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7340 W Lancaster Road, 
Peoria, IL 61607

$344,000


Bed


Bath


3,767

Sq Ft


Multi-Family

Active

Listed by

Kindra Bruninga

Jared O Brien

Jim Maloof Realty, Inc.

309-697-3900

Last updated:

May 24, 2026, 02:19 PM

MLS#

PA1265678

Source:

IL CAAR

About This Home

7340 W Lancaster Road

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.

Home Facts

Multi-Family

Built in 1971

Price Summary

344,000

$91 per Sq. Ft.

MLS #:

PA1265678

Last Updated:

May 24, 2026, 02:19 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

3,767 Sq. Ft.


Structure

Structure

Building Area:

3,767 Sq. Ft.

Year Built:

1971


Lot

Lot Size (Sq. Ft):

68,824


Finances & Disclosures

Finances

Price:

$344,000

Price per Sq. Ft:

$91 per Sq. Ft.

Source:IL CAAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.