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For sale
    • Price cut: $13K (6/1)
    $155,000

    1620 W Fredonia Ave, Peoria, IL 61606

    6beds
    3baths
    1,648sqft
    : 
    $1,187/mo
    Get pre-qualified
    Multi Family
    Built in 1924
    -- sqft lot
    $-- Zestimate®
    $94/sqft
    $-- HOA

    What's special

    Detached garageTwo-story duplex
    PRIME BRADLEY UNIVERSITY INVESTMENT OPPORTUNITY! Unlock a phenomenal investment with this multi-family property located at 1620 West Fredonia Avenue, a powerhouse for rental income. Situated just 0.1 miles from Bradley University, this home is a student housing dream, offering an unbeatable walk-to-campus location that tenants will compete for. This two-story duplex is an investor's perfect setup. This Duplex has a total of 6 bedrooms and 2 bathrooms across 1,648 sq. ft. This layout is ideally suited to accommodate up to six students, allowing you to maximize your rental yield and capitalize on the constant demand for student housing. The property also includes a full basement for extra storage and a detached garage - a highly-sought-after amenity for renters. This isn't just a house; it's a turn-key business opportunity. The proximity to campus ensures a consistent pool of tenants and a strong, reliable cash flow. Stop searching for the perfect investment; you've found it. Don't miss your chance to own one of the best rental locations in Peoria's West Bluff.
    251 days
    |
    292
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Adam J Merrick homes@adammerrick.com,

    Adam Merrick Real Estate,

    Stephen M Bogart,

    Adam Merrick Real Estate

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1262378MLS LogoOriginating MLS: Peoria Area Association of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      Heating
      • Baseboard, Electric, Hot Water, Radiant
      Appliances
      • Included: Gas Water Heater, Dryer, Range, Refrigerator, Washer, Water Heater
      • Laundry: Owned Equipment
      Features
      • Basement: Full
      Interior area
      • Total structure area: 1,648
      • Total interior livable area: 1,648 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Detached
      Lot
      • Size: 6,534 Square Feet
      • Dimensions: 50 x 132
      • Features: Level
      Details
      • Parcel number: 1808106005

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick Partial, Vinyl Siding
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1924

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Subdivision: Callender & Ayres
      Location
      • Region: Peoria

      Financial & listing details

      • Price per square foot: $94/sqft
      • Tax assessed value: $93,000
      • Annual tax amount: $3,584
      • Date on market: 11/14/2025
      • Cumulative days on market: 253 days
      • Tenant pays: All Utilities
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,564/mo

        Price history

        DateEventPrice
        6/1/2026Price change$155,000-7.7%$94/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1262378 Report a problem
        11/14/2025Listed for sale$168,000$102/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1262378 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,804 +4.8%$31,000 +9%
        2023$2,676 +13.7%$28,440 +16.6%
        2022$2,353 +1.9%$24,390 +5%
        2021$2,309 +0.2%$23,230 +1%
        2020$2,305 -1.4%$23,000 -2%
        2019$2,338 +1.3%$23,470 -1%
        2018$2,308 +0%$23,700 -1%
        2017$2,308 +0.7%$23,940
        2016$2,291 +2.1%$23,940 +2%
        2015$2,244 -0.7%$23,470 -4.4%
        2014$2,259 +0%$24,540 -1.2%
        2013$2,258 -2.2%$24,830 -4.9%
        2011$2,310 $26,100 +2.6%
        2010-- $25,450 +61.8%
        1998$1,257 $15,730
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: West Bluff

        Getting around

        71 / 100
        Very Walkable
        33 / 100
        Some Transit
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Manual

        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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