#PA1253881, Rocio Matthews, Listing office: Coldwell Banker Real Estate Group
Property details
About 506 Spring St
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
Size1,819 sqft
Year built1930
ParkingOther
MLS #PA1259109
Summary
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 6
- Parking: Other
- Architectural Style: Other
- Heating: Other
- List Price: $75,000
- Price/SqFt: $41
- Annual Tax Amount: $974
- Tax Year: 2023
- Lot: Other
- Directions: SPRING STREET
- Year Built: 1930
- Living Area: 1,819 SqFt
- MLS Number: PA1259109
- 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: 7/6/2025, 11:35:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 14, 2021 | Home Sold | $22,000 |
| Feb 01, 2018 | Home Sold | $120,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $10,360 | $974 |
| 2022 | $9,910 | $955 |
| 2021 | $9,430 | $9,430 |
| 2020 | $9,330 | $934 |
| 2019 | $9,520 | $948 |
| 2018 | $9,700 | $944 |
| 2017 | $9,800 | $944 |
History based on county public records data.
Nearby schools
1
Franklin Primary School
Public District KG-4
1.5 mi
•807 W Columbia Ter
3
Whittier Primary School
Public District KG-4
2.3 mi
•1619 W Fredonia Ave
5
P L Bolin Elementary School
Public District 3-5
2.4 mi
•428 Arnold Rd
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 $30,843. 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?
55%
<35k
38%
35k-100k
7%
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?
48%
Single, No Kids
29%
Single, with Kids
11%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
36%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Popeyes
Golden Corral
What do the neighbors drive?
Buick
Dodge
Kia
What do the neighbors listen to?
Urban Contemporary
Adult Standards- Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 Spring St
The listing price of 506 Spring St property is $75,000.
The property 506 Spring St is a house located in Peoria, Illinois, 61603.
Active Listing: 506 Spring St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 Spring St are: Franklin Primary School (GreatSchools Rating 1/10), Whittier Primary School (GreatSchools Rating 3/10), P L Bolin Elementary School (GreatSchools Rating 5/10), Lincoln K-8 School (GreatSchools Rating 2/10), Glen Oak Community Learning Center (GreatSchools Rating 2/10), Von Steuben Middle School (GreatSchools Rating 2/10), Peoria High School (GreatSchools Rating 2/10), Quest Charter School Academy (GreatSchools Rating 3/10), East Peoria High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $974 (source: MLS/based on county public records data).
The last sale was on July 14, 2021 for $22,000 (source: MLS/tax record).
The property at 506 Spring St has 6 bedrooms and 1 bathroom.
The property 506 Spring St is 1,819 SqFt (source: MLS/tax record).
The year of construction for 506 Spring St is 1930.
This home is located at 506 Spring St in Peoria, IL and zip code 61603 in the North Valley neighborhood. This 1,819 square foot home was built in 1930. Features: 6 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 2, 2025 and is currently priced at $75,000.
Peoria, IL housing market in June 2025 saw over 61 listings sold above listed price, more than 30 sold at listed price and over 57 sold below. The inventory of homes for sale in Peoria, IL between May and June 2025 decreased by 2.6%. Listings spent 20 days on the market in June 2025, and had a median list price of $155,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.