7340 W LANCASTER RD, Peoria, IL 61607
7340 W LANCASTER RD, Peoria, IL 61607
7340 W LANCASTER RD, Peoria, IL 61607
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Janet Arns

Janet Arns

+1(217) 617-0751
Listed by KindraM Bruninga • Jim Maloof Realty, Inc.
$344,000
Est. payment /mo
3,767 SqFt
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,767 sqft

Price per Sqft $91

Subdivision Country Meadows

MLS Listing ID PA1265678

Year Built 1971

Annual Tax Amount $5,717

Tax Year 2024

Lot Size 1.580 Acres

Acres 1.58

Lot Dimensions 202 x 95 x 322 x 217 x155

Property Sub-Type Residential Income

Source rmlsa

Property Description

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.

Location

State IL

County Peoria

Area Paar Area

Direction Airport Rd. to Lancaster

Rooms

Basement Partial, Unfinished, Walk-Out Access

Interior

Heating Heating Systems - 2+, Forced Air, Natural Gas, Gas Water Heater

Cooling Zoned, Central Air

Fireplace N

Laundry Common Area, Private

Exterior

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 4

Garage 1

Building

Lot Description Lake View, Pond/Lake, Level, Sloped

Faces Airport Rd. to Lancaster

Unit Features [{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":2000,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"2\",\"UnitTypeKey\":\"RMA1412582Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":1300,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"1\",\"UnitTypeKey\":\"RMA1412582Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":650,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"1\",\"UnitTypeKey\":\"RMA1412582Group_3\"}]

Foundation Block

Water Public, Septic System

Structure Type Brick Partial,Vinyl Siding

New Construction false

Schools

High Schools Limestone Comm

Others

Tax ID 17-33-328-011

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Janet Arns

Janet Arns

+1(217) 617-0751

Broker | License ID: 475 130570

Broker License ID: 475 130570

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