Great investment opportunity! This property offers strong potential for rental income, renovation, or resale. Whether you're looking to expand your portfolio or start investing, this home provides a solid foundation with value-add potential. Convenient location and endless possibilities make this a must-see for investors.
For sale
Price cut: $2K (8/12)
$27,900
3515 NE Madison Ave, Peoria, IL 61603
2beds
840sqft
Single Family Residence, Residential
Built in 1920
3,484 Square Feet Lot
$-- Zestimate®
$33/sqft
$-- HOA
What's special
- 134 days
- 286
- 9
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#: PA1265901
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 8ft 0in x 12ft 0in
Bedroom 2
- Level: Main
- Dimensions: 8ft 0in x 10ft 0in
Other
- Level: Main
- Dimensions: 13ft 0in x 10ft 0in
Other
- Area: 0
Kitchen
- Level: Main
- Dimensions: 13ft 0in x 9ft 0in
Living room
- Level: Main
- Dimensions: 13ft 0in x 13ft 0in
Main level
- Area: 840
Heating
- Forced Air
Features
- Basement: Partial,Unfinished
Interior area
- Total structure area: 840
- Total interior livable area: 840 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
- Details: Number Of Garage Remotes: 0
Lot
- Size: 3,484 Square Feet
- Dimensions: 25 x 132
- Features: Level
Details
- Parcel number: 1435134019
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Van Deventer
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $33/sqft
- Tax assessed value: $26,520
- Annual tax amount: $1,151
- Date on market: 4/24/2026
- Cumulative days on market: 136 days
Estimated market value
Not available
Estimated sales range
Not available
$962/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $27,900-6.7%$33/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1265901 Report a problem | ||
| 4/24/2026 | Listed for sale | $29,900$36/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1265901 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/5/2018 | Listing removed | $475$1/sqft |
Source: Owner Report a problem | ||
| 10/29/2018 | Price change | $475-17.4%$1/sqft |
Source: Owner Report a problem | ||
| 9/19/2018 | Listed for rent | $575+15%$1/sqft |
Source: Owner Report a problem | ||
| 2/24/2016 | Listing removed | $500$1/sqft |
Source: Owner Report a problem | ||
| 12/24/2015 | Price change | $500-13%$1/sqft |
Source: Owner Report a problem | ||
| 9/28/2015 | Listed for rent | $575$1/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $800 +4.8% | $8,840 +9% |
| 2023 | $763 +13.7% | $8,110 +16.5% |
| 2022 | $671 +1.9% | $6,960 +5% |
| 2021 | $659 +0.3% | $6,630 +1.1% |
| 2020 | $657 -1.4% | $6,560 -1.9% |
| 2019 | $666 -7.5% | $6,690 -9.6% |
| 2018 | $721 +0.1% | $7,400 -0.9% |
| 2017 | $720 +0.7% | $7,470 |
| 2016 | $715 +2% | $7,470 +1.9% |
| 2015 | $701 -5.7% | $7,330 -9.2% |
| 2014 | $743 0% | $8,070 -1.2% |
| 2013 | $743 -2.1% | $8,170 -4.8% |
| 2011 | $759 | $8,580 -6.2% |
| 2010 | -- | $9,150 +67% |
| 1998 | $438 | $5,480 |
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.Climate risks
Neighborhood: North Valley
Nearby schools
Schools provided by the listing agent
- High: Peoria High
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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