Sold134d on marketHistoric · 89 yrs
723 W Melbourne Ave
Peoria, IL, 61604 • 61604 • Peoria County
$127,000
$86/sqft
3Beds
1Baths
1,474Sqft
0.12 acLot
1937Built
Property DNA
Character Home
Built 1937 · 89 years of history
Sheridan Park
61604
Outdoor Living
Porch · Enclosed · Screened
2-Car Garage
Detached · On Street · Paved · Oversized
This home is in high demand
Listed 134 days ago · 7 views · Top 7% likely to sell soon
Market activity
Demand and pricing signals for this listing
7 views
People checking out this listing
134 days on market
Established listing
$86/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 7% 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
Single Family · Built 1937 · Historic
Charming & Move-In Ready in Central Peoria! This well-cared-for 3 bedroom, 1 bath home blends comfort, character, and convenience in a fantastic central Peoria location! Enjoy peace of mind with newer roof, newer furnace, and easy-care vinyl siding—all the right updates already done for you. Step inside to find a bright and welcoming layout featuring a generous living room and formal dining area, ideal for gatherings and everyday living. The spacious master bedroom upstairs is a true retreat with hardwood floors, two closets, a cozy sitting area, and a small loft—perfect for reading, relaxing, or working from home. Two main floor bedrooms offer great closet space, and the full bath is conveniently located. The kitchen with breakfast nook is warm and inviting, offering plenty of room to cook and connect. You’ll love spending time in the light-filled 3-season porch or out back in the fenced yard—great for pets, play, or gardening. Plus, there’s an oversized 2-car garage with plenty of space for vehicles and storage. Nestled on a quiet two-block stretch of Melbourne Ave., this home offers a peaceful setting close to shopping, dining, schools, and major routes.
Standout features identified
Our analysis highlights small loft, fenced yard, and cozy sitting area as key attractions of this home.
Estimated monthly payment
Based on current rates
$830/month
Principal & Interest$661
Property Tax$127
Insurance$42
Down payment20% ($25,400)
3%50%
Est. 6.77% rate · 30yr fixed · $101,600 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence, Residential
Year Built1937
HeatingForced Air
CoolingCentral Air
Parking2 Garage spaces
Lot5,320 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence, Residential
Year built1937
Systems
HeatingForced Air
CoolingCentral Air
RoofShingle
ConstructionFrame, Vinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDetached, On Street, Paved, Oversized
Garage2 spaces
BasementFull,Unfinished
Lot5,320 sqft
Location & Tax
Neighborhood61604
Annual tax$2,827
Parcel14/32/228/027
Bathrooms & Fees
Full baths1
Features & details
9 categories of property features
Interior Features
Interior
Ceiling Fan(s)
High Speed Internet
Appliances
Dishwasher
Dryer
Range Hood
Microwave
Range
Refrigerator
Washer
Gas Water Heater
Heating
Forced Air
Cooling
Central Air
Exterior Features
Parking
Detached
On Street
Paved
Oversized
Construction
Frame
Vinyl Siding
Patio & Porch
Porch
Enclosed
Screened
Lot Features
Level
Utilities
Cable Available
Room details
16 rooms detailed
Bedroom1
UpperBedroom2
MainBedroom3
MainOther
MainOther
MainOther
Listing insights
Market data and value estimates
StatusSold
Days on market134
Est. value$130,800
Est. rent$1,630/mo
Tax rate2.49%
Price/sqft$86
On marketOct 9, 2025
PostedOct 9, 2025
Last sold$127,000
MLS updatedNov 30, 2025
Tour days6
Views7
How are the schools in Peoria?
3 schools rated nearby
Location
Peoria, IL, 61604
Price history
9 events
DateEventPrice$/sqftSource
Nov 26, 2025Sold$127,000$86RMLS Alliance as distributed by MLS GRID
Oct 25, 2025Pending Sale$134,500$91RMLS Alliance as distributed by MLS GRID
Oct 16, 2025Price Change$134,500$91RMLS Alliance as distributed by MLS GRID
Oct 9, 2025Listed For Sale$140,000$95RMLS Alliance as distributed by MLS GRID
Sep 25, 2020Sold$79,000$54RMLS Alliance as distributed by MLS GRID
Aug 19, 2020Pending Sale$84,900$58Jim Maloof/REALTOR
Jul 6, 2020Price Change$84,900$58Jim Maloof/REALTOR
Jun 11, 2019Price Change$89,900$61Jim Maloof/REALTOR
Mar 30, 2019Listed For Sale$92,500$63Jim Maloof/REALTOR
Sold$127,000
Nov 26, 2025•$86/sqft•RMLS Alliance as distributed by MLS GRID
Pending Sale$134,500
Oct 25, 2025•$91/sqft•RMLS Alliance as distributed by MLS GRID
Price Change$134,500
Oct 16, 2025•$91/sqft•RMLS Alliance as distributed by MLS GRID
Listed For Sale$140,000
Oct 9, 2025•$95/sqft•RMLS Alliance as distributed by MLS GRID
Sold$79,000
Sep 25, 2020•$54/sqft•RMLS Alliance as distributed by MLS GRID
Pending Sale$84,900
Aug 19, 2020•$58/sqft•Jim Maloof/REALTOR
Price Change$84,900
Jul 6, 2020•$58/sqft•Jim Maloof/REALTOR
Price Change$89,900
Jun 11, 2019•$61/sqft•Jim Maloof/REALTOR
Listed For Sale$92,500
Mar 30, 2019•$63/sqft•Jim Maloof/REALTOR
Tax history
20 years of records
YearTax paidAssessed value
Apr 10, 2024$2,527$33,940
Apr 10, 2023$2,365$31,140
Apr 10, 2022$2,409$30,970
Apr 10, 2021$2,336$29,500
Apr 10, 2020$2,927$29,210
Apr 10, 2019$2,969$29,800
Apr 10, 2018$2,975$30,550
Apr 10, 2017$2,975$30,860
Apr 10, 2016$1,900$30,860
Apr 10, 2015$1,841$30,260
Apr 10, 2014$1,693$29,390
Apr 10, 2013$1,464$29,750
Apr 10, 2011$1,513$31,260
Apr 10, 2010—$33,290
Apr 10, 2009$2,028$33,160
Apr 10, 2008$1,480$32,510
Apr 10, 2007$1,555$27,100
Apr 10, 2006$1,522$26,260
Apr 10, 2005$1,435$25,630
Apr 10, 1998$1,018$18,240
Nearby homes
Neighborhood details
Local context around this listing
Peoria, IL • Peoria County
Nearby neighborhoods
Downtown PeoriaEast BluffNorth ValleyWest Bluff
Nearby cities
BartonvilleChillicotheDunlapEdwardsElmwoodHanna CityPekinPeoria
Nearby zip codes
61602616036160461605616066161461615616256163661655
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Based on information submitted to the MLS GRID as of 2026-04-10 01:23:12 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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