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1516 S Westmoreland Avenue, 
Peoria, IL 61605

$15,000


1

Bed


Bath


504

Sq Ft


Single Family

Active

Listed by

Raul Rodriguez

eXp Realty

888-574-9405

Last updated:

November 21, 2025, 10:12 PM

MLS#

PA1262502

Source:

IL CAAR

About This Home

1516 S Westmoreland Avenue

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.

Home Facts

Single Family

1 Bedroom

Built in 1920

Price Summary

15,000

$29 per Sq. Ft.

MLS #:

PA1262502

Last Updated:

November 21, 2025, 10:12 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Interior

Living Area:

504 Sq. Ft.


Structure

Structure

Building Area:

504 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$15,000

Price per Sq. Ft:

$29 per Sq. Ft.

Source:IL CAAR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.