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

2632 W Willowlake Dr, Peoria, IL 61614

Condominium package with varied unit layouts, private lake access, carports, and central air throughout.

Property Size938 SF
Price / SF$64.53
Days on Market5

Property Features for 2632 W Willowlake Dr

General Information

Standard status Active
Size 938 SF
Property subtype Multi-Family

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 16 x 1 bedroom, 1 x 2 bedroom/2 full baths, 1 x 2 bedroom/1 bath, 1 x 1 bedroom plus den
Multifamily Units 19

Amenities

neighborhood park
private lake
Dunlap School district
nearby shopping-schools-etc
secure entry
updated hallways
central air in each unit

Building Details

Year Built 1975
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Brian Monge, Mark Monge
Source: Schaublerealty
Added: Sep 9 Last Checked: Sep 13 at 11:54AM

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, sold together as one package. The unit mix comprises 16 one-bedroom residences, 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, carports, a recently seal-coated parking area, secure entry, refreshed hallways, and central air in every unit.

Willow Way Condos is located at 2632 W Willowlake Dr in Peoria, with access from the area around Willow Knolls Rd. and Allen Rd. Property amenities include a neighborhood park and private lake. The complex is within the Dunlap School district and near shopping and schools.

The HOA covers exterior maintenance, building insurance, hallway maintenance, sewer, water, and hot water. All 19 units are offered together.

Key Highlights

  • 19 condominium units offered as one package
  • Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit with a den
  • Central air in each unit with secure entry and updated hallways

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
Yes
Utilities to site

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 - Condominium package with varied unit layouts, private lake access, carports, and central air throughout.
Where is this apartment building located?
The property is located at 2632 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 as one package; Unit mix includes 16 one‑bedroom units, two two‑bedroom units, and one one‑bedroom unit with a den; Central air in each unit with secure entry and updated hallways
More about this property
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