This home's estimate is 2.6% lower than the average sale price ($171K) of 6 comparable homes.
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480 Matheny Rd, East Peoria, IL 61611
About this home
Unlimited possibilities with this rare old 7000 sqft school house on 1 acre. Located privately on the bike trail, this building would be perfect to make your dream home, a bed & breakfast, or anything else your heart desires. Old Glendale school with cathedral ceiling in the 74'x25' great room, original hard wood floors, slate chalkboards, 2 staircases, 10 foot ceilings in bedrooms, 10 burner working stove, and church pews with a lot of major updates done. Newer roof, windows, a/c (condenser unit missing), furnaces, plumbing, water heater, well pump, septic, mostly updated electrical. Attic could be finished to add additional sqft. Plumbing under 1 room on main level that could be finished as additional bath off bedroom. Dry basement ready to be remodeled. Circle Drive with beautiful flat, wooded yard next to creek. Lots of work needed as some of the home has been stripped down to the studs. Don't miss your chance to own a piece of history!

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Market trends in 61611, IL
Last updated August 2026
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Sale history for 480 Matheny Rd
$17/sq ft
$18/sq ft
Tax history for 480 Matheny Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Has Garage: Yes
- Garage Spaces: 1
- Parking Features: Attached, Paved
Interior
- Bedroom Information
- Bedrooms (Total): 3
- Bathroom Information
- Bathrooms (Full): 1
- Bathrooms (Half): 2
- Room 1 Information
- Room 1 Full Bathrooms: 1
- Room 1 Half Bathrooms: 0
- Room 1 Area: 3596
- Room 1 Area Units: Feet.Inches
- Room 1 Type: Main Level
- Room 2 Information
- Room 2 Full Bathrooms: 0
- Room 2 Half Bathrooms: 0
- Room 2 Type: Upper Level
- Room 3 Information
- Room 3 Full Bathrooms: 0
- Room 3 Half Bathrooms: 0
- Room 3 Area Units: Feet.Inches
- Room 3 Type: Lower Level
- Room 4 Information
- Room 4 Full Bathrooms: 0
- Room 4 Half Bathrooms: 2
- Room 4 Area Units: Feet.Inches
- Room 4 Type: Basement
- Room 5 Information
- Room 5 Full Bathrooms: 0
- Room 5 Half Bathrooms: 0
- Room 5 Area Units: Feet.Inches
- Room 5 Type: Additional Level
- Room 6 Information
- Room 6 Egress Window: Yes
- Room 6 Flooring: Hardwood
- Room 6 Length: 13.07
- Room 6 Level: Main
- Room 6 Type: Bedroom 1
- Room 6 Width: 14.08
- Room 7 Information
- Room 7 Egress Window: Yes
- Room 7 Flooring: Hardwood
- Room 7 Length: 13.08
- Room 7 Level: Main
- Room 7 Type: Bedroom 2
- Room 7 Width: 15
- Room 8 Information
- Room 8 Egress Window: Yes
- Room 8 Flooring: Hardwood
- Room 8 Length: 12.08
- Room 8 Level: Main
- Room 8 Type: Bedroom 3
- Room 8 Width: 19.08
- Room 9 Information
- Room 9 Flooring: Hardwood
- Room 9 Length: 25.03
- Room 9 Level: Main
- Room 9 Type: Living Room
- Room 9 Width: 18.11
- Room 10 Information
- Room 10 Flooring: Other
- Room 10 Length: 29.04
- Room 10 Level: Basement
- Room 10 Type: Family Room
- Room 10 Width: 22.04
- Room 11 Information
- Room 11 Flooring: Hardwood
- Room 11 Length: 54.06
- Room 11 Level: Main
- Room 11 Type: Great Room
- Room 11 Width: 25.03
- Room 12 Information
- Room 12Flooring: Hardwood
- Room 12 Length: 19.08
- Room 12 Level: Main
- Room 12 Type: Dining Room
- Room 12 Width: 11.04
- Room 13 Information
- Room 13 Flooring: Hardwood
- Room 13 Length: 12.05
- Room 13 Level: Main
- Room 13 Type: Dining Room
- Room 13 Width: 19.08
- Room 14 Information
- Room 14 Flooring: Other
- Room 14 Length: 12.04
- Room 14 Level: Main
- Room 14 Type: Kitchen
- Room 14 Width: 5.11
- Room 15 Information
- Room 15 Flooring: Other
- Room 15 Length: 14.11
- Room 15 Level: Basement
- Room 15 Type: Office
- Room 15 Width: 25.04
- Room 16 Information
- Room 16 Flooring: Other
- Room 16 Length: 23.1
- Room 16 Level: Basement
- Room 16 Type: Recreation Room
- Room 16 Width: 17.03
- Room 17 Information
- Room 17 Flooring: Vinyl
- Room 17 Level: Main
- Room 17 Type: Laundry
- Room 18 Information
- Room 18 Flooring: Other
- Room 18 Length: 21.05
- Room 18 Level: Basement
- Room 18 Type: Additional Room
- Room 18 Width: 13.08
- Room 19 Information
- Room 19 Flooring: Other
- Room 19 Length: 16
- Room 19 Level: Basement
- Room 19 Type: Additional Room 2
- Room 19 Width: 13.02
- Heating & Cooling
- Cooling: Central Air
- Heating: Heating Systems - 2+, Forced Air, Gas Water Heater
- Interior Features
- In-Law Floorplan
- Appliances: Microwave, Refrigerator
- Fireplaces Total: 0
Exterior
- Property Type
- Property Sub Type: Single Family Residence
- Exterior Features
- Roof: Shingle
- Property Information
- Property Sub Type: Single Family Residence
- Zoning: Residential
- Lot Information
- Lot Features: Level, Wooded, Creek
- Lot Size Acres: 1.1
- Lot Size Dimensions: 1.1acres
- Road Surface Type: Paved
- Zoning: Residential
- Building Information
- Is New Construction: No
- Building Area Total: 3596
Financial
- Tax Information
- Tax Year: 2019
- Tax Annual Amount: 185.66
- Tax Legal Description: SEC 3 Y25N R4W PT OF S 1/2 OF E 1/2 OF NE 1/4
Utilities
- Utility Information
- Water Source: Septic System
Location
- School Information
- High School: East Peoria Comm
- Location Information
- Directions: Pinecrest to Matheny or Bloomington Rd to Matheny
- Subdivision Name: None
- MLS Area Minor: PAAR Area
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 4,796
- Stories: 1.0
- Lot Size: 1.1 acres
- Style: Single Family Residential
- Year Built: 1960
- Year Renovated: —
- County: Tazewell County
- APN: 050503213006
Other
- Listing Information
- MLS Area Minor: PAAR Area
- Standard Status: Closed
- Home Information
- Living Area: 3596
- Building Area Total: 3596
- Year Built: 1960
Around this home
Schools
Public K-2 • Assigned • 1.1mi
Public 6-8 • Assigned • 2.2mi
Public 9-12 • Assigned • 1.8mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 104° expected this year, 18 days in 30 years
1% chance of strong winds in next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 10.2 hours in June and 3.8 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 61611
Home values near 480 Matheny Rd
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2544 Sq. Ft. | $260,890 |
2 Beds | 1 Baths | 1538 Sq. Ft. | $148,679 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 1.5 Baths | 2216 Sq. Ft. | $354,400 |
3 Beds | 1.5 Baths | 2140 Sq. Ft. | $206,904 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1008 Sq. Ft. | $149,769 |
3 Beds | 1.5 Baths | 1307 Sq. Ft. | $186,835 |
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