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Sold for $305,000
  • $305,000

    7416-7418 N Patton Ln, Peoria, IL 61614

    4beds
    4baths
    3,420sqft
    Multi Family, Duplex
    Built in 1968
    -- sqft lot
    $315,800 Zestimate®
    $89/sqft
    $1,492 Estimated rent

    Home value

    $315,800

    $281,000 - $357,000

    $1,492/mo

    Zestimate® history
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    $1,492/mo

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    $2,297/mo

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    What's special

    2BR/2BA Duplex in North Peoria! A fantastic opportunity awaits with this updated and income-producing duplex situated on a tree-lined corner lot in a wonderful neighborhood. Well-maintained and move-in ready, the property offers generous living space and modern updates throughout, including newer windows, HVAC, kitchen finishes, and convenient in-unit laundry with 2020 washers and dryers included. Investors will appreciate the ease of ownership with minimized maintenance, reliable tenants, and strong financial performance. Currently bringing in $34,800 annually in gross rental income with long-term tenant stability, this duplex offers immediate cash flow plus future upside to maximize ROI. Fully leased and producing consistent monthly income from day one, the property is ideally located near Richwoods, Liberty, and Kellar schools, as well as shopping, dining, recreation, quick interstate & downtown access for commuters. KEY HIGHLIGHTS: - Fully occupied and investor-ready (immediate income from day one) - - Strong rental history with reliable tenants - - Low-maintenance updates and modern finishes - - Convenient location close to schools, hospitals, downtown & more Whether you’re expanding your portfolio or planning to live in one unit while renting out the other, this property checks all the boxes for stability, income, and long-term growth potential. Also inquire about additional available properties (MLS#1261347 / #1261349))

    Zillow last checked:

    Listing updated:

    Listed by:

    Marilyn R Kohn Pref:309-696-7559,

    RE/MAX Traders Unlimited

    Bought with:

    Linda P Kepple, 471.004439

    Keller Williams Premier Realty

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1261348MLS LogoOriginating MLS: Peoria Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Electric, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Range, Refrigerator, Washer, Water Heater
    • Laundry: Owned Equipment, Units Hook-Ups
    Features
    • Basement: Finished,Partial
    Interior area
    • Total structure area: 3,420
    • Total interior livable area: 3,420 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached
    • Has attached garage: Yes
    Lot
    • Size: 0.33 Acres
    • Dimensions: 97 x 111 x 121 x 145
    • Features: Corner Lot, Terraced/Sloping
    Details
    • Parcel number: 1408283001
    • Zoning description: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Duplex
    Materials
    • Brick, Wood Siding
    • Foundation: Block
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Subdivision: Versailles Garden
    Location
    • Region: Peoria

    Financial & listing details

    • Price per square foot: $89/sqft
    • Annual tax amount: $8,314
    • Date on market: 10/3/2025
    • Cumulative days on market: 4 days
    • Lease term: Month To Month
    • Tenant pays: All Utilities
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/3/2025Sold$305,000-1.6%$89/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1261348 Report a problem
    10/9/2025Pending sale$310,000$91/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1261348 Report a problem
    10/4/2025Listed for sale$310,000+23%$91/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1261348 Report a problem
    5/2/2016Sold$252,000$74/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1172273 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 61614

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Richwoods

    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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    $315,800
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    +$6,316
    With Zillow Showcase(estimated)
    $322,116