Turnkey income plus built-in upside. 18-home SFR portfolio, priced to move. 13 renovated homes are already cash-flowing about $12K/month, all leased below market with room to raise rents. 5 vacant value-add homes are ready for your vision. Buy the whole portfolio, a 6-home package, or one home.
For sale
$50,000
1602 NE Monroe St, Peoria, IL 61603
2beds
1,133sqft
Single Family Residence, Residential
Built in 1930
3,920 Square Feet Lot
$-- Zestimate®
$44/sqft
$-- HOA
What's special
- 7 hours
- 6
- 1
Zillow last checked:
Listing updated:
Listed by:
Adam J Merrick homes@adammerrick.com,
Adam Merrick Real Estate,
Pamela Stevens,
Adam Merrick Real Estate
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1271595
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 11ft 0in x 9ft 0in
Bedroom 2
- Level: Main
- Dimensions: 10ft 0in x 8ft 0in
Other
- Area: 0
Kitchen
- Level: Main
- Dimensions: 10ft 0in x 9ft 0in
Living room
- Level: Main
- Dimensions: 11ft 0in x 9ft 0in
Main level
- Area: 1133
Heating
- Has Heating (Unspecified Type)
Features
- Basement: None
- Number of fireplaces: 1
Interior area
- Total structure area: 1,133
- Total interior livable area: 1,133 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 3,920 Square Feet
- Dimensions: 38 x 101
- Features: Level
Details
- Parcel number: 1803252002
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Birket
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $44/sqft
- Tax assessed value: $31,500
- Annual tax amount: $1,227
- Date on market: 11/5/2026
- Cumulative days on market: 1 day
Estimated market value
Not available
Estimated sales range
Not available
$1,128/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2026 | Listed for sale | $50,000$44/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1271595 Report a problem | ||
| 5/11/2026 | Listing removed | $1,199$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/30/2026 | Listed for rent | $1,199$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/25/2026 | Listing removed | $1,199$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/8/2026 | Listed for rent | $1,199$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/26/2025 | Listing removed | $50,000$44/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1259101 Report a problem | ||
| 7/17/2025 | Pending sale | $50,000$44/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1259101 Report a problem | ||
| 7/2/2025 | Listed for sale | $50,000$44/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1259101 Report a problem | ||
| 4/15/2025 | Listing removed | $50,000$44/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1256135 Report a problem | ||
| 2/23/2025 | Listed for sale | $50,000+100%$44/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1256135 Report a problem | ||
| 7/7/2021 | Sold | $25,000+233.3%$22/sqft |
Source: Public Record Report a problem | ||
| 6/24/2016 | Sold | $7,500-71.2%$7/sqft |
Source: Public Record Report a problem | ||
| 11/12/2002 | Sold | $26,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $927 +6.5% | $10,500 +9% |
| 2024 | $871 +4.7% | $9,630 +8.9% |
| 2023 | $832 +4.6% | $8,840 +7.3% |
| 2022 | $795 +2% | $8,240 +5.1% |
| 2021 | $779 +0.2% | $7,840 +1% |
| 2020 | $778 -1.4% | $7,760 -2% |
| 2019 | $789 -6% | $7,920 -8.1% |
| 2018 | $840 0% | $8,620 -1% |
| 2017 | $840 +0.8% | $8,710 |
| 2016 | $833 +2.1% | $8,710 +2% |
| 2015 | $816 -10.1% | $8,540 -13.5% |
| 2014 | $909 0% | $9,870 -1.2% |
| 2013 | $909 -2.1% | $9,990 -4.8% |
| 2011 | $928 | $10,490 -6.8% |
| 2010 | -- | $11,250 +15.9% |
| 2005 | $558 +224.5% | $9,710 +43% |
| 1998 | $172 | $6,790 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Valley
Nearby schools
Schools provided by the listing agent
- High: Peoria High
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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