5401 W Monroe Rd is a 1,032 square foot house on a 0.38 acre lot with 3 bedrooms and 1.5 bathrooms. Based on Redfin's Peoria data, we estimate the home's value is $132,675.
Single-familyProperty Type
1950Year Built
0.38 acresLot Size
$129Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$132,675
$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.1% lower than the average sale price ($166K) of 6 comparable homes.
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Earn from this home
Rent
$1,891/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 5401 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
$2,808 (+8.7%)
$6,690 + $31,490
$38,180
2024
$2,583 (+31.3%)
$6,250 + $29,430
$35,680
2023
$1,966 (+3.8%)
$5,790 + $27,250
$33,040
2022
$1,895 (+8.5%)
$5,440 + $26,640
$32,080
2021
$1,746 (+3.7%)
$5,230 + $25,620
$30,850
2020
$1,684 (+0.2%)
$5,130 + $25,120
$30,250
2019
$1,680 (+1.5%)
$5,130 + $25,120
$30,250
2018
$1,655 (−4.0%)
$5,130 + $25,110
$30,240
2017
$1,724 (+2.0%)
$5,180 + $25,360
$30,540
2016
$1,690 (−14.7%)
$5,230 + $25,620
$30,850
2013
$1,982
$5,040 + $24,680
$29,720
Tax history for 5401 W Monroe Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,808 (+8.7%)
$6,690 + $31,490
$38,180
2024
$2,583 (+31.3%)
$6,250 + $29,430
$35,680
2023
$1,966 (+3.8%)
$5,790 + $27,250
$33,040
2022
$1,895 (+8.5%)
$5,440 + $26,640
$32,080
2021
$1,746 (+3.7%)
$5,230 + $25,620
$30,850
2020
$1,684 (+0.2%)
$5,130 + $25,120
$30,250
2019
$1,680 (+1.5%)
$5,130 + $25,120
$30,250
2018
$1,655 (−4.0%)
$5,130 + $25,110
$30,240
2017
$1,724 (+2.0%)
$5,180 + $25,360
$30,540
2016
$1,690 (−14.7%)
$5,230 + $25,620
$30,850
2013
$1,982
$5,040 + $24,680
$29,720
*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.