503 Morgan Street
Peoria, IL 61603
2
Bed
1
Bath
810Sqft
0.03Acre(Lot)
OPPORTUNITY KNOCKS ON MORGAN STREET! This 2-bedroom Peoria property is ready for an investor, renovator, or buyer looking for their next project. Offering approximately 810 finished square feet with a functional layout, this home provides a starting point for someone prepared to bring their own vision and improvements to the property. With significant renovation and updating needed, the value here lies in the opportunity to reimagine the space and determine its next chapter. Whether you\'re looking for a potential addition to an investment portfolio, a renovation project, or a property to improve and hold, 503 Morgan Street offers an accessible entry point with room for transformation.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Basement: Crawl Space -
Roofing Information
Shingle -
Interior Features
Eat-in Kitchen Roof: Shingle Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas
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Building Information
Year Built: 1900 Building Area Total: 810 Construction Materials: Aluminum Siding Patio And Porch Features: Porch Private Pool: No Association Fee Frequency: Monthly
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Lot Information
Lot Dimensions: 24 x 57 Lot Size Acres: 0.03 Lot Description: LevelProperty Information
Subdivision: Morton Voris & Laveille Source Property Type: Residential MLS Area Minor: PAAR Area Property SubType: Single Family Residence Property Age: 126
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Listing Price Information
Listing Price: $15000
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Tax Information
Parcel Number: 18-03-307-010 Tax Year: 2025 Annual Tax: $804.34 Tax Legal Desc: MORTON VORIS & LAVEILLE'S ADD SW 1/4 SEC 3-8-8E BEG 34' SE OF MOST NLY COR LOT 6 BLK 61: TH SE 24' S
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Parking Information
On StreetHomeowners Association InformationHas Association: Yes
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School Information
Elementary School:Junior High School:Senior High School: Woodruff -
Location Information
Direction: Northeast Madison Avenue to Morgan Street WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3515 NE Madison Avenue, Peoria, IL, 61603 | $27,900 | 2 | 1 | 840 | 0.08 Acre |
| 3300 NE Madison Avenue, Peoria, IL, 61603 | $33,900 | 2 | 1 | 660 | 0.09 Acre |
| 2702 NE Madison Avenue, Peoria, IL, 61603 | $24,900 | 2 | 1 | 1,154 | 0.09 Acre |
| 627 Fairholm Avenue, Peoria, IL, 61603 | $47,500 | 2 | 1 | 926 | -- |
| 615 Alexander Avenue, Peoria, IL, 61603 | $25,000 | 3 | 1 | 1,188 | 0.10 Acre |
| 2514 NE Monroe Street, Peoria, IL, 61603 | $27,900 | 2 | 1 | 714 | 0.14 Acre |
| 626 Haungs Avenue, Peoria, IL, 61603 | $65,000 | 4 | 2 | 1,289 | 0.10 Acre |
| 632 Spitznagle Avenue, Peoria, IL, 61603 | $20,000 | 1 | 1 | 440 | 0.09 Acre |
| 638 Spitznagle Avenue, Peoria, IL, 61603 | $25,000 | 3 | 1 | 698 | 0.10 Acre |
| 521 NE Rock Island Avenue, Peoria, IL, 61603 | $35,000 | 3 | 1 | 1,007 | -- |
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Nearby For Sale
Based on information submitted to the MLS GRID as of 09/26/2026 @ 01:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
ByOwner last updated this listing 09/26/2026 @ 01:08
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