3409 Meadow Ave East Peoria, IL 61611
Property profile & analytics
3409 Meadow Ave East Peoria, IL 61611
- Residential income homes
- 6,000 SF
- 0.70 lot acres
Property ID
US28-1053461
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 3409 Meadow Ave
- Year built
- 1950
- Lot size
- 0.70 lot acres
- Property size
- 6,000 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 05-05-12-204-008
- APU
- 50512204008
Description
This exceptional East Peoria, IL property at 3409 Meadow Avenue presents a unique investment opportunity. Built in 1950, this multi-use building boasts a blend of commercial and residential spaces, offering significant income potential. Currently, the main floor comprises three separate commercial units, while the second floor houses four recently renovated apartments (2022/2023). The property generates a gross annual income of $48,500. Recent improvements include a new roof (2024), a boiler pump replacement (2019), and two new water heaters (2017). An expanded rear parking lot enhances convenience. The building also features a garage with a 10-foot door, ideal for various uses. The main floor offers the potential to be converted into one large commercial space, maximizing rental income. Located in Tazewell County, IL, zip code 61611, this property is conveniently situated minutes from Morton, providing easy access to major transportation routes. This is a prime opportunity for investors seeking a strong return on investment with significant upside potential. The asking price is $349,900. This property is classified as Land, Office, and Industrial.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- East Peoria
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.4998
- Latitude
- 40.638
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,685
$26,110
$53,450
$79,560
-
$78,330
$160,350
$238,680
