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Three-Duplex Multifamily Property
For Sale
$109,900
Pending

3314-3316 W SYLVAN Lane, Peoria, IL 61615

MULTI_FAMILY - Peoria, IL

Lot Size0.33 Acres
Days on Market9

Property Features for 3314-3316 W SYLVAN Lane

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking 4
Subdivision Golden Acres
Lot features Level
Middle school Sterling
High school Richwoods
Directions Big Hollow - R on Farelly, L on Sylvan
Standard status Pending
APN 13-24-476-018
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description GOLDEN ACRES SE 1/4 SEC 24-9-7E LOT 17 BLK 13
Tax Annual Amount 3824
Legal Description GOLDEN ACRES SE 1/4 SEC 24-9-7E LOT 17 BLK 13

Utilities

Heating system Baseboard, Electric (Heating), Other (Heating), Heat Pump (Heating)
Water source Public

Building Details

Year built 1973
Number of units 2
Building materials Brick
Roof type Shingle
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Cindy Shu
Added: Jul 22 Changed: Jul 28 Last Checked: Jul 30 at 8:06PM
MLS# PA1268593

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.

The property consists of three duplex buildings, for a total of six residential units. Each unit is configured as a 2-bedroom, 1-bath layout, with two units per building. The buildings are described as separate listings: 3310-3312, 3314-3316, and 3318-3320 W Sylvan Lane.

Public remarks note the property is located behind Westlake Shopping Center, with convenient access to nearby shopping, dining, entertainment, and major employers. The offering is also described as being minutes from OSF HealthCare, Carle Health, and Bradley University.

Recent improvements are noted in the form of energy-efficient cooling systems installed approximately three years ago, supporting day-to-day operational efficiency for the multi-unit residences.

Key Highlights

  • Three duplex buildings totaling 6 residential units (2 units per building)
  • All units are 2‑bedroom, 1‑bath apartments
  • Located behind Westlake Shopping Center with easy access to Interstate 74

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store HVAC Service Gym & Fitness Center Building Supply

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

6
Residential units
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby

Demographics for 61615, IL

24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
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
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Frequently Asked Questions

What type of property is this?
Duplex - Three duplex buildings totaling six 2-bedroom, 1-bath units with cooling systems installed about three years ago.
Where is this duplex located?
The property is located at 3314-3316 W SYLVAN Lane Peoria, IL.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Three duplex buildings totaling 6 residential units (2 units per building); All units are 2‑bedroom, 1‑bath apartments; Located behind Westlake Shopping Center with easy access to Interstate 74
More about this property
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