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For sale
    • Price cut: $5K (9/26)
    $144,900

    514 NE Madison Ave, Peoria, IL 61603

    2beds
    1,880sqft
    : 
    $1,169/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1920
    2,178 Square Feet Lot
    $-- Zestimate®
    $77/sqft
    $-- HOA

    What's special

    All brick single 2bed / 1.5 bath home close to Downtown and Hospitals. Can be purchased as a package with other properties or sold individually. Lots of historic character and charm.
    464 days
    145
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Zachary Oyler 309-472-8037,

    Keller Williams Premier Realty

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1259511MLS LogoOriginating MLS: Peoria Area Association of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Bedroom 1
      • Level: Upper
      • Dimensions: 12ft 0in x 10ft 0in
      Bedroom 2
      • Level: Upper
      • Dimensions: 10ft 0in x 10ft 0in
      Other
      • Area: 0
      Kitchen
      • Level: Main
      • Dimensions: 10ft 0in x 10ft 0in
      Main level
      • Area: 940
      Upper level
      • Area: 940
      Heating
      • Forced Air
      Cooling
      • Central Air
      Features
      • Basement: Full,Unfinished
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 1,880
      • Total interior livable area: 1,880 sqft

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      Lot
      • Size: 2,178 Square Feet
      • Dimensions: 28.5 x 85
      • Features: Level
      Details
      • Parcel number: 1804483006

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Brick
      • Foundation: Brick/Mortar
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Flanagan
      Location
      • Region: Peoria

      Financial & listing details

      • Price per square foot: $77/sqft
      • Tax assessed value: $63,900
      • Annual tax amount: $2,067
      • Date on market: 7/18/2025
      • Cumulative days on market: 465 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,711/mo

        Price history

        DateEventPrice
        9/26/2026Price change$144,900-3.3%$77/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1259511 Report a problem
        8/27/2026Listed for sale$149,900-11.8%$80/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1259511 Report a problem
        2/3/2026Listed for sale$169,900-2.9%$90/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1259511 Report a problem
        7/18/2025Listed for sale$175,000+548.1%$93/sqft
        Source: RMLS Alliance as distributed by MLS GRID #PA1259511 Report a problem
        1/23/2025Listing removed$1,800$1/sqft
        Source: Zillow Rentals Report a problem
        11/17/2024Listed for rent$1,800+20%$1/sqft
        Source: Zillow Rentals Report a problem
        6/6/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        4/14/2022Listed for rent$1,500+25%$1/sqft
        Source: Zillow Rental Manager Report a problem
        5/13/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        4/20/2021Listed for rent$1,200$1/sqft
        Source: Zillow Rental Manager Report a problem
        11/20/1998Sold$27,000$14/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,881 +6.4%$21,300 +9%
        2024$1,767 +4.8%$19,540 +9%
        2023$1,687 +228.7%$17,930 +237%
        2022$513 +1.8%$5,320 +4.9%
        2021$504 +0.2%$5,070 +1%
        2020$503 -1.4%$5,020 -2%
        2019$510 -5.8%$5,120 -7.9%
        2018$542 -0.1%$5,560 -1.1%
        2017$542 +0.8%$5,620
        2016$538 +2.3%$5,620 +2.2%
        2015$526 +42.1%$5,500 +36.8%
        2014$370 0%$4,020 -1.2%
        2013$370 $4,070 -9.4%
        2010-- $4,490 -18.2%
        1998$439 $5,490
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: North Valley

        Getting around

        71 / 100
        Very Walkable
        48 / 100
        Some Transit

        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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