Active

500 NE Madison Avenue

Peoria, IL 61603

$1,750,000 $7,378/Mo

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Overview

Bed

Bath

0.24

Acre(Lot)

Description

Great opportunity to own an Historic 14 multi-family close to Downtown and Hospitals. Consistent demand and stays full. 16 unit available across the street as well as3single family homes. See also MLS PA1259507

Property Details

Property Type : Residential Income

Price : $1,750,000

AD Id : 66808748

MLS Id : PA1260511

Lot Size : 0.24 Acre

Year Built : --

County : Peoria

Subdivision: Brightside Park

Map

What's Nearby

Nearby Areas

Features

Room Information

Has Basement: Yes Basement: Full
Roofing Information

Other
Interior Features

Roof: Other Appliances: Refrigerator, Water Heater, Range
Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Zoned, Central Air

Building Information

Building Area Total: 17982 Construction Materials: Brick Private Pool: No Association Fee Frequency: Monthly

Lot Information

Lot Dimensions: 121X85 Lot Size Acres: 0.24 Lot Description: Level

Property Information

Subdivision: Flanagan Source Property Type: Residential Income MLS Area Minor: PAAR Area Property SubType: Multi Family

Listing Price Information

Listing Price: $1750000

Tax Information

Parcel Number: 18-04-483-001 Tax Year: 2024 Annual Tax: $13245 Tax Legal Desc: FLANAGAN'S ADD SE 1/4 SEC 4-8-8E (96-23121) BEG INTERSEC SE LN MADISON AVE & NE LN BRYAN ST: TH NE A

Parking Information

Parking Total: 30 Guest

Homeowners Association Information
Has Association: Yes

School Information

Elementary School:

Junior High School:

Senior High School: Manual
Location Information

Direction: Corner of Madison and Bryan WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
1617 NE Monroe Street, Peoria, IL, 61603	$84,000	--	--	--
805 NE Madison Avenue, Peoria, IL, 61603	$32,900	--	--	--
502 NW Bryan Street, Peoria, IL, 61603	$1,850,000	--	--	--

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Based on information submitted to the MLS GRID as of 06/18/2026 @ 05:47. 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 06/18/2026 @ 05:47

MLS: PA1260511 LISTED BY: Zachary Oyler, Keller Williams Premier Realty 309-282-1555 SOURCE: RMLS Alliance