#PA1256478, Adam Merrick, Listing office: Adam Merrick Real Estate
$175,000 List price
514 NE Madison Ave Peoria, IL 61603
2 beds
1 full, 1 partial
1,880 sqft
0.05 acres
$93 / sqft
House
Property details
About 514 NE Madison Ave
All brick single 2vbed / 1.5 bath home close to Downtown and Hospitals. Currently rented single family. Can be purchased as a package with other properties or sold individually. Lots of historic character and charm.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Forced Air
StatusActive
CoolingCentral Air
Size1,880 sqft
BasementYes
Lot size0.05 Acres
Year built1920
ParkingOn Street
MLS #PA1259511
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 2
- Parking: On Street
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- List Price: $175,000
- Price/SqFt: $93
- Annual Tax Amount: $1,686
- Tax Year: 2023
- Lot: Level
- Directions: Madison and Bryan
- Year Built: 1920
- Living Area: 1,880 SqFt
- Lot Size: 0.05 Acres
- MLS Number: PA1259511
- MLS Name: RMLSA
- Office Name: Keller Williams Premier Realty
- Listing Agent: Zachary Oyler
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: 7/19/2025, 12:50:31 AM 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 |
|---|---|---|
| Apr 25, 2003 | Home Sold | $62,500 |
| Nov 20, 1998 | Home Sold | $27,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $17,930 | $1,686 |
| 2022 | $5,320 | $513 |
| 2021 | $5,070 | $5,070 |
| 2020 | $5,020 | $503 |
| 2019 | $5,120 | $510 |
| 2018 | $5,560 | $541 |
| 2017 | $5,620 | $541 |
History based on county public records data.
Nearby schools
1
Franklin Primary School
Public District KG-4
1.1 mi
•807 W Columbia Ter
3
Whittier Primary School
Public District KG-4
1.8 mi
•1619 W Fredonia Ave
5
P L Bolin Elementary School
Public District 3-5
2.5 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 $20,798. Most Peoria, IL residents have annual incomes less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
72%
<35k
19%
35k-100k
2%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
70%
Single, No Kids
17%
Single, with Kids
9%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
5%
12-17 yrs old
33%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
UFC
NBA/WNBA
Where do the neighbors shop?
Burlington
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Cicis Pizza
Burger King
Starbucks
What do the neighbors drive?
Pontiac
Buick
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
News
All data provided by Home Junction and Claritas
Similar homes for sale
1 day on Rocket
#PA1259512, Zachary Oyler, Listing office: Keller Williams Premier Realty
#PA1257395, Rebecca Gaetz Bishop, Listing office: Keller Williams Premier Realty
1 day on Rocket
#PA1259509, Zachary Oyler, Listing office: Keller Williams Premier Realty
#PA1258571, Zachary Oyler, Listing office: Keller Williams Premier Realty
#PA1253380, Samantha Braden, Listing office: Rhoades Real Estate & Land Auc
#PA1257272, Venky Basam, Listing office: Keller Williams Premier Realty
#PA1256852, Donna Fauntleroy, Listing office: Coldwell Banker Real Estate Group
#PA1258353, Zachary Oyler, Listing office: Keller Williams Premier Realty
#PA1255741, Zachary Oyler, Listing office: Keller Williams Premier Realty
Frequently asked questions
About 514 NE Madison Ave
The listing price of 514 NE Madison Ave property is $175,000.
The property 514 NE Madison Ave is a house located in Peoria, Illinois, 61603.
Active Listing: 514 NE Madison Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 514 NE Madison Ave 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), Ellise Ford Allen Academy (GreatSchools Rating 1/10), 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 $1,686 (source: MLS/based on county public records data).
The last sale was on April 25, 2003 for $62,500 (source: MLS/tax record).
The property at 514 NE Madison Ave has 2 bedrooms and 1 full and 1 half bathrooms.
The property 514 NE Madison Ave is 1,880 SqFt (source: MLS/tax record).
The year of construction for 514 NE Madison Ave is 1920.
This home is located at 514 NE Madison Ave in Peoria, IL and zip code 61603 in the Olde Towne neighborhood. This 1,880 square foot home, which was built in 1920, sits on a 0.05 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $175,000.
While more than 61 listings in Peoria, IL in June 2025 were sold above asking price, there were more than 30 listings sold at asking price, and more than 57 were sold below. Between May and June 2025, Peoria, IL real estate market has seen decrease in the number of listings 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.