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

$384,095

$40K since sold in June 2026$22K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 6.2% lower than the average sale price ($410K) of 6 comparable homes.

SOLD OCT 6, 2026
$435,000
A
4 beds3 baths3,794 sq ft
8321 W Coyote Creek Dr, Peoria, IL 61607
SOLD JUN 8, 2026
$340,900
B
4 beds2.5 baths2,880 sq ft
6820 W Pfeiffer Rd, Peoria, IL 61607
SOLD MAY 1, 2026
$288,000
C
3 beds3 baths2,429 sq ft
9320 W Lake Camelot Dr, Mapleton, IL 61547
SOLD AUG 19, 2026
$479,000
D
4 beds3.5 baths4,696 sq ft
6918 W Saddlebrook Dr, Mapleton, IL 61547
SOLD MAY 15, 2026
$515,000
E
4 beds4 baths3,299 sq ft
9517 W Whittingham Pt, Mapleton, IL 61547
SOLD MAY 15, 2026
$400,000
F
4 beds2.5 baths3,117 sq ft
5220 S Acre Rd, Mapleton, IL 61547

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Market trends in 61607, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.8%

0.5% MoM

Median sale price

$170K

$35K MoM

Avg. days on market

24d

14 days MoM

Recently sold homes

3 MoM

New listings for sale

COMING SOON
$238,000
3 beds1.5 baths1,826 sq ft
5624 W Custer Ct, Peoria, IL 61607
$240,000
5 beds4 baths2,646 sq ft
916 Desoto Dr, Bartonville, IL 61607
$140,000
4 beds1.5 baths1,313 sq ft
4907 W Linda Curv, Peoria, IL 61607
$330,000
3 beds3 baths1,521 sq ft
405 Hampton Cv, Peoria, IL 61607
$125,000
3 beds1 bath1,117 sq ft
7706 S Jefferson St, Bartonville, IL 61607
COMING SOON
$200,000
4 beds1.5 baths2,420 sq ft
4906 S Alaska Rd, Peoria, IL 61607
See all

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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 Oct 12, 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 Oct 12, 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

Estimated sale price

$365,000 – $442,000

Sell confidently with a local market expert in Peoria.

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New listings for sale in 61607

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COMING SOON

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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.	$219,810
7409 W Lancaster Road, Peoria, IL 3 Beds \| 2 Baths \| 1200 Sq. Ft.	$205,486

Address	Redfin Estimate
7401 W Lancaster Road, Peoria, IL 3 Beds \| 1.5 Baths \| 1752 Sq. Ft.	$236,194
7436 W Lancaster Road, Peoria, IL 3 Beds \| 1 Baths \| 1469 Sq. Ft.	$187,227

Address	Redfin Estimate
7324 W Lancaster Road, Peoria, IL 3 Beds \| 1 Baths \| 1396 Sq. Ft.	$186,669
7429 W Lancaster Road, Peoria, IL 2 Beds \| 1.5 Baths \| 1372 Sq. Ft.	$188,739

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

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