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Peoria, IL, 61605 • 61605 • Peoria County
$24/sqft
-$3,000 since Jan 16, 2026
Down payment assistance available
1Beds
1Baths
504Sqft
0.29 acLot
1920Built
Other Style
Built 1920 · 106 years of history
South
61605
This home is getting attention
Listed 138 days ago · 290 views · 10 saves
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
This home ranks in the top 36% of listings most likely to go under contract soon, based on market activity and demand signals.
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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.
Based on current rates
Est. 6.75% rate · 30yr fixed · $9,600 loan
Full calculator →Key facts and listing details
4 categories of property features
8 rooms detailed
Bedroom1
MainOther
Additional Level
Kitchen
MainLower Level
Main Level
Market data and value estimates
2 schools rated nearby
Peoria, IL, 61605
10 events
16 years of records
Local context around this listing
Peoria, IL • Peoria County
Nearby neighborhoods
Nearby cities
Nearby zip codes
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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