513 Melbourne Ave
Peoria, IL 61603
3 bd 1 ba 1,344 sqft Built 1928 Lot 5,374 sqft single_family
Most recent sale
$85,000
Jun 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 19, 2023 | Sold | $99,000 | Public Record |
| Jun 17, 2022 | Sold | $85,000 | Public Record |
| May 20, 2022 | Listed | $89,000 | MLS #PA1234342 |
| Dec 23, 2015 | Listing removed | $77,500 | RMLSAlliance |
| Nov 18, 2015 | Listed | $77,500 | MLS #1168972 |
| Jun 11, 2014 | Sold | $75,000 | Public Record |
| May 13, 2014 | Listing removed | $74,900 | RMLSAlliance |
| Apr 11, 2014 | Listed | $74,900 | MLS #1151617 |
| Nov 20, 2013 | Listing removed | $76,000 | RMLSAlliance |
| Sep 6, 2013 | Price changed | $76,000 | MLS #1144197 |
| Aug 6, 2013 | Price changed | $78,000 | MLS #1144197 |
| May 23, 2013 | Listed | $79,900 | MLS #1144197 |
| Oct 17, 2009 | Listing removed | $74,000 | RMLSAlliance |
| Oct 5, 2009 | Sold | $74,000 | Public Record |
| Sep 26, 2009 | Price changed | $74,000 | MLS #1109430 |
| Jun 17, 2009 | Listed | $79,900 | MLS #1109430 |
| Jun 23, 2006 | Sold | $96,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $32,240 | $3,390 | $35,630 | $2,617 |
| 2024 | $29,580 | $3,110 | $32,690 | $2,414 |
| 2022 | $20,840 | $2,800 | $23,640 | $1,701 |
| 2021 | $19,850 | $2,670 | $22,520 | $1,642 |
| 2020 | $19,650 | $2,640 | $22,290 | $1,632 |
| 2019 | $20,050 | $2,690 | $22,740 | $1,668 |
| 2018 | $21,230 | $2,710 | $23,940 | $1,747 |
| 2017 | $21,440 | $2,740 | $24,180 | $1,753 |
| 2016 | $21,440 | $2,740 | $24,180 | $1,908 |
| 2015 | $21,020 | $2,690 | $23,710 | $1,819 |
| 2014 | $19,200 | $2,560 | $21,760 | $1,451 |
| 2013 | $19,430 | $2,590 | $22,020 | $1,457 |
| 2012 | $19,950 | $2,660 | $22,610 | $1,488 |
| 2011 | $20,420 | $2,720 | $23,140 | $1,517 |
| 2010 | $24,000 | $2,710 | $26,710 | $1,820 |
| 2009 | $23,900 | $2,700 | $26,600 | $1,804 |
| 2008 | $23,430 | $2,650 | $26,080 | $1,730 |
| 2007 | — | — | $25,200 | $1,662 |
| 2006 | $22,260 | $2,560 | $24,820 | $1,656 |
Property facts
Year built
1928
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,344 sqft
Lot size
5,374 sqft
ZIP code
61603
City
Peoria
Street
Melbourne Ave
Coordinates
40.72418, -89.58786
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
$510
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 513 Melbourne Ave last sell?
513 Melbourne Ave most recently sold on Jun 17, 2022 for $85,000.
What is the current tax assessment for 513 Melbourne Ave?
The most recent total assessment for 513 Melbourne Ave (year 2025) is $35,630 with $2,617 in property tax.
How does 513 Melbourne Ave's assessment compare to its last sale price?
The current assessment is 58.1% below the last sale price of $85,000.
When was 513 Melbourne Ave built?
513 Melbourne Ave was built in 1928.
How does 513 Melbourne Ave compare to others on Melbourne Ave?
We track 8 other properties on Melbourne Ave. Browse the list under "Other properties on Melbourne Ave" to compare beds, baths, and sale history.
What are the property facts for 513 Melbourne Ave?
513 Melbourne Ave is a 3 bed, 1 bath, 1,344 sqft, 5,374 sqft lot single_family.
Is 513 Melbourne Ave a flip candidate?
No — 513 Melbourne Ave does not appear in our flips dataset.
Is 513 Melbourne Ave a tax-appeal candidate?
No — 513 Melbourne 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
-1.6%
Implied 1-yr
-6.5%
2026 Q3
$110.2K
2026 Q4
$108.2K
ZIP 61603 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melbourne Ave