Cheap homes for sale & real estate in Downtown Peoria, IL

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ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
2bed/2bath designed condo with River Views. Updated baths and kitchen. Stainless appliances. Built-Ins. Comes with an extra storage unit on separate tax ID. Only 2 units on this floor and laundry. Parking in attached deck. $75 month. HOA covers water and sewer.

$150,000

2 beds2 baths1,145 sq ft

123 SW Jefferson Ave Unit E16 NE, Peoria, IL 61602

Updated baths • Stainless appliances • Extra storage unit

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
2 bed/2bath 4th floor condo located in iconic Twin Towers Place! Floor to ceiling windows. Convenient access to Civic Center events, Peoria museum, the riverfront and all downtown Peoria has to offer. Secure building with doorman. Attached garage parking available for an additional fee. Pets welcome (under 20lbs). Currently tenant occupied. Tenant rights limit photography, 24 hour notice for showings. Package pricing available, please inquire if interested. Previously rented for up to $1100/mo.

$85,000

2 beds2 baths1,080 sq ft

125 SW Jefferson Ave Unit W4W, Peoria, IL 61602

Secure building • Pets welcome • Doorman

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
Enjoy breathtaking sunrises, stunning sunsets, and serene river views right from your living room. Don't miss this incredible opportunity to own a 16th-floor condo in the heart of downtown Peoria! The Living room has built-in multi-purpose bookshelves and recessed lighting, creating a warm and inviting atmosphere. The kitchen boasts updated flooring, stainless steel appliances, and Corian countertops—perfect for both everyday living and entertaining. The primary bedroom includes a spacious walk-in closet with additional shelves for shoes, sweaters, etc. and an attached full bath with a relaxing jetted tub. There is also a second bedroom and full bathroom. In unit washer/dryer. This co

$114,900

2 beds2 baths1,171 sq ft

125 SW Jefferson St, Peoria, IL 61602

Corian countertops • Recessed lighting • Updated flooring

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
The most amazing views of Peoria from the most uniquely designed space! You won't want to miss this full floor 3320sqft 26th floor condo in Twin Towers. Artistically designed with views of the river, bridge, and 360 degrees of Downtown. Updated kitchen with stainless appliances. 3 bedrooms and 2.5 baths. Plenty of storage. Rear half of unit has been an art studio so there are plenty of options for use and redesign. Furnishings available for sale. Special key access opens directly off the elevator into your living space. HOA pays water and sewer service. Conference/entertaining room on the lobby level with patio, grills and seating. Direct access to shops and businesses in Twin Towers Mall.

$269,000

3 beds2.5 baths3,320 sq ft

123 SW Jefferson Ave Unit E26, Peoria, IL 61602

Views of the river • Art studio • Updated kitchen

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
Exclusive Full-Floor Luxury Condo with Breathtaking 360° Views. Experience unparalleled sophistication in this stunning 4-bedroom, 3-bathroom condo, occupying the entire 5th floor of a premier downtown Peoria residence. Offering panoramic skyline views from every angle, this expansive unit blends luxury, comfort, and convenience in one exquisite package. Step into a sprawling open-concept living space bathed in natural light, featuring floor-to-ceiling windows that showcase the vibrant cityscape. The chef’s kitchen is a masterpiece, complete with high-end custom cabinetry, and a spacious island—perfect for entertaining. Generously sized bedrooms, including a lavish primary s

$180,000

4 beds3 baths3,320 sq ft

123 SW Jefferson St Unit E5, Peoria, IL 61602

Chef's kitchen • $1,227 HOA • Garage

Property at 123 SW Jefferson Ave Unit E25A, Peoria, IL 61602, 2 beds, 2.5 baths

$225,000

2 beds2.5 baths2,121 sq ft

123 SW Jefferson Ave Unit E25A, Peoria, IL 61602

Property at 125 SW Jefferson Ave Unit W27SW, Peoria, IL 61602, 2 beds, 2 baths

$275,000

2 beds2 baths1,660 sq ft

125 SW Jefferson Ave Unit W27SW, Peoria, IL 61602

Property at 125 SW Jefferson Ave Unit W20NE(B), Peoria, IL 61602, 2 beds, 2 baths

$162,900

2 beds2 baths1,864 sq ft

125 SW Jefferson Ave Unit W20NE(B), Peoria, IL 61602

— beds— baths6,370 sq ft

330 SW Water St, Peoria, IL 61601

Property at 125 SW Jefferson Ave Unit W6A-W6B1, Peoria, IL 61602, 3 beds, 2 baths

$199,900

3 beds2 baths1,660 sq ft

125 SW Jefferson Ave Unit W6A-W6B1, Peoria, IL 61602

Property at 125 SW Jefferson Ave Unit W14NE, Peoria, IL 61602, 2 beds, 2 baths

$110,000

2 beds2 baths1,199 sq ft

125 SW Jefferson Ave Unit W14NE, Peoria, IL 61602

Property at 123 SW Jefferson Ave Unit E9C, Peoria, IL 61602, 2 beds, 2 baths

$174,900

2 beds2 baths1,135 sq ft

123 SW Jefferson Ave Unit E9C, Peoria, IL 61602

Property at 123 SW Jefferson St Unit E4W, Peoria, IL 61602, 2 beds, 2 baths

$121,999

2 beds2 baths986 sq ft

123 SW Jefferson St Unit E4W, Peoria, IL 61602

Property at 125 SW Jefferson St Unit W-5C, Peoria, IL 61602, 2 beds, 2 baths

$149,900

2 beds2 baths1,101 sq ft

125 SW Jefferson St Unit W-5C, Peoria, IL 61602

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ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
TAKE THE TOUR! TURN-KEY INVESTMENT OPPORTUNITY WITH A LONG-TERM TENANT IN PLACE. THIS PROPERTY PROVIDES CONSISTENT CASH FLOW AND LOW VACANCY RISK. CONVENIENT LOCATION NEAR SCHOOLS, PARKS, AND PUBLIC TRANSIT. PERFECT FOR INVESTORS LOOKING TO ADD A STRONG, INCOME-PRODUCING ASSET TO THEIR PORTFOLIO OR PURCHASE AS PART OF A MULTI-PROPERTY PACKAGE! CURRENTLY RENTED FOR $700 PER MONTH W/ LONG TERM TENANT.

$49,900

3 beds1 bath1,289 sq ft

506 Wayne St, Peoria, IL 61603

3,049 sq ft lot • Built 1900 • Listed 17 days

FOR SALE BY OWNER

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
For Sale: Fixer-Upper in Peoria! Don't miss out on this opportunity to transform a charming property into your dream home or investment! Address: 506 Morgan Bedrooms: 2 Bathrooms: 2 Square Footage: 1064 sqft This home is brimming with potential and just needs a little TLC to shine! Perfect for a savvy fixer and flipper or anyone looking for a project home. Priced to sell FAST! Contact Us for More Info: Jon Olson: jolson@equityandhelp.com | 727-263-3034 Cash Buyers only $500 EMD 7 day inspection 30 day close

$65,000

4 beds1 bath1,064 sq ft

506 Morgan St, Peoria, IL 61603

Built 1920 • Listed 45 days

NEW CONSTRUCTION

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
Welcome to urban luxury at its finest, set in Peoria's vibrant, Warehouse District. This stunning 2-bedroom, 2-bathroom flat is located inside the iconic Chic Manufacturing building, a landmark structure built in 1917 and meticulously reimagined as the exclusive "Chic Flats. " Enjoy unparalleled walkability to all the district has to offer. Stroll to dinner at restaurants, grab a craft cocktail at a local distillery like BLACK BAND, or meet friends at a nearby brewery. Step inside and be captivated by the seamless blend of historic character and modern sophistication. Soaring ceilings and massive custom windows flood the open-concept living space with natural light, highlighting t

$360,000

2 beds2 baths1,323 sq ft

1001 SW Adams St #307, Peoria, IL 61602

Gourmet kitchen • Large island • Large walk-in closet

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
Great Investment Opportunity! Have you been thinking about owning a duplex for extra rental income? Here’s your chance to make it happen! Each unit offers a Living Room, Dining Room, Kitchen, two Bedrooms, and a full Bathroom. One unit also includes basement access for added storage and utility space. Enjoy the front porch for relaxing evenings and a spacious backyard for outdoor activities. While the property needs some work, it has great potential to build equity and generate steady income. Don’t miss out, a little TLC could turn this into a rewarding investment! Call to schedule your showing today! All measurements are approx. & not deemed reliable. This is a Fannie Mae

$59,900

4 beds2 baths2,304 sq ft

818 NE Madison Ave, Peoria, IL 61603

Basement access • Spacious backyard • Front porch

NEW CONSTRUCTION

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
HISTORIC, BEAUTIFUL and OVER A 1000 SQ FT IN THE VIBRANT WAREHOUSE DISTRICT! This spacious 2 bedroom / 2 full bath unit offers, high end luxury finishes, corner views from both bedrooms, primary bedroom has a full private bathroom and walk-in closet, tall ceilings, tall beautiful doors and stunning views! Low HOA Fees that include common area maintenance, snow removal and lawn care provides the opportunity for you to shorten your "Honey-do" list so that you can enjoy the bounty of restaurants, shopping and exploration that the warehouse district offers! Downstairs, the basement common area offers a rough-in for an oversized washer and dryer and even a dedicated pet wash station. A

$299,000

2 beds2 baths1,067 sq ft

1001 SW Adams St #208, Peoria, IL 61602

Walk-in closet • Free parking • Basement common area

NEW CONSTRUCTION

ABOUT THIS HOME
Cheap Home for sale in Downtown Peoria, IL:
chic flats condos THIS BEAUTIFUL BRICK BUILDING HAS BEEN TRANSFORMED INTO THE CHIC CONDOS OFFERING 8+ UNIQUE FLOOR PLAN STYLES AND 22 TOTAL UNITS. THE BEST IN DOWNTOWN LIVING RIGHT AND IN THE NEW AND DYNAMIC GROWING WAREHOUSE DISTRICT. FEATURES INCLUDE ELEVATOR, COVERED SECURED PARKING, SECURE DIGITAL ENTRANCES AND THIS TWO BEDROOM 2 BATH UNIT OFFERS VIEWS OF DOWNTOWN PEORIA, LARGE CEILING HEIGHTS , CUSTOM WINDOWS, DECK, SPACIOUS KITCHEN, AND TILE SHOWERS.

$180,000

1 bed1 bath716 sq ft

1001 SW Adams St #206, Peoria, IL 61602

Total units • Warehouse district • Elevator

Property at 1001 SW Adams St #303, Peoria, IL 61602, 1 bed, 1 bath

$300,000

1 bed1 bath942 sq ft

1001 SW Adams St #303, Peoria, IL 61602

Property at 1001 SW Adams St #207, Peoria, IL 61602, 2 beds, 2 baths

$340,000

2 beds2 baths1,375 sq ft

1001 SW Adams St #207, Peoria, IL 61602

Property at 1001 SW Adams St #202, Peoria, IL 61602, 1 bed, 1.5 baths

$320,000

1 bed1.5 baths971 sq ft

1001 SW Adams St #202, Peoria, IL 61602

Property at 1001 SW Adams St #201, Peoria, IL 61602, 2 beds, 2 baths

$360,000

2 beds2 baths1,389 sq ft

1001 SW Adams St #201, Peoria, IL 61602

Property at 429 W High St, Peoria, IL 61606, 8 beds, 4.5 baths

$225,000

8 beds4.5 baths9,000 sq ft

429 W High St, Peoria, IL 61606

Property at 516 NE Madison Ave, Peoria, IL 61603, 3 beds, 2.5 baths

$155,000

3 beds2.5 baths1,880 sq ft

516 NE Madison Ave, Peoria, IL 61603

Property at 514 NE Madison Ave, Peoria, IL 61603, 2 beds, 1.5 baths

$175,000

2 beds1.5 baths1,880 sq ft

514 NE Madison Ave, Peoria, IL 61603

Property at 1001 SW Adams St #102, Peoria, IL 61602, 1 bed, 2 baths

$289,000

1 bed2 baths971 sq ft

1001 SW Adams St #102, Peoria, IL 61602

Property at 1001 SW Adams St #101, Peoria, IL 61602, 1 bed, 1 bath

$260,000

1 bed1 bath940 sq ft

1001 SW Adams St #101, Peoria, IL 61602

Based on information submitted to the MLS GRID as of Tue Dec 23 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in Downtown Peoria

There are currently 14 cheap homes for sale in Downtown Peoria at a median listing price of $163K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Downtown Peoria stay on the market for 51 days. Popular neighborhoods include South Peoria, Downtown East Peoria, Uplands, West Bluff, and Central Peoria. This map is refreshed with the newest listings in Downtown Peoria every 15 minutes.

In the past month, 2 homes have been sold in Downtown Peoria. In addition to houses in Downtown Peoria, there were also 13 condos, 1 townhouse, and 1 multi-family unit for sale in Downtown Peoria last month. Find your dream home in Downtown Peoria using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Downtown Peoria are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Downtown Peoria. If you're looking to sell your home in the Downtown Peoria area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Downtown Peoria with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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