Duplex Income
For Sale
$32,900
805 NE MADISON Avenue, Peoria, IL 61603
MULTI_FAMILY - Peoria, IL
Lot Size0.12 Acres
Days on Market102
Property Features for 805 NE MADISON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking
2
Basement
Partial, Unfinished
Subdivision
Morton Voris & Laveille
Lot features
Level
High school
Peoria High
Directions
IL 29S TO MADISON AVE.
Standard status
Active
APN
18-03-307-015
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MORTON VORIS & LAVEILLE'S ADD SW 1/4 SEC 3-8-8E NE 1/2 LOT 2 BLK 61 (84-15147)
Tax Annual Amount
1263
Legal Description
MORTON VORIS & LAVEILLE'S ADD SW 1/4 SEC 3-8-8E NE 1/2 LOT 2 BLK 61 (84-15147)
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Asbestos
Roof type
Shingle
Listing Agency:
Adam Merrick Real Estate
(309) 282-1000
Listed By:
Adam Merrick · License #471018071
(309) 678-3734
Added: Apr 20
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# PA1265762
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.
This for-sale duplex is classified as a residential income property and multifamily asset, configured as two separate dwelling units within one building. The listed lot area is 0.12 acres, providing a compact site for an income-oriented residential property.
The property is located at 805 NE Madison Avenue in Peoria, Illinois 61603, in Peoria County. Its address offers straightforward local access for touring and for anyone seeking an in-town residential investment opportunity.
As a duplex, the building may appeal to investors looking for a two-unit residential income structure rather than a single-family setup. It can also be relevant for buyers who want to own a small multifamily property in Peoria and manage it as an income-producing asset, depending on their underwriting and operating plan.
The property is located at 805 NE Madison Avenue in Peoria, Illinois 61603, in Peoria County. Its address offers straightforward local access for touring and for anyone seeking an in-town residential investment opportunity.
As a duplex, the building may appeal to investors looking for a two-unit residential income structure rather than a single-family setup. It can also be relevant for buyers who want to own a small multifamily property in Peoria and manage it as an income-producing asset, depending on their underwriting and operating plan.
Key Highlights
- Built in 1900
- Heating includes forced air with natural gas
- Public water source
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,661
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex in Peoria, IL, offering a residential income setup on a small lot.
Where is this duplex located?
The property is located at 805 NE MADISON Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $32,900.
What are key features of this property?
This property features: Built in 1900; Heating includes forced air with natural gas; Public water source
