2826 NE Madison Ave Peoria, IL 61603
Property details
About 2826 NE Madison Ave
Your next investment opportunity awaits! This fully rented 4-unit, 2-story property offers strong cash flow potential with recent updates already completed. Each apartment features durable roll vinyl flooring and renovated bathrooms. Other improvements include new flooring throughout, roof repairs (2024), updated water heater (2024), and partial electrical upgrades. Tenants provide their own appliances and are responsible for all utilities, minimizing owner expenses. Whether you're looking to expand your portfolio or begin your real estate investment journey, this low-maintenance, income-producing property is a smart choice. Don’t miss out on this turnkey multi-family opportunity!
Highlights
Summary
- Basement: Yes
- Parking: Parking Pad
- Heating: Forced Air, Natural Gas, Hot Water
- List Price: $130,000
- Annual Tax Amount: $2,345
- Tax Year: 2023
- Lot: Level
- Directions: NE Adams St to NE Madison Ave
- Year Built: 1930
- Lot Size: 0.13 Acres
- MLS Number: PA1257828
- MLS Name: RMLSA
- Office Name: Jim Maloof Realty, Inc.
- Listing Agent: Ryan Blackorby
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.
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: 5/29/2025, 4:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$130,000
2826 NE Madison Ave
$1,544
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 16, 2023 | Home Sold | $101,000 |
| Jun 22, 2016 | Home Sold | $40,000 |
| Oct 16, 2003 | Home Sold | $18,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $24,930 | $2,345 |
| 2022 | $16,370 | $1,579 |
| 2021 | $15,590 | $15,590 |
History based on county public records data.
Nearby schools
1
Franklin Primary School
Public District KG-4
2.4 mi
•807 W Columbia Ter
5
P L Bolin Elementary School
Public District 3-5
2.5 mi
•428 Arnold Rd
2
Dr. C.T. Vivian Primary School
Public District KG-4
2.6 mi
•918 W Florence Ave
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 $27,286. The majority of Peoria, IL residents have income less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Family Dollar
Big Lots
Where do the neighbors go to eat?
Church's Chicken
White Castle
Golden Corral
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Urban Adult Contemporary
Rock
Adult Standards
This home is located at 2826 NE Madison Ave in Peoria, IL and zip code 61603 in the North Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 12, 2025 and is currently priced at $130,000.
In April 2025 more than 52 listings in Peoria, IL were sold above the asking price. During the same period more than 31 listings were sold at asking price, while more than 73 were sold below. The number of homes for sale in Peoria, IL increased by 1.4% between March and April 2025. In April 2025, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $154,855.