Pending18d on market
503 W Main St
Elmwood, IL, 61529 • 61529 • Peoria County
$148,000
$54/sqft
Down payment assistance available
6Beds
3Baths
2,764Sqft
0.24 acLot
Property DNA
None
61529
This home is getting attention
Listed 18 days ago · 545 views · 11 saves
Market activity
Demand and pricing signals for this listing
545 views
People checking out this listing
11 saves
Buyers have saved this home
18 days on market
Recently listed
$54/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 22% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family
4-unit, 2-story apartment building located in the heart of Elmwood just one block off the square, offering a prime location with strong rental appeal. This fully occupied property provides immediate income and features a solid layout with all units currently leased. Recent updates include a newer furnace and two water heaters, helping reduce future capital expenses. Situated in a convenient, walkable area close to local shops, dining, and amenities, this property presents a great opportunity for investors looking to add to their portfolio or for those seeking a value-add property with upside potential.
Standout features identified
Our analysis highlights newer furnace, solid layout, and two water heaters as key attractions of this home.
Estimated monthly payment
Based on current rates
$966/month
Principal & Interest$769
Property Tax$148
Insurance$49
Down payment20% ($29,600)
3%50%
Est. 6.76% rate · 30yr fixed · $118,400 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
HeatingHot Water
Parking6 Parking spaces
Days on Zillow18 Days
Price/sqft$54
Property
Home typeMulti Family
Sub-typeMulti Family
Systems
HeatingHot Water
RoofShingle
ConstructionAluminum Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAssigned
BasementFull
Lot10,362 sqft
Location & Tax
Neighborhood61529
Annual tax$4,391
Parcel1107263007
Features & details
6 categories of property features
Interior Features
Appliances
Gas Water Heater
Range
Water Heater
Heating
Hot Water
Laundry
None
Exterior Features
Parking
Assigned
Construction
Aluminum Siding
Lot Features
Level
Listing insights
Market data and value estimates
StatusPending
Days on market18
Est. rent$1,285/mo
Tax rate2.49%
Price/sqft$54
On marketMar 27, 2026
PostedMar 27, 2026
MLS updatedApr 9, 2026
Tour days6
Views545
Favorites11
How are the schools in Elmwood?
3 schools rated nearby
Location
Elmwood, IL, 61529
Price history
4 events
DateEventPrice$/sqftSource
Apr 3, 2026Pending Sale$148,000$54RMLS Alliance as distributed by MLS GRID
Mar 27, 2026Listed For Sale$148,000$54RMLS Alliance as distributed by MLS GRID
Mar 1, 2025Listing Removed$165,000$60BHHS broker feed
Oct 25, 2024Listed For Sale$165,000$60RMLS Alliance as distributed by MLS GRID
Pending Sale$148,000
Apr 3, 2026•$54/sqft•RMLS Alliance as distributed by MLS GRID
Listed For Sale$148,000
Mar 27, 2026•$54/sqft•RMLS Alliance as distributed by MLS GRID
Listing Removed$165,000
Mar 1, 2025•$60/sqft•BHHS broker feed
Listed For Sale$165,000
Oct 25, 2024•$60/sqft•RMLS Alliance as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Elmwood, IL • Peoria County
Nearby cities
BartonvilleChillicotheDunlapEdwardsElmwoodHanna CityPekinPeoria
Nearby zip codes
61529
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-14 16:47:58 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)
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