Pending138d on marketHistoric · 106 yrs
1516 S Westmoreland Ave
Peoria, IL, 61605 • 61605 • Peoria County
$12,000
$24/sqft
-$3,000 since Jan 16, 2026
Down payment assistance available
1Beds
1Baths
504Sqft
0.29 acLot
1920Built
Property DNA
Other Style
Built 1920 · 106 years of history
South
61605
This home is getting attention
Listed 138 days ago · 290 views · 10 saves
Market activity
Demand and pricing signals for this listing
290 views
People checking out this listing
10 saves
Buyers have saved this home
138 days on market
Established listing
$24/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 36% 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 1920 · Historic
Welcome to 1516 S Westmoreland Ave — a unique opportunity with tons of potential. This small home features a dry basement and sits on a large, chain-link–fenced lot, offering plenty of room for expansion or future development. With its spacious land, the property serves as a true blank canvas: build your dream home on the lot while keeping the existing structure as a guest house, visitors’ unit, or future rental. 0.29 Acres!!! The most affordable large plot of land in Peoria, IL, at the time of listing + a 1/1 house already in place. The home itself is a manageable size, making it a great option for someone looking to get back on their feet or anyone wanting an affordable place they can improve over time. It does need some sweat equity, but the fundamentals are in place and the upside is clear. The owner may consider owner financing through a Contract for Deed for buyers able to provide a strong down payment. (Present your best CFD offer - Seller will only consider CFD if at over asking price, asking price is for cash offers) A versatile property with multiple paths to added value—don’t miss this one.
Standout features identified
Our analysis highlights dry basement and spacious land as key attractions of this home.
Estimated monthly payment
Based on current rates
$78/month
Principal & Interest$62
Property Tax$12
Insurance$4
Down payment20% ($2,400)
3%50%
Est. 6.75% rate · 30yr fixed · $9,600 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence, Residential
Year Built1920
HeatingForced Air
ParkingGravel
Lot0.29 Acres
Days on Zillow138 Days
Price/sqft$24
Property
Home typeSingle Family
Sub-typeSingle Family Residence, Residential
StyleOther
Year built1920
Systems
HeatingForced Air
RoofShingle
ConstructionVinyl Siding
Parking & Outdoor
ParkingGravel
BasementUnfinished
Lot0.29 Acres
Location & Tax
Neighborhood61605
Annual tax$659
Parcel18/18/408/029
Bathrooms & Fees
Full baths1
Features & details
4 categories of property features
Interior Features
Heating
Forced Air
Exterior Features
Parking
Gravel
Construction
Vinyl Siding
Lot Features
Extra Lot
Room details
8 rooms detailed
Bedroom1
MainOther
Additional Level
Kitchen
MainLower Level
Main Level
504 sqft
Listing insights
Market data and value estimates
StatusPending
Days on market138
Est. rent$738/mo
Tax rate2.49%
Price/sqft$24
On marketNov 21, 2025
PostedNov 21, 2025
Last sold$17,500
MLS updatedMar 21, 2026
Tour days6
Views290
Favorites10
How are the schools in Peoria?
2 schools rated nearby
Location
Peoria, IL, 61605
Price history
10 events
DateEventPrice$/sqftSource
Mar 21, 2026Pending Sale$12,000$24RMLS Alliance as distributed by MLS GRID
Feb 5, 2026Listing Removed$349$1Zillow Rentals
Jan 16, 2026Price Change$12,000$24RMLS Alliance as distributed by MLS GRID
Jan 15, 2026Listed For Rent$349$1Zillow Rentals
Dec 26, 2025Listing Removed$299$1Zillow Rentals
Nov 21, 2025Listed For Sale$15,000$30RMLS Alliance as distributed by MLS GRID
Nov 2, 2025Price Change$299$1Zillow Rentals
Oct 21, 2025Listed For Rent$699$1Zillow Rentals
Sep 18, 2025Sold$17,500$35Public Record
Feb 17, 2005Sold$6,500$13Public Record
Pending Sale$12,000
Mar 21, 2026•$24/sqft•RMLS Alliance as distributed by MLS GRID
Listing Removed$349
Feb 5, 2026•$1/sqft•Zillow Rentals
Price Change$12,000
Jan 16, 2026•$24/sqft•RMLS Alliance as distributed by MLS GRID
Listed For Rent$349
Jan 15, 2026•$1/sqft•Zillow Rentals
Listing Removed$299
Dec 26, 2025•$1/sqft•Zillow Rentals
Listed For Sale$15,000
Nov 21, 2025•$30/sqft•RMLS Alliance as distributed by MLS GRID
Price Change$299
Nov 2, 2025•$1/sqft•Zillow Rentals
Listed For Rent$699
Oct 21, 2025•$1/sqft•Zillow Rentals
Sold$17,500
Sep 18, 2025•$35/sqft•Public Record
Sold$6,500
Feb 17, 2005•$13/sqft•Public Record
Tax history
16 years of records
YearTax paidAssessed value
Apr 8, 2024$355$4,260
Apr 8, 2023$368$3,910
Apr 8, 2022$300$3,110
Apr 8, 2021$95$2,960
Apr 8, 2020$294$2,930
Apr 8, 2019$82$2,820
Apr 8, 2018$282$3,080
Apr 8, 2017$280$3,110
Apr 8, 2016$278$3,110
Apr 8, 2015$292$3,050
Apr 8, 2014$312$3,390
Apr 8, 2013$312$3,430
Apr 8, 2011$319$3,600
Apr 8, 2010—$4,570
Apr 8, 2005$236$4,490
Apr 8, 1998$173$2,170
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
Based on information submitted to the MLS GRID as of 2026-04-08 13:23:22 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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