Peoria, IL Multifamily Properties for Sale

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East Peoria, IL Bartonville, IL West Peoria, IL Creve Coeur, IL Peoria Heights, IL Spring Bay, IL Washington, IL Pekin, IL

41 properties

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Updated: Jul 4

All-Brick Duplex with Sunroom Entries

820 W TETON Drive, Peoria, IL 61614

$230,000

0.23 AC lot

0.23‑acre lot with all‑brick duplex construction built in 1965
Sunroom entrance for both units with two bedrooms and one bathroom each
Full basement with shared garage entrance, private storage areas, and laundry
2‑stall garage parking plus on‑street and guest parking options
Adjacent to the Rock Island Trail with walking and biking access from the front door

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Updated: Aug 4

Brick Duplex with Alley Parking

1411 W MAIN Street, Peoria, IL 61606

$145,000

0.12 AC lot

Duplex on a 0.12‑acre parcel
Four bedrooms and four bathrooms
Built in 1904
Off‑street parking via alley access
Within walking distance of Bradley University

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Duplex with Off-Street Alley Parking

1420 W BARKER Avenue, Peoria, IL 61606

$145,000

0.10 AC lot

Duplex on a 0.1-acre lot with central air, forced-air heating, and off-street alley parking near Bradley University.

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Triplex with Varied Unit Mix

1003 NE MONROE Street, Peoria, IL 61603

$114,900

2,220 sqft

Three-unit residential property with one- and three-bedroom layouts, forced-air heating, and separate tenant-paid gas and electric.

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Campus-Area Duplex with Alley Parking

1624 W FREDONIA Avenue, Peoria, IL 61606

$145,000

0.15 AC lot

Two-unit residential property with off-street alley parking near Bradley University.

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Two-Unit Duplex Investment

609 W ARMSTRONG Avenue, Peoria, IL 61606

$109,900

0.14 AC lot

Tenant-occupied two-unit duplex with natural gas forced-air heat and shingle roof.

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Three Duplex Buildings With Cooling

3318-3320 W SYLVAN Lane, Peoria, IL 61615

$109,900

0.35 AC lot

Three duplex buildings totaling six two-bedroom, one-bath units, with energy-efficient cooling systems installed about three years ago.

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Multi-Family Asset with Eight Units

2613 W WARDCLIFFE Drive, Peoria, IL 61604

$539,900

0.33 AC lot

Eight-unit multi-family property featuring two-bedroom apartments.

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Three-Duplex Income Property

3314-3316 W SYLVAN Lane, Peoria, IL 61615

$109,900

0.33 AC lot

Three duplex buildings totaling six two-bedroom, one-bath units with brick construction and cooling systems installed about three years ago.

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Updated Duplex with Full Basement

1115-1117 N ELMWOOD Avenue, Peoria, IL 61604

$164,900

0.13 AC lot

Two residential units feature separate entrances, individual utilities, and access to basement storage and laundry facilities.

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Mixed-Use Retail and Apartments

635-641 W Main St, Peoria, IL 61606

Contact for pricing

7,369 sqft

Multi-use building with ground-floor retail income, billboard income, and three occupied second-floor apartments.

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Wood-Sided Quadplex

603 E FRYE Avenue, Peoria, IL 61603

$45,000

0.30 AC lot

Built in 1914, the property includes natural-gas forced-air heating and public water service.

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Two-Unit Up/Down Duplex

1823-1825 N LINN Street, Peoria, IL 61604

$75,000

0.21 AC lot

Two separate apartments offer owner-occupancy flexibility and rental-income potential near everyday services and transportation routes.

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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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Two-Unit Duplex with Garage

1813 N INDIANA Avenue, Peoria, IL 61603

$78,900

0.07 AC lot

Fully rented duplex with separate gas and electric meters, a basement, and a one-car garage serving the smaller residence.

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Up-and-Down Duplex with Porches

1617 NE MONROE Street, Peoria, IL 61603

$84,000

0.17 AC lot

Two-level residential income property with separate units, shared basement laundry hookups, and a mix of occupied and vacant space.

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Historic Mixed-Use Property

701 Main Street, Peoria, IL 61602

$3,100,000

Renovated landmark combines apartments with ground-floor retail space.

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Brick Ranch Duplex

2604-2606 W WARDCLIFFE Drive, Peoria, IL 61604

$169,990

Two tenant-occupied ranch units with 2 bedrooms and 1 full bath each, plus central air and natural gas heat.

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Renovated Triplex Investment Property

1611 West Barker Avenue, Peoria, IL 61606

$294,000

Completely renovated triplex with two currently leased units and updated systems, kitchens, and bathrooms.

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Mixed-Use Restaurant Building

1219 W MAIN Street, Peoria, IL 61606

$350,000

Commercial building configured with a main-level restaurant and two upstairs apartments, offering additional space for expansion.

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Duplex With Alley Parking

1420 W Barker Avenue, Peoria, IL 61606

$145,000

Campus-area housing includes convenient off-street parking accessed from the alley.

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Duplex with Two Bathrooms

805 NE MADISON Avenue, Peoria, IL 61603

Contact for pricing

0.12 AC lot

The property includes two bedrooms, natural-gas forced-air heating, and public water service.

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Duplex with Alley Parking

1624 W Fredonia Avenue, Peoria, IL 61606

$145,000

Campus-area rental property with off-street parking and convenient highway access.

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Two-Bedroom Duplex

1714 N LINN Street, Peoria, IL 61604

$34,900

0.15 AC lot

Residential income property with two bedrooms, two bathrooms, natural-gas forced-air heat, and public water service.

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Peoria, IL Multifamily Properties Market Trends and Statistics

Explore 50 multifamily properties for sale in Peoria, IL, showcased through 41 active listings on our real estate platform. These investment opportunities span a total of 43,993 square feet of properties for sale, with an estimated market value of $8,733,990.

Sale prices for multifamily properties in Peoria, IL start at $34,900, averaging $281,741, and reaching up to $3,100,000 — 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
61615	$109.9K
61604	$193K
61606	$210.5K
61603	$254.2K
61614	$282K

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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