219-Unit Multifamily
For Sale
Contact for pricing
501 West Washington Street, East Peoria, IL 61611
Contemporary residences include full-size laundry appliances, quartz counters, and access to shared indoor and outdoor amenities.
Property SizeContact for details
Days on Market8
Property Features for 501 West Washington Street
General Information
Standard status
Active
Class
Class A
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
219
Amenities
heated saltwater pool
rooftop sky lounge
fitness center
co-working spaces
resident lounge
pet spa
dog park
EV charging stations
structured parking
Building Details
Year Built
2025
Listing Agency:
Chicago - Downtown
Listed By:
Tyler Hague · License #IL: 471.009171; IN: PB21300474; WI: 57999-90
(312) 612-5936
Source:
Colliers
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 4 at 6:17AM
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 Chicago - Downtown
Investment Insights
Based on property information with market context.
Completed in 2025, this 219-unit, market-rate apartment community offers residences with quartz countertops, stainless steel appliances, high ceilings, and full-size washers and dryers. Shared amenities include a heated saltwater pool, rooftop sky lounge, fitness center, co-working areas, resident lounge, pet spa, dog park, EV charging stations, and structured parking.
The property is at 501 West Washington Street in East Peoria’s Levee District, with access to Interstate 74 and a drive of less than five minutes to Downtown Peoria. Restaurants, entertainment, hotels, retail destinations, and employment centers are among the surrounding uses. Nearby major employers named for the area include Caterpillar, OSF HealthCare, and Carle Health.
The property is at 501 West Washington Street in East Peoria’s Levee District, with access to Interstate 74 and a drive of less than five minutes to Downtown Peoria. Restaurants, entertainment, hotels, retail destinations, and employment centers are among the surrounding uses. Nearby major employers named for the area include Caterpillar, OSF HealthCare, and Carle Health.
Key Highlights
- 219 market‑rate apartments; completed in 2025
- Quartz countertops, stainless steel appliances, high ceilings, and full‑size washers and dryers
- Amenities include a heated saltwater pool, rooftop sky lounge, fitness center, co‑working spaces, and resident lounge
Property Analytics
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Current Use
Lease Details
219
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 61611, IL
23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Contemporary residences include full-size laundry appliances, quartz counters, and access to shared indoor and outdoor amenities.
Where is this apartment building located?
The property is located at 501 West Washington Street East Peoria, IL.
What are key features of this property?
This property features: 219 market‑rate apartments; completed in 2025; Quartz countertops, stainless steel appliances, high ceilings, and full‑size washers and dryers; Amenities include a heated saltwater pool, rooftop sky lounge, fitness center, co‑working spaces, and resident lounge
