5316 W Monroe Rd is a 960 square foot house on a 9,898 square foot lot with 2 bedrooms and 1 bathroom. Based on Redfin's Peoria data, we estimate the home's value is $112,228.
Single-familyProperty Type
1950Year Built
9,898 sq ftLot Size
$117Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$112,228
$4,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13.6% lower than the average sale price ($130K) of 6 comparable homes.
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Earn from this home
Rent
$1,634/mo
Redfin rental estimate
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Market trends in 61607, IL
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
99.5%
0.1% MoM
Median sale price
$185K
$2K MoM
Avg. days on market
7d
1 days MoM
Recently sold homes
48
2 MoM
Provided by Redfin
Sale history for 5316 W Monroe Rd
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$3,305 (+7.3%)
$6,210 + $31,670
$37,880
2024
$3,080 (+5.3%)
$5,800 + $29,600
$35,400
2023
$2,924 (+63.6%)
$5,370 + $27,410
$32,780
2022
$1,788 (+62.2%)
$5,050 + $25,840
$30,890
2021
$1,102 (+3.7%)
$4,860 + $24,850
$29,710
2020
$1,063 (+0.2%)
$4,760 + $24,360
$29,120
2019
$1,060 (−31.9%)
$4,760 + $24,360
$29,120
2018
$1,557 (−4.1%)
$4,760 + $24,350
$29,110
2017
$1,624 (+2.0%)
$4,810 + $24,600
$29,410
2016
$1,593 (+56.9%)
$4,860 + $24,850
$29,710
2013
$1,015
$4,670 + $23,950
$28,620
Tax history for 5316 W Monroe Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,305 (+7.3%)
$6,210 + $31,670
$37,880
2024
$3,080 (+5.3%)
$5,800 + $29,600
$35,400
2023
$2,924 (+63.6%)
$5,370 + $27,410
$32,780
2022
$1,788 (+62.2%)
$5,050 + $25,840
$30,890
2021
$1,102 (+3.7%)
$4,860 + $24,850
$29,710
2020
$1,063 (+0.2%)
$4,760 + $24,360
$29,120
2019
$1,060 (−31.9%)
$4,760 + $24,360
$29,120
2018
$1,557 (−4.1%)
$4,760 + $24,350
$29,110
2017
$1,624 (+2.0%)
$4,810 + $24,600
$29,410
2016
$1,593 (+56.9%)
$4,860 + $24,850
$29,710
2013
$1,015
$4,670 + $23,950
$28,620
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R2
Medium Density Residential District
The R-2 Medium Density Residential District is established to provide a limited selection of residential opportunities at a medium density, including both single-family detached and two-family housing, and to preserve open space and natural features. Parcels in the R-2 District may be served by either individual septic systems or public sewer. It is intended that new development in this district will be at a density capable of being served by urban services such as public water and sewer based on requirements established by the Peoria City and County Health Department. This district is intended to be consistent with the concepts of the urban designation established during the County's land use planning process, adopted in the Peoria County Comprehensive Land Use Plan and shown on the County's Land Use Form map.