1516 Lake Ave
Peoria, IL 61614
2 bd 2 ba 2,385 sqft Built 1968 Lot 21,344 sqft single_family
Most recent sale
$68,000
Jan 31, 2003
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2022 | Sold | $80,000 | RMLSAlliance |
| Sep 12, 2022 | Listed | $89,900 | MLS #PA1237580 |
| Jan 31, 2003 | Sold | $68,000 | Public Record |
| Dec 26, 1997 | Sold | $73,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $35,820 | $8,270 | $44,090 | $3,894 |
| 2024 | $32,860 | $7,590 | $40,450 | $3,658 |
| 2022 | $29,370 | $8,980 | $38,350 | $3,120 |
| 2021 | $27,970 | $8,550 | $36,520 | $3,034 |
| 2020 | $27,690 | $8,470 | $36,160 | $3,022 |
| 2019 | $28,250 | $8,640 | $36,890 | $3,077 |
| 2018 | $28,050 | $8,720 | $36,770 | $2,997 |
| 2017 | $28,330 | $8,810 | $37,140 | $3,002 |
| 2016 | $28,330 | $8,810 | $37,140 | $3,148 |
| 2015 | $27,770 | $8,640 | $36,410 | $3,033 |
| 2014 | $25,740 | $9,200 | $34,940 | $2,664 |
| 2013 | $26,050 | $9,310 | $35,360 | $2,670 |
| 2012 | $26,750 | $9,560 | $36,310 | $2,714 |
| 2011 | $27,380 | $9,780 | $37,160 | $2,757 |
| 2010 | $23,690 | $10,210 | $33,900 | $2,452 |
| 2009 | $23,600 | $10,170 | $33,770 | $2,431 |
| 2008 | $23,140 | $9,970 | $33,110 | $2,321 |
| 2007 | — | — | $26,210 | $2,156 |
| 2006 | $29,250 | $2,900 | $32,150 | $2,687 |
Property facts
Year built
1968
Property type
single_family
Stories
—
Beds
2
Baths
2
Living area
2,385 sqft
Lot size
21,344 sqft
ZIP code
61614
City
Peoria
Street
Lake Ave
Coordinates
40.73877, -89.56969
Comparable properties nearby
Frequently asked questions
When did 1516 Lake Ave last sell?
1516 Lake Ave most recently sold on Jan 31, 2003 for $68,000.
What is the current tax assessment for 1516 Lake Ave?
The most recent total assessment for 1516 Lake Ave (year 2025) is $44,090 with $3,894 in property tax.
How does 1516 Lake Ave's assessment compare to its last sale price?
The current assessment is 35.2% below the last sale price of $68,000.
When was 1516 Lake Ave built?
1516 Lake Ave was built in 1968.
How does 1516 Lake Ave compare to others on Lake Ave?
We track 8 other properties on Lake Ave. Browse the list under "Other properties on Lake Ave" to compare beds, baths, and sale history.
What are the property facts for 1516 Lake Ave?
1516 Lake Ave is a 2 bed, 2 bath, 2,385 sqft, 21,344 sqft lot single_family.
Is 1516 Lake Ave a flip candidate?
No — 1516 Lake Ave does not appear in our flips dataset.
Is 1516 Lake Ave a tax-appeal candidate?
No — 1516 Lake 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
+1.3%
Implied 1-yr
+5.3%
2026 Q3
$249.3K
2026 Q4
$252.3K
ZIP 61614 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake Ave