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1516 S Westmoreland Avenue, Peoria, IL 61605

$15,000

1 bed | 504 sq ft
MLS# 1262502
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Welcome to 1516 S Westmoreland Ave — a unique opportunity with tons of potential.

This small home features a dry basement and sits on a large, chain-link–fenced lot, offering plenty of room for expansion or future development. With its spacious land, the property serves as a true blank canvas: build your dream home on the lot while keeping the existing structure as a guest house, visitors’ unit, or future rental. The home itself is a manageable size, making it a great option for someone looking to get back on their feet or anyone wanting an affordable place they can improve over time. It does need some sweat equity, but the fundamentals are in place and the upside is clear. The owner may consider owner financing through a Contract for Deed for buyers able to provide a strong down payment. A versatile property with multiple paths to added value—don’t miss this one.

Property Details

City
Peoria
County
Peoria
Subdivision
South
Schools
  • Manual
Type
Residential
Garage
  • Gravel
New Construction
No
Bedrooms
1
Square Ft.
504
Livable Square Ft.
504
Acres
0.29
Apx Lot Size
.29 acres
Year Built
1920

Room Levels & Sizes

BsmtLowMainUppAddlTot
Full Baths000000
Half Baths000000
BsmtLowMainUppAddl
Bedroom 18x8
Kitchen83x8
Third Floor

Features

Roofing
  • Shingle
Garage/Parking
  • Gravel
Heating/Cooling
  • Forced Air
Kitchen/Dining
  • Eat-In Kitchen

Financials

2024 Taxes
659.49
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of eXp Realty, Raul Rodriguez, as of 11/21/2025 14:45pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.