SOLD JUN 8, 2026

Sold on Jun 2026

$344,000

•

3,767

sq ft

7340 W Lancaster Rd, Peoria, IL 61607

Track this home’s value and nearby sales activity

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.

Multi-familyProperty Type

1971Year Built

1.58 acresLot Size

$91Price/Sq.Ft.

4 spacesParking

Listed by Kindra Bruninga • Jim Maloof Realty, Inc.

Listed by • Jim Maloof Realty, Inc.

Contact: Mobile: 309-645-6993

Bought with Lisa Crocker • Keller Williams Premier Realty

Redfin checked: a minute ago

•Source:RMLSA as Distributed by MLS Grid #PA1265678

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

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

1 days MoM

Recently sold homes

2 MoM

Provided by Redfin

Homeowner tools

View owner dashboard

Track your estimate and nearby sale activity

Edit home facts

Review property details and add renovations

Manage photos

Update home photos or make them private

Sale and tax history for 7340 W Lancaster Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$5,668 (−0.9%)

$17,600 + $85,860

$103,460

2024

$5,717 (−1.2%)

$16,450 + $80,240

$96,690

2023

$5,785 (−0.8%)

$15,230 + $74,300

$89,530

2022

$5,832 (−0.5%)

$14,110 + $69,600

$83,710

2021

$5,862 (+6.3%)

$13,570 + $66,920

$80,490

2020

$5,514 (−0.2%)

$13,300 + $65,610

$78,910

2019

$5,526 (+2.5%)

$13,300 + $65,610

$78,910

2018

$5,392 (−3.6%)

$13,300 + $65,590

$78,890

2017

$5,593 (+2.1%)

$13,430 + $66,250

$79,680

2016

$5,480 (−13.8%)

$13,570 + $66,920

$80,490

2013

$6,357

$13,060 + $64,480

$77,540

Public record

Public record
Zoning

Beds

Baths

3.5

Stories

Lot width

—

Lot depth

—

Lot size

1.58 Acres

Year renovated

1971

Sq. Ft.

2,240

Year built

1971

Style

Single Family Residential

County

Peoria County

APN

1733328011

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 19, 2026.

High Density, Multifamily Residential District

The R-3 High Density, Multifamily Residential District is established to provide a variety of residential opportunities at a high density, including single-family detached, single-family attached, two-family, and multifamily housing. Parcels zoned R-3 should have direct access to both public water and sewer service so as to accommodate the denser population, and access to an arterial street to accommodate the increase in traffic generation. As with the R-2 District, parcels in the R-3 District are 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.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Public service
Educational/school
Fire house
Police station
Recreation

Property details

Parking

Parking Information
Parking Total: 4
Parking Features: Attached, Carport, Assigned, Parking Garage

Interior

Heating & Cooling
Cooling: Central Air
Heating: Heating Systems - 2+, Forced Air, Gas Water Heater

Room Information
Basement: Partial, Unfinished, Walk-Out Access

Interior Features
Laundry Features: Common Area, Private

Exterior

Property Type
Property Sub Type: Residential Income

Exterior Features
Roof: Shingle

Property Information
Property Sub Type: Residential Income

Lot Information
Lot Features: Level, Pond/Lake, Sloped, Lake View
Lot Size Acres: 1.58
Lot Size Dimensions: 202 x 95 x 322 x 217 x155
Road Surface Type: Paved

Building Information
Is New Construction: No
Building Area Total: 3767

Financial

Tax Information
Tax Year: 2024
Tax Annual Amount: 5717.08
Tax Legal Description: COUNTRY MEADOWS SUB SW 1/4 SEC 33-8-7E LOT 8 1.5819 AC

Utilities

Utility Information
Water Source: Public, Septic System

Location

Multi-Unit Information
Units: 3

Unit 1 Information
Unit 1 Full Bathrooms: 1
Unit 1 Half Bathrooms: 0
Unit 1 Covered Parking Spaces: 2
Unit 1 Parking Spaces: 2
Unit 1 Uncovered Parking Spaces: 0
Unit 1 Actual Rent: 2000
Unit 1 Type: Unit 1
Unit 1 Bedrooms: 3

Unit 2 Information
Unit 2 Full Bathrooms: 1
Unit 2 Half Bathrooms: 0
Unit 2 Covered Parking Spaces: 1
Unit 2 Parking Spaces: 1
Unit 2 Uncovered Parking Spaces: 0
Unit 2 Actual Rent: 1300
Unit 2 Type: Unit 2
Unit 2 Bedrooms: 2

Unit 3 Information
Unit 3 Full Bathrooms: 1
Unit 3 Half Bathrooms: 0
Unit 3 Covered Parking Spaces: 1
Unit 3 Parking Spaces: 1
Unit 3 Uncovered Parking Spaces: 0
Unit 3 Actual Rent: 650
Unit 3 Type: Unit 3
Unit 3 Bedrooms: 1

School Information
High School: Limestone Comm

Location Information
Directions: Airport Rd. to Lancaster
Subdivision Name: Country Meadows
MLS Area Minor: PAAR Area

Community Information
Laundry Features: Common Area, Private
Units: 3

Public facts

Beds: 6
Baths: 3.5
Sq. Ft.: 2,240
Stories: 1.0
Lot Size: 1.58 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: 1971
County: Peoria County
APN: 1733328011

Home facts updated by county records on Aug 19, 2026

Other

Listing Information
MLS Area Minor: PAAR Area
Standard Status: Closed

Home Information
Building Area Total: 3767
Structure Type: One Story
Year Built: 1971

Around this home

Schools

Limestone Walters Elementary School

Public PreK-8 • Assigned • 2.1mi

6/10

Limestone Community High School

Public 9-12 • Assigned • 1.7mi

2/10

Provided by GreatSchools

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 104° expected this year, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Peoria, IL • 61607

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.1 hours in June and 3.8 hours in December, placing it below the U.S. average for solar exposure.

10.1 hrs

3.8 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Peoria.

Nearby similar homes

$230,000

4 beds2 baths1,648 sq ft

820 W Teton Dr, Peoria, IL 61614

$109,900

4 beds2 baths2,246 sq ft

609 W Armstrong Ave, Peoria, IL 61606

$109,900

5 beds3 baths2,220 sq ft

1003 NE Monroe St, Peoria, IL 61603

$84,500

2 beds1 bath770 sq ft

632 S 4th St, Morton, IL 61550

$249,000

5 beds3 baths2,964 sq ft

1104 S 10th St, Pekin, IL 61554

$145,000

5 beds2 baths2,108 sq ft

1624 W Fredonia Ave, Peoria, IL 61606

Home values near 7340 W Lancaster Rd

Data from public records.

Address	Redfin Estimate
7312 W Lancaster Road, Peoria, IL 2 Beds \| 2 Baths \| 2450 Sq. Ft.	$222,261
7409 W Lancaster Road, Peoria, IL 3 Beds \| 2 Baths \| 1200 Sq. Ft.	$206,027

Address	Redfin Estimate
7401 W Lancaster Road, Peoria, IL 3 Beds \| 1.5 Baths \| 1752 Sq. Ft.	$231,515
7436 W Lancaster Road, Peoria, IL 3 Beds \| 1 Baths \| 1469 Sq. Ft.	$189,189

Address	Redfin Estimate
7324 W Lancaster Road, Peoria, IL 3 Beds \| 1 Baths \| 1396 Sq. Ft.	$188,215
7429 W Lancaster Road, Peoria, IL 2 Beds \| 1.5 Baths \| 1372 Sq. Ft.	$186,289

Property information provided by RMLSA as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

61604 homes for sale
61611 homes for sale
61528 homes for sale
61614 homes for sale
61615 homes for sale

Downtown Peoria homes for sale
Northwest Peoria homes for sale
Detweiller Marina homes for sale
Norwood Park homes for sale
North Peoria homes for sale

Houses for rent in Peoria	Agents near me	Glenview, IL homes for sale	Peoria Housing Market
Houses for sale near me	Chicago, IL homes for sale	Evanston, IL homes for sale
Land for sale near me	Naperville, IL homes for sale	Oak Park, IL homes for sale
Open Houses near me	Schaumburg, IL homes for sale	Peoria Property Records
Condos for sale near me	Arlington Heights, IL homes for sale	IL New Listings