This 1,030-square-foot ranch home in Pekin offers a functional three-bedroom, one-bathroom layout that serves as an ideal canvas for your personal touch. Built in 1957, the residence features a spacious living area anchored by a classic slate fireplace and windows that fill the living area with natural light. While the home maintains its original character and a practical floor plan, it is being sold AS-IS and requires cosmetic updates and some TLC to reach its full potential. The interior features a practical layout anchored by an unfinished basement that provides significant storage space or the opportunity for future expansion. This property presents a great opportunity for an investor or a handy homeowner looking to build equity through renovations in 2026.
Sold for $70,000
Street View
$70,000
1516 N 16th St, Pekin, IL 61554
3beds
1,030sqft
Single Family Residence, Residential
Built in 1957
5,227 Square Feet Lot
$71,500 Zestimate®
$68/sqft
$1,382 Estimated rent
Home value
$71,500
$58,000 - $88,000
$1,382/mo
Zestimate® history
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List your homeWhat's special
Classic slate fireplacePractical floor plan
Zillow last checked:
Listing updated:
Listed by:
Adam J Merrick homes@adammerrick.com,
Adam Merrick Real Estate
Bought with:
Jill Barclay, 475.143785
eXp Realty
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1263145
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 16ft 7in x 9ft 3in
Bedroom 2
- Level: Main
- Dimensions: 11ft 1in x 10ft 1in
Bedroom 3
- Level: Main
- Dimensions: 11ft 5in x 7ft 4in
Other
- Level: Main
- Dimensions: 12ft 9in x 8ft 1in
Other
- Level: Main
- Dimensions: 10ft 5in x 11ft 5in
Other
- Area: 0
Kitchen
- Level: Main
- Dimensions: 12ft 9in x 9ft 1in
Laundry
- Level: Basement
Living room
- Level: Main
- Dimensions: 16ft 5in x 14ft 7in
Main level
- Area: 1030
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: None, Gas Water Heater
Features
- Ceiling Fan(s), High Speed Internet
- Basement: Full,Unfinished
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,030
- Total interior livable area: 1,030 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Pool features: In Ground
Lot
- Size: 5,227 Square Feet
- Dimensions: 53 x 98
- Features: Level
Details
- Additional structures: Shed(s)
- Parcel number: 040435225004
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Aluminum Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Northside Manor
Location
- Region: Pekin
Financial & listing details
- Price per square foot: $68/sqft
- Tax assessed value: $102,150
- Annual tax amount: $2,064
- Date on market: 1/8/2026
- Cumulative days on market: 20 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Sold | $70,000-6.5%$68/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1263145 Report a problem | ||
| 2/12/2026 | Pending sale | $74,900$73/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1263145 Report a problem | ||
| 2/10/2026 | Price change | $74,900-6.3%$73/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1263145 Report a problem | ||
| 1/26/2026 | Pending sale | $79,900$78/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1263145 Report a problem | ||
| 1/8/2026 | Listed for sale | $79,900+5.3%$78/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1263145 Report a problem | ||
| 4/11/2013 | Listing removed | $75,900$74/sqft |
Source: Visual Tour #1141947 Report a problem | ||
| 2/27/2013 | Listed for sale | $75,900$74/sqft |
Source: Visual Tour #1141947 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,064 +9.3% | $34,050 +7.7% |
| 2023 | $1,888 +10.6% | $31,610 +7.2% |
| 2022 | $1,708 +4.3% | $29,480 +2.7% |
| 2021 | $1,638 +0.9% | $28,710 |
| 2020 | $1,623 +1.4% | $28,710 |
| 2019 | $1,601 +2.6% | $28,710 |
| 2018 | $1,560 | $28,710 -0.8% |
| 2017 | $1,560 +1.4% | $28,940 +2% |
| 2016 | $1,539 +10.5% | $28,360 |
| 2015 | $1,392 +2.2% | -- |
| 2013 | $1,362 | $27,710 |
| 2012 | -- | $27,710 |
| 2011 | -- | $27,710 -1.2% |
| 2010 | -- | $28,060 -8.5% |
| 2009 | $1,478 | $30,660 |
Find assessor info on the county website
Neighborhood: 61554
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Nearby schools
GreatSchools rating
- 3/10C B Smith Elementary SchoolGrades: K-3Distance: 0.3 mi
- 5/10Edison Junior High SchoolGrades: 7-8Distance: 0.3 mi
- 4/10Pekin Community High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- High: Pekin Community
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Tazewell County
- Pekin
- 61554
- 1516 N 16th St
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