For sale

$149,900

516 NE Madison Ave, Peoria, IL 61603

3beds

1,880sqft

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Single Family Residence, Residential

Built in 1920

3,049 Square Feet Lot

$-- Zestimate^®

$80/sqft

$-- HOA

What's special

All brick single 3bed / 2.5 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.

367 days

269

26

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Bedroom 1

Level: Upper
Dimensions: 12ft 0in x 12ft 0in

Bedroom 2

Level: Upper
Dimensions: 12ft 0in x 10ft 0in

Bedroom 3

Level: Upper
Dimensions: 10ft 0in x 10ft 0in

Other

Area: 0

Kitchen

Level: Main
Dimensions: 12ft 0in x 12ft 0in

Main level

Area: 940

Upper level

Area: 940

Heating

Forced Air

Cooling

Central Air

Features

Basement: Full

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: 3,049 Square Feet
Dimensions: 28.5 x 85.5
Features: Level

Details

Parcel number: 1804483007

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: $80/sqft
Tax assessed value: $59,520
Annual tax amount: $2,094
Date on market: 7/18/2025
Cumulative days on market: 368 days

Estimated market value

Not available

Estimated sales range

Not available

$1,705/mo

Price history

Date	Event	Price
2/3/2026	Price change	$149,900-3.3%$80/sqft
Source: RMLS Alliance as distributed by MLS GRID #PA1259512 Report a problem
7/18/2025	Listed for sale	$155,000+210%$82/sqft
Source: RMLS Alliance as distributed by MLS GRID #PA1259512 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
6/11/2019	Listing removed	$1,200$1/sqft
Source: Owner Report a problem
4/28/2019	Listed for rent	$1,200$1/sqft
Source: Owner Report a problem
3/8/2019	Listing removed	$1,200$1/sqft
Source: Owner Report a problem
9/21/2018	Listed for rent	$1,200$1/sqft
Source: Owner Report a problem
5/4/2018	Listing removed	$1,200$1/sqft
Source: Owner Report a problem
4/21/2018	Listed for rent	$1,200$1/sqft
Source: Owner Report a problem
4/25/2003	Sold	$50,000$27/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,795 +4.8%	$19,840 +9%
2023	$1,712 +19.2%	$18,200 +22.2%
2022	$1,436 +1.9%	$14,890 +5%
2021	$1,410 +0.2%	$14,180 +1%
2020	$1,407 -1.4%	$14,040 -2%
2019	$1,427 +23%	$14,320 +20.2%
2018	$1,160 +0%	$11,910 -1%
2017	$1,160 +0.8%	$12,030
2016	$1,151 +2.1%	$12,030 +2%
2015	$1,127 -1%	$11,790 -4.7%
2014	$1,139 0%	$12,370 -1.2%
2013	$1,139	$12,520 -9.3%
2010	--	$13,810 +127.5%
1998	$485	$6,070

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

71 / 100

Very Walkable

48 / 100

Some Transit

65 / 100

Bikeable

Nearby schools

GreatSchools rating

3/10
Lincoln School
Grades: K-8Distance: 0.9 mi
1/10
Manual High School
Grades: 9-12Distance: 2.8 mi

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.