506 Gift Ave
Peoria, IL 61604
2 bd 1 ba 842 sqft Built 1925 Lot 3,719 sqft single_family
Most recent sale
$92,400
May 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 12, 2022 | Sold | $92,400 | Public Record |
| Apr 1, 2022 | Listed | $89,900 | MLS #PA1232834 |
| Apr 9, 2021 | Sold | $22,000 | RMLSAlliance |
| Mar 29, 2021 | Price changed | $25,000 | MLS #PA1222724 |
| Mar 7, 2021 | Listed | $28,000 | MLS #PA1222724 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $27,740 | $3,670 | $31,410 | $2,244 |
| 2024 | $25,450 | $3,370 | $28,820 | $2,064 |
| 2022 | $22,590 | $2,960 | $25,550 | $1,885 |
| 2021 | $5,270 | $2,820 | $8,090 | $804 |
| 2020 | $8,660 | $2,790 | $11,450 | $1,147 |
| 2019 | $8,840 | $2,850 | $11,690 | $1,165 |
| 2018 | $9,580 | $2,880 | $12,460 | $1,214 |
| 2017 | $9,680 | $2,910 | $12,590 | $1,214 |
| 2016 | $9,680 | $2,910 | $12,590 | $1,373 |
| 2015 | $9,490 | $2,850 | $12,340 | $1,306 |
| 2014 | $8,020 | $2,850 | $10,870 | $1,001 |
| 2013 | $8,120 | $2,880 | $11,000 | $1,001 |
| 2012 | $15,280 | $2,960 | $18,240 | $1,633 |
| 2011 | $15,640 | $3,030 | $18,670 | $1,652 |
| 2010 | $16,500 | $3,160 | $19,660 | $1,728 |
| 2009 | $16,430 | $3,150 | $19,580 | $1,714 |
| 2008 | $17,080 | $3,080 | $20,160 | $1,695 |
| 2007 | — | — | $19,480 | $1,603 |
| 2006 | $14,450 | $3,160 | $17,610 | $1,472 |
Property facts
Year built
1925
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
842 sqft
Lot size
3,719 sqft
ZIP code
61604
City
Peoria
Street
Gift Ave
Coordinates
40.71927, -89.60059
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$554
Gross rental yield
7.19%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Gift Ave last sell?
506 Gift Ave most recently sold on May 12, 2022 for $92,400.
What is the current tax assessment for 506 Gift Ave?
The most recent total assessment for 506 Gift Ave (year 2025) is $31,410 with $2,244 in property tax.
How does 506 Gift Ave's assessment compare to its last sale price?
The current assessment is 66.0% below the last sale price of $92,400.
When was 506 Gift Ave built?
506 Gift Ave was built in 1925.
How does 506 Gift Ave compare to others on Gift Ave?
We track 8 other properties on Gift Ave. Browse the list under "Other properties on Gift Ave" to compare beds, baths, and sale history.
What are the property facts for 506 Gift Ave?
506 Gift Ave is a 2 bed, 1 bath, 842 sqft, 3,719 sqft lot single_family.
Is 506 Gift Ave a flip candidate?
Yes — 506 Gift Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 506 Gift Ave a tax-appeal candidate?
No — 506 Gift Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.0%
Implied 1-yr
-4.0%
2026 Q3
$119.1K
2026 Q4
$117.9K
ZIP 61604 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Gift Ave