conditioning in every unit.
Where is this apartment building located?
The property is located at 2630 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 units, one two‑bedroom/two‑bath unit, one two‑bedroom/one‑bath unit, and one one‑bedroom unit with a den; Central air conditioning in each unit
More about this property
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