For sale

$29,900

3515 NE Madison Ave, Peoria, IL 61603

2beds

840sqft

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Single Family Residence, Residential

Built in 1920

3,484 Square Feet Lot

$-- Zestimate^®

$36/sqft

$-- HOA

What's special

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.

89 days

345

6

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: $36/sqft
Tax assessed value: $26,520
Annual tax amount: $1,151
Date on market: 4/24/2026
Cumulative days on market: 90 days

Estimated market value

Not available

Estimated sales range

Not available

$973/mo

Price history

Date	Event	Price
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

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: North Valley

Getting around

36 / 100

Car-Dependent

25 / 100

Some Transit

49 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
Lincoln School
Grades: K-8Distance: 1.3 mi
1/10
Peoria High School
Grades: 9-12Distance: 2.4 mi

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.