Skip To Content

500 NE Madison Avenue

Peoria, IL 61603
  • $1,750,000
  • STATUS: Active
  • ON SITE: 140 Days
  • ID#: PA1260511
UPDATED: 53 min ago
$1,750,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

High School:

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

Monthly Payment Calculator



© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-01-15T23:44:48.743.
www.loganfrazierhomes.org/homes/167381035
Print Image

500 NE Madison Avenue Peoria, IL 61603

  • Price: $1,750,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 53 min ago
  • ID#: PA1260511
0
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
Flanagan
County:
Peoria
Area:
Paar Area
High School:
Manual
Property 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
Exterior Features

Construction Materials Brick Parking Features Guest Parking Total 30 Road Surface Type Paved Roof Other

Interior Features

Basement Full Building Area Total 17982 Cooling ZonedCentral Air Heating Heating Systems - 2+Forced AirNatural Gas Number Of Central Air Units 14 Number Of Electric Meters 14 Number Of Gas Meters 14 Number Of Heating Units 14 Number Of Ranges 14 Number Of Water Heaters 14 Numberof Refrigerators 14

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 130592 Insurance Expense 0 Lot Features Level Lot Size Dimensions 121X85 Manager On Site YN No Net Operating Income 117347 New Construction YN No Number Of Water Meters 1 Operating Expense 0 Repossessed No Structure Type Apartment Building Tax Annual Amount 13245 Tax Legal Description 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 Tax Year 2024 Trash Expense 0 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Zachary Oyler of Keller Williams Premier Realty: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-01-15T23:44:48.743.
 
https://bt-photos.global.ssl.fastly.net/peoria/orig_boomver_1_PA1260511-1.jpg https://bt-photos.global.ssl.fastly.net/peoria/orig_boomver_1_PA1260511-1.jpg https://bt-photos.global.ssl.fastly.net/peoria/orig_boomver_1_PA1260511-1.jpg
Logo
Logan Frazier Homes | The Real Estate Group
3701 Wabash Ave
Springfield IL, 62711