Peoria, IL Multifamily Properties for Sale

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East Peoria, IL Bartonville, IL Creve Coeur, IL

11 properties

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Updated: Jun 18

Two-Unit Residential Income Duplex

609 W ARMSTRONG Avenue, Peoria, IL 61606

$119,900

0.14 AC lot

2,246 sq. ft. multi‑family with two units; each unit has 2 bedrooms and 1 full bath
Both units are currently tenant occupied with long‑time tenants
Heating: forced air, natural gas
Roof: shingle; exterior includes aluminum siding and partial brick
Year built: 1900

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Updated: Nov 13, 2025

Two-Story Duplex with Detached Garage

1620 W FREDONIA Avenue, Peoria, IL 61606

$155,000

0.15 AC lot

Two‑story duplex at 1620 W Fredonia Ave with 6 bedrooms and 2 bathrooms
Approx. 1,648 SF total living space
Full basement for added storage plus a detached garage
Built in 1924; brick partial and vinyl siding exterior with shingle roof
Heating includes electric (heating), radiant, baseboard, natural gas, and hot water

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Duplex with Two 2BR Units

1823-1825 N LINN Street, Peoria, IL 61604

$75,000

0.21 AC lot

Own a two-unit duplex with two 2-bedroom, 1-bath apartments and multiple recent system updates.

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Up/Down Duplex with Shared Basement

1617 NE MONROE Street, Peoria, IL 61603

$84,000

0.17 AC lot

Up/down duplex with two porches per unit, shared basement laundry hookups, and paved parking plus on-street space.

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Two-Unit Residential Income Property

109 E GIFT Avenue, Peoria, IL 61603

Contact for pricing

0.10 AC lot

Two-unit multi-family home with a detached garage and partially finished basement, offered as-is for investor or owner-occupant renovation.

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Charming Peoria Duplex For Sale

1103 W NEBRASKA Avenue, Peoria, IL 61604

$105,000

0.20 AC lot

Charming, fully occupied Peoria duplex with convenient interstate access.

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Duplex Income Property

805 NE MADISON Avenue, Peoria, IL 61603

$32,900

0.12 AC lot

For sale duplex in Peoria, IL, offering a residential income setup on a small lot.

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Peoria Multifamily Investment Opportunity

1714 N LINN Street, Peoria, IL 61604

$45,000

0.15 AC lot

Multifamily property in Peoria, Illinois, with investment and value-add potential.

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Loft Apartment Portfolio with Rooftop Deck

311 Sw Water Street Unit #3 & 4, Peoria, IL 61602

$3,500,000

Own 23 loft apartments across the 3rd and 4th floors with a usable rooftop deck and available air rights.

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Luxury Lofts in Waterfront Place

311 Southwest Water Street, Peoria, IL 61602

$3,500,000

20,038 sqft

Premier residential portfolio in Peoria's vibrant Warehouse District.

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Townhouse Duplex Investment Opportunity

705-707 W VERSAILLES Drive, Peoria, IL 61614

$350,000

Well-maintained duplex, ideal for investors seeking consistent revenue.

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Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 11 Active listings in Peoria, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

East Peoria Mixed-Use Investment

220 & 222 MEADOW Avenue, East Peoria, IL 61611

$280,000

Mixed-use property with residential and commercial income potential.

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East Peoria Multi-Use Property

1101 E Washington St, East Peoria, IL

$349,900

10,894 sqft · 0.68 AC lot

Multi-unit property with retail, gym, apartment, and storage.

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Pekin Commercial Building with Apartments

101 N PARKWAY Drive, Pekin, IL 61554

$494,900

Versatile commercial building with apartments in Pekin, Illinois.

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Pekin Medical Office with Apartments

101 N Parkway Drive, Pekin, IL 61554

$494,900

7,653 sqft

7653 SF B3 Zoned building with multiple uses.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Off-Market Properties in Peoria, IL

Consider similar Off-Market properties in Peoria, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

315-317 Main St, Peoria, IL 61602

Value Estimation by Request

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Multifamily properties

1120 Corrington Ave, Peoria, IL 61603

Value Estimation by Request

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Multifamily properties

1609 Barker Ave, Peoria, IL 61606

Value Estimation by Request

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Multifamily properties

3442 Villa Rdg, Peoria, IL 61604

Value Estimation by Request

8,460 sqft · 3.94 AC lot

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Multifamily properties

1001 Moss Ave, Peoria, IL 61606-0000

Value Estimation by Request

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Multifamily properties

403 Corrington Ave, Peoria, IL 61603

Value Estimation by Request

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Multifamily properties

123 Jefferson Ave, Peoria, IL 61602

Value Estimation by Request

1 sqft

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Multifamily properties

2221 Willow Knolls Dr, Peoria, IL 61614

Value Estimation by Request

52,806 sqft · 3.33 AC lot

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Multifamily properties

2901 Cannes Dr, Peoria, IL 61615

Value Estimation by Request

5.66 AC lot

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Peoria, IL Multifamily Properties Market Trends and Statistics

Explore 20 multifamily properties for sale in Peoria, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 20,038 square feet of properties for sale, with an estimated market value of $3,500,000.

Sale prices for multifamily properties in Peoria, IL start at $3,500,000, averaging $3,500,000, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 161K

Population Growth (5Y) -4.8%

Median Household Income $60,369

College Educated 13.0%

High-Yield Neighborhoods for Investment

Identify Peoria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61603	$39K
61604	$75K
61606	$137.5K
61614	$350K
61602	$3.5M

Taxes & Financing

Tax Rate (average for all types) 9.17%

Property Tax per SF $24.08 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Peoria County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Peoria fall within the 100,000+ square foot range.

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Peoria, IL Multifamily Properties for Sale

609 W ARMSTRONG Avenue, Peoria, IL 61606

1620 W FREDONIA Avenue, Peoria, IL 61606

1823-1825 N LINN Street, Peoria, IL 61604

1617 NE MONROE Street, Peoria, IL 61603

109 E GIFT Avenue, Peoria, IL 61603

1103 W NEBRASKA Avenue, Peoria, IL 61604

805 NE MADISON Avenue, Peoria, IL 61603

1714 N LINN Street, Peoria, IL 61604

311 Sw Water Street Unit #3 & 4, Peoria, IL 61602

311 Southwest Water Street, Peoria, IL 61602

705-707 W VERSAILLES Drive, Peoria, IL 61614

Opportunities in Nearby Cities

220 & 222 MEADOW Avenue, East Peoria, IL 61611

1101 E Washington St, East Peoria, IL

101 N PARKWAY Drive, Pekin, IL 61554

101 N Parkway Drive, Pekin, IL 61554

Potential Development Sites for Consideration

976 Mesa Court, University Park, IL 60484

17039 Hillside Lane, Jerseyville, IL 62052

4418 Oakland Court, Wheatfield, IN 46392

27 Oyster Bay, Lakemoor, IL 60051

Off-Market Properties in Peoria, IL

315-317 Main St, Peoria, IL 61602

1120 Corrington Ave, Peoria, IL 61603

1609 Barker Ave, Peoria, IL 61606

3442 Villa Rdg, Peoria, IL 61604

1001 Moss Ave, Peoria, IL 61606-0000

403 Corrington Ave, Peoria, IL 61603

123 Jefferson Ave, Peoria, IL 61602

2221 Willow Knolls Dr, Peoria, IL 61614

2901 Cannes Dr, Peoria, IL 61615

Peoria, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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