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Top-and-Bottom Duplex
For Sale
$125,000

506 Caroline Street, Peoria, IL 61603

Main-level occupancy is in place, while the upper residence is ready for move-in.

Property Size2,106 SF
Days on Market29

Property Features for 506 Caroline Street

General Information

Standard status Active
Size 2,106 SF
Total Parking Spaces 4
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $1,829

Building Details

Building Size 2,106 SF
Year Built 1915
Buildings 1
Stories 2
Units 2
Tenancy Multi
Listing Agency: Keller Williams Premier Realty
Listed By: Zachary Oyler · License #475172173
Source: Craggsrealtors
Added: Jul 24 Changed: Aug 10 Last Checked: Aug 20 at 1:33PM

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 Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This two-residence property features a vertically arranged layout, with an occupied main-floor unit and a second-floor residence prepared for immediate move-in. The building was constructed in 1915 and offers an existing duplex configuration for residential income use.

Located at 506 Caroline Street in Peoria, Illinois, the property combines established construction with one occupied unit and one available residence.

Key Highlights

  • Top‑and‑bottom duplex configuration
  • Main‑floor unit currently has a tenant
  • Second‑floor residence is move‑in ready

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Skin Care Clinic (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby

Demographics for 61603, IL

15,503
Population
8,291
Households
1.9
Avg Household Size
33
Median Age
15%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
3,691
Density / Sq Mi
$40,405
Median Household Income
$29,084
Median Earnings
$976
Median Rent
$73,100
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 - Main-level occupancy is in place, while the upper residence is ready for move-in.
Where is this duplex located?
The property is located at 506 Caroline Street Peoria, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Top‑and‑bottom duplex configuration; Main‑floor unit currently has a tenant; Second‑floor residence is move‑in ready
More about this property
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