Backup offers
$760 Closing Credit¹
#PA1255894, Rocio Matthews, Listing office: Coldwell Banker Real Estate Group
$65,000 List price
2320 W Krause Ave Peoria, IL 61605
$772
Closing credit¹
3 beds
1 full, 1 partial
1,160 sqft
$56 / sqft
House
Property details
About 2320 W Krause Ave
Investor Opportunity – 18-Property Portfolio – Priced to Move Available now is a portfolio of 18 single-family homes, offered as a full package, in small groups, or individually. Ten properties are currently rented, generating over $8,000 in monthly income. The remaining eight homes are vacant and have recently undergone $160,000 in renovations, creating strong potential for increased rental income. Once fully leased and brought to market rent, the projected monthly income across the portfolio is well over $20,000. This is a unique opportunity to acquire performing assets with built-in upside—whether you're looking to purchase one property, a small group, or the entire portfolio.
Highlights
Home typeSingle Family Residence
HeatingOther
StatusActive
Size1,160 sqft
BasementYes
Year built1910
ParkingParking Garage
MLS #PA1258930
Garage1 space
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: No
- Parking: Parking Garage
- Architectural Style: Ranch
- Heating: Other
- List Price: $65,000
- Price/SqFt: $56
- Annual Tax Amount: $429
- Tax Year: 2023
- Lot: Level
- Directions: adams to krause
- Year Built: 1910
- Living Area: 1,160 SqFt
- MLS Number: PA1258930
- MLS Name: RMLSA
- Office Name: eXp Realty
- Listing Agent: Andrew Guadalajara
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$65,000
2320 W Krause Ave
$772
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 29, 2006 | Home Sold | $37,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $5,420 | $429 |
| 2022 | $4,120 | $397 |
| 2021 | $3,920 | $3,920 |
| 2020 | $3,880 | $388 |
| 2019 | $3,960 | $394 |
| 2018 | $4,190 | $408 |
| 2017 | $4,240 | $408 |
History based on county public records data.
Nearby schools
3
Whittier Primary School
Public District KG-4
2.1 mi
•1619 W Fredonia Ave
2
Lasalle Elementary School
Public District PK-4
2.1 mi
•300 N Highland St
1
Franklin Primary School
Public District KG-4
2.9 mi
•807 W Columbia Ter
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,931. Most Peoria, IL residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
80%
<35k
15%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
41%
Single, with Kids
10%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
27%
<11 yrs old
10%
12-17 yrs old
25%
18-34 yrs old
32%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
UFC
Pro Wrestling
Soccer
Where do the neighbors shop?
Family Dollar
Burlington
Forever 21
Where do the neighbors go to eat?
Burger King
Cicis Pizza
Dominos Pizza
What do the neighbors drive?
Buick
Pontiac
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2320 W Krause Ave
The listing price of 2320 W Krause Ave property is $65,000.
The property 2320 W Krause Ave is a house located in Peoria, Illinois, 61605.
Active Listing: 2320 W Krause Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2320 W Krause Ave are: Whittier Primary School (GreatSchools Rating 3/10), Lasalle Elementary School (GreatSchools Rating 2/10), Franklin Primary School (GreatSchools Rating 1/10), Annie Jo Gordon Community Learning Center (GreatSchools Rating 2/10), Trewyn School (GreatSchools Rating 1/10), Pleasant Hill Elementary School (GreatSchools Rating 3/10), Manual High School (GreatSchools Rating 1/10), Peoria High School (GreatSchools Rating 2/10), Limestone Community High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $429 (source: MLS/based on county public records data).
The last sale was on September 29, 2006 for $37,000 (source: MLS/tax record).
The property at 2320 W Krause Ave has 3 bedrooms and 1 full and 1 half bathrooms.
The property 2320 W Krause Ave is 1,160 SqFt (source: MLS/tax record).
The year of construction for 2320 W Krause Ave is 1910.
This home is located at 2320 W Krause Ave in Peoria, IL and zip code 61605 in the South Peoria neighborhood. This 1,160 square foot home was built in 1910. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 25, 2025 and is currently priced at $65,000.
In May 2025 more than 67 listings in Peoria, IL were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 76 were sold below. In May 2025 in Peoria, IL there were 6.4% less homes for sale than in April. In May 2025 median list price was $154,862 and the average listing age was 29 days.
From Rocket Homes Real Estate and based on county public records data.