Turnkey income plus built-in upside. 18-home SFR portfolio, priced to move. 13 renovated homes are already cash-flowing about $12K/month, all leased below market with room to raise rents. 5 vacant value-add homes are ready for your vision. Buy the whole portfolio, a 6-home package, or one home.
For sale
$75,000
506 Spring St, Peoria, IL 61603
6beds
1,819sqft
Single Family Residence, Residential
Built in 1930
2,178 Square Feet Lot
$-- Zestimate®
$41/sqft
$-- HOA
What's special
- 1 day
- 63
- 2
Zillow last checked:
Listing updated:
Listed by:
Adam J Merrick homes@adammerrick.com,
Adam Merrick Real Estate,
Pamela Stevens,
Adam Merrick Real Estate
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1271599
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Bedroom 2
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Bedroom 3
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Bedroom 4
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Bedroom 5
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Other
- Area: 0
Additional room
- Description: BEDROOM 6
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Kitchen
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Living room
- Level: Main
- Dimensions: 10ft 0in x 10ft 0in
Main level
- Area: 1819
Heating
- Has Heating (Unspecified Type)
Features
- Basement: None
Interior area
- Total structure area: 1,819
- Total interior livable area: 1,819 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 2,178 Square Feet
- Dimensions: 27 x 85
- Features: Level
Details
- Parcel number: 1803183006
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Halls
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $41/sqft
- Tax assessed value: $36,900
- Annual tax amount: $1,386
- Date on market: 11/5/2026
- Cumulative days on market: 2 days
Estimated market value
Not available
Estimated sales range
Not available
$1,338/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2026 | Listed for sale | $75,000-15.7%$41/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1271599 Report a problem | ||
| 7/22/2026 | Listing removed | $89,000$49/sqft |
Source:  MRED as distributed by MLS GRID #12642348 Report a problem | ||
| 5/16/2026 | Listed for sale | $89,000+18.7%$49/sqft |
Source: MRED as distributed by MLS GRID #12642348 Report a problem | ||
| 11/26/2025 | Listing removed | $75,000$41/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1259109 Report a problem | ||
| 7/23/2025 | Pending sale | $75,000$41/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1259109 Report a problem | ||
| 7/2/2025 | Listed for sale | $75,000+50%$41/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1259109 Report a problem | ||
| 4/15/2025 | Listing removed | $50,000$27/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1256136 Report a problem | ||
| 2/23/2025 | Listed for sale | $50,000+127.3%$27/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1256136 Report a problem | ||
| 7/8/2021 | Sold | $22,000-12%$12/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1226027 Report a problem | ||
| 6/24/2021 | Pending sale | $25,000$14/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1226027 Report a problem | ||
| 6/18/2021 | Listed for sale | $25,000-16.7%$14/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1226027 Report a problem | ||
| 6/20/2019 | Listing removed | $799 |
Source: Zillow Rental Manager Report a problem | ||
| 6/18/2019 | Listed for rent | $799 |
Source: Zillow Rental Manager Report a problem | ||
| 3/2/2017 | Listing removed | $30,000$16/sqft |
Source: Jim Maloof/REALTOR #1177438 Report a problem | ||
| 9/19/2016 | Listed for sale | $30,000$16/sqft |
Source: Jim Maloof/REALTOR #1177438 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,086 +6.4% | $12,300 +8.9% |
| 2024 | $1,021 +4.8% | $11,290 +9% |
| 2023 | $975 +2% | $10,360 +4.5% |
| 2022 | $956 +2% | $9,910 +5.1% |
| 2021 | $938 +0.3% | $9,430 +1.1% |
| 2020 | $935 -1.4% | $9,330 -2% |
| 2019 | $948 +0.4% | $9,520 -1.9% |
| 2018 | $945 0% | $9,700 -1% |
| 2017 | $945 +0.8% | $9,800 |
| 2016 | $938 +2.2% | $9,800 +2.1% |
| 2015 | $918 -11% | $9,600 -14.3% |
| 2014 | $1,031 0% | $11,200 -1.2% |
| 2013 | $1,031 | $11,340 -12.8% |
| 2010 | -- | $13,000 +140.7% |
| 1998 | $432 | $5,400 |
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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