For Sale264d on marketHistoric · 106 yrs
516 NE Madison Ave
Peoria, IL, 61603 • North Valley • Peoria County
$149,900
$80/sqft
-$5,100 since Feb 3, 2026
Down payment assistance available
3Beds
3Baths
1,880Sqft
0.07 acLot
1920Built
Property DNA
Character Home
Built 1920 · 106 years of history
Flanagan
North Valley
This home is getting attention
Listed 264 days ago · 548 views · 16 saves
Market activity
Demand and pricing signals for this listing
548 views
People checking out this listing
16 saves
Buyers have saved this home
264 days on market
Established listing
$80/sqft
Price per square foot
About this home
Single Family · Built 1920 · Historic
All brick single 3bed / 2.5 bath home close to Downtown and Hospitals. Currently rented single family. Can be purchased as a package with other properties or sold individually. Lots of historic character and charm.
Estimated monthly payment
Based on current rates
$988/month
Principal & Interest$788
Property Tax$150
Insurance$50
Down payment20% ($29,980)
3%50%
Est. 6.88% rate · 30yr fixed · $119,920 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence, Residential
Year Built1920
HeatingForced Air
CoolingCentral Air
ParkingOpen Parking
Lot3,049 sqft
Days on Zillow264 Days
Price/sqft$80
Property
Home typeSingle Family
Sub-typeSingle Family Residence, Residential
Year built1920
Systems
HeatingForced Air
CoolingCentral Air
RoofShingle
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Street
BasementFull
Lot3,049 sqft
Location & Tax
NeighborhoodNorth Valley
Annual tax$2,094
Parcel18/04/483/007
Bathrooms & Fees
Full baths2
Features & details
5 categories of property features
Interior Features
Heating
Forced Air
Cooling
Central Air
Exterior Features
Parking
On Street
Construction
Brick
Lot Features
Level
Room details
10 rooms detailed
Bedroom1
UpperBedroom2
UpperBedroom3
UpperOther
0
Additional Level
Kitchen
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market264
Est. rent$1,994/mo
Tax rate2.49%
Price/sqft$80
On marketJul 18, 2025
PostedJul 18, 2025
Last sold$50,000
MLS updatedMar 14, 2026
Tour days9
Views548
Favorites16
How are the schools in Peoria?
2 schools rated nearby
Location
Peoria, IL, 61603
Price history
10 events
DateEventPrice$/sqftSource
Feb 3, 2026Price Change$149,900$80RMLS Alliance as distributed by MLS GRID
Jul 18, 2025Listed For Sale$155,000$82RMLS Alliance as distributed by MLS GRID
Mar 24, 2021Listing Removed——Owner
Jun 11, 2019Listing Removed$1,200$1Owner
Apr 28, 2019Listed For Rent$1,200$1Owner
Mar 8, 2019Listing Removed$1,200$1Owner
Sep 21, 2018Listed For Rent$1,200$1Owner
May 4, 2018Listing Removed$1,200$1Owner
Apr 21, 2018Listed For Rent$1,200$1Owner
Apr 25, 2003Sold$50,000$27Agent Provided
Price Change$149,900
Feb 3, 2026•$80/sqft•RMLS Alliance as distributed by MLS GRID
Listed For Sale$155,000
Jul 18, 2025•$82/sqft•RMLS Alliance as distributed by MLS GRID
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$1,200
Jun 11, 2019•$1/sqft•Owner
Listed For Rent$1,200
Apr 28, 2019•$1/sqft•Owner
Listing Removed$1,200
Mar 8, 2019•$1/sqft•Owner
Listed For Rent$1,200
Sep 21, 2018•$1/sqft•Owner
Listing Removed$1,200
May 4, 2018•$1/sqft•Owner
Listed For Rent$1,200
Apr 21, 2018•$1/sqft•Owner
Sold$50,000
Apr 25, 2003•$27/sqft•Agent Provided
Tax history
14 years of records
YearTax paidAssessed value
Apr 8, 2024$1,795$19,840
Apr 8, 2023$1,712$18,200
Apr 8, 2022$1,436$14,890
Apr 8, 2021$1,410$14,180
Apr 8, 2020$1,407$14,040
Apr 8, 2019$1,427$14,320
Apr 8, 2018$1,160$11,910
Apr 8, 2017$1,160$12,030
Apr 8, 2016$1,151$12,030
Apr 8, 2015$1,127$11,790
Apr 8, 2014$1,139$12,370
Apr 8, 2013$1,139$12,520
Apr 8, 2010—$13,810
Apr 8, 1998$485$6,070
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 2026-04-08 01:37:49 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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