7340 W Lancaster Road, Peoria, IL 61607
Local realty services provided by:CENTURY 21 House of Realty, Inc.
7340 W Lancaster Road,Peoria, IL 61607
$344,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: kindra bruninga, jared o brien
Office: jim maloof realty, inc.
MLS#:PA1265678
Source:IL_CAAR
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Price summary
- Price:$344,000
About this home
Rare opportunity to own a three-unit multifamily property on 1.58 scenic acres overlooking a beautiful 1+ acre stocked pond in a peaceful rural Peoria County setting. This unique investment opportunity offers flexible living space, serene surroundings, and picturesque views. The main level features 2,204 square feet and includes two units. Unit 1 offers approximately 1,527 square feet with 3 bedrooms and 1 bath, and has been tastefully updated in 2025 with a renovated kitchen, updated bathroom, and new flooring. This unit also features in-unit laundry, a recently refinished deck with beautiful pond views, and reserved garage and carport spaces. Unit 3 offers 713 square feet with 1 bedroom and 1 bath, highlighted by large kitchen windows that showcase the scenic setting, and also includes a reserved carport space. Unit 2 is located in the lower level and offers approximately 1,527 square feet with 2 bedrooms and 2 baths, along with one garage space. Units 2 and 3 share a laundry area located in the garage. Zoned R-3, this property may offer additional expansion potential. The stocked pond is home to channel catfish, bluegill, and largemouth bass, adding even more charm and appeal. Additional highlights include a roof replaced in 2017, new deck boards in 2025, a 2-stall garage, and a 20' x 25' carport. Whether you are looking to expand your portfolio or step into a truly special income-producing property, this is an exceptional opportunity....
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Home facts
- Year built:1971
- Listing ID #:PA1265678
- Added:55 day(s) ago
- Updated:June 12, 2026 at 03:23 AM
Rooms and interior
- Basement:Yes
- Basement Description:Partial, Unfinished, Walk-Out Access
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas Water Heater, Heating Systems - 2+
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1971
- Construction Materials:Brick Partial, Vinyl Siding
- Foundation Description:Block
Schools
- High school:Limestone Comm
Utilities
- Water:Public
Finances and disclosures
- Price:$344,000
- Tax amount:$5,717 (2024)
Parking
- Total parking spaces:4
- Parking description:Assigned, Attached, Carport, Parking Garage
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