506 Wayne St

Peoria, IL 61603

$49,900
Price
3
Beds
1,289 Sq. Ft.
$39 / Sq. Ft.
1,289
Sq. Ft.
$39
per Sq. Ft.

Description

Take the tour! Turn-key investment opportunity with a long-term tenant in place. This property provides consistent cash flow and low vacancy risk. Convenient location near schools, parks, and public transit. Perfect for investors looking to add a strong, income-producing asset to their portfolio or purchase as part of a multi-property package! Currently rented for $700 per month w/ long term tenant.Take the tour! Turn-key investment opportunity with a long-term tenant in place. This property provides consistent cash flow and low vacancy risk. Convenient location near schools, parks, and public transit. Perfect for investors looking to add a strong, income-producing asset to their portfolio or purchase as part of a multi-property package! Currently rented for $700 per month w/ long term tenant.
  1. Listed by Christine Schauble • eXp Realty

Property Details for 506 Wayne Street

Architectural Style
Bungalow
Water Frontage
0
Subdivision Name
Morton Voris & Laveille
LISTING UPDATED: 12/20/2025 02:01 PM

Property Details for 506 Wayne Street

StatusActive
MLS #PA1262713
Days on Market46
Taxes$1,118 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1900
Lot Size0.07 AC / 3,049 SF
CountyPeoria County

Location

Listing Courtesy of eXp Realty
Add your commute

Building Information for 506 Wayne Street

Stories-Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$336 per month

30 year fixed, 6.15% Interest

Principal and Interest

$243

Property Taxes

$93

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 Wayne Street

Summary
Location and General Information
  • City: Peoria
  • County Or Parish: Peoria
  • Directions: PEORIA TO WAYNE
  • Latitude: 40.699729
  • Longitude: -89.583683
  • MLSArea Minor: PAAR Area
  • Postal Code: 61603
  • State Or Province: IL
Taxes and HOA Information
  • Association Fee: $0
  • Association Fee2: $0
  • Parcel Number: 18-03-307-012
  • Mandatory Annual Fee: No
  • Mandatory Monthly Fee: No
  • Tax Annual Amount: $1,118
  • Tax Legal Description: MORTON VORIS & LAVEILLE'S ADD SW 1/4 SEC 3-8-8E SE 55' LOT 7 BLK 61
  • Tax Year: 2024
School Information
  • High School: Manual
Parking
  • Parking Features: On Street
  • Number Of Garage Remotes: 0
  • Garage: false
Property
Lot Information
  • Building Area Total: 1289.0
  • Living Area: 1289.0
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.07
  • Lot Size Dimensions: 55 X 57
  • 100 Year Plain: No
  • Road Surface Type: Paved
Farm Information
  • Zoned Agricultural: No
Property and Assessments
  • Documents Available: Plat in Office
  • New Construction: No
  • Year Built: 1900
  • Year Built Source: Public Records
Utilities
  • Water Source: Public Sewer, Public
  • Utility Company: AMEREN
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: Partial, Unfinished
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Fireplaces Total: 0
  • Heating: Forced Air
  • Operating Recording Device: None
Room Information
Room 1
  • Number Full Baths: 1
  • Number Half Baths: 0
  • Room Area: 1289.0
  • Room Area Units: Feet.Inches
  • Room Type: Main Level
Room 2
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area: 0.0
  • Room Type: Upper Level
Room 3
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area Units: Feet.Inches
  • Room Type: Lower Level
Room 4
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area: 0.0
  • Room Area Units: Feet.Inches
  • Room Type: Basement
Room 5
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Area: 0.0
  • Room Area Units: Feet.Inches
  • Room Type: Additional Level
Room 6
  • Egress Window: Yes
  • Flooring: Other
  • Room Length: 11.0
  • Room Level: Main
  • Room Type: Bedroom 1
  • Room Width: 10.0
Room 7
  • Egress Window: Yes
  • Flooring: Other
  • Room Length: 10.0
  • Room Level: Main
  • Room Type: Bedroom 2
  • Room Width: 11.0
Room 8
  • Egress Window: Yes
  • Flooring: Other
  • Room Length: 10.0
  • Room Level: Main
  • Room Type: Bedroom 3
  • Room Width: 10.0
Room 9
  • Flooring: Vinyl
  • Room Length: 12.0
  • Room Level: Main
  • Room Type: Kitchen
  • Room Width: 10.0
Room 10
  • Number Full Baths: 0
  • Number Half Baths: 0
  • Room Type: Third Floor
Mobile Home
Mobile/Manufactured Home
  • Property Is Mobile Home: No

Property History for 506 Wayne Street

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Temporarily Off Market

MRED #1262713

—
Dec 17, 2025

Price Change

MRED #1262713

$49,900—
Dec 5, 2025

Listed (Active)

MRED #1262713

$60,000—
Dec 5, 2025

Listed (Active)

RMLS ALLIANCE #PA1262713

$60,000—
Apr 8, 2022

Sold (Public Record)

Public Record #1487619577

$28,500

+1.3% / yr

Apr 8, 2022

Sold

RMLS ALLIANCE #PA1232669

$28,500—
Mar 28, 2022

Pending

RMLS ALLIANCE #PA1232669

—
Mar 25, 2022

Listed (Active)

RMLS ALLIANCE #PA1232669

$29,900—
Jun 30, 2005

Sold (Public Record)

Public Record #160827920

$23,000—
Jun 30, 2005

Sold

RMLS ALLIANCE #PA1060239

$23,000—
Apr 18, 2005

Pending

RMLS ALLIANCE #PA1060239

—
Mar 15, 2005

Listed (Active)

RMLS ALLIANCE #PA1060239

$24,900—
DateEvent & SourcePrice
12/17/2025

Temporarily Off Market

MRED #1262713

—
12/17/2025

Price Change

MRED #1262713

$49,900
12/05/2025

Listed (Active)

MRED #1262713

$60,000
12/05/2025

Listed (Active)

RMLS ALLIANCE #PA1262713

$60,000
04/08/2022

Sold (Public Record)

Public Record #1487619577

$28,500

+1.3% / yr

04/08/2022

Sold

RMLS ALLIANCE #PA1232669

$28,500
03/28/2022

Pending

RMLS ALLIANCE #PA1232669

—
03/25/2022

Listed (Active)

RMLS ALLIANCE #PA1232669

$29,900
06/30/2005

Sold (Public Record)

Public Record #160827920

$23,000
06/30/2005

Sold

RMLS ALLIANCE #PA1060239

$23,000
04/18/2005

Pending

RMLS ALLIANCE #PA1060239

—
03/15/2005

Listed (Active)

RMLS ALLIANCE #PA1060239

$24,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Wayne Street

Taxable ValueLand$760Additions$8,280Total$9,040
Tax Record2024$818 ($68 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,289 SqFtAbove Grade Finished SqFt1,289 SqFtStories1StyleSingle Family ResidenceYear Built1900CountyPEORIAAPN18-03-307-012

Schools near 506 Wayne Street

This home is within Peoria School District 150.
Rating
School
Type
Grades
Distance
Lincoln School
Public - K to 8
Manual High School
Public - 9 to 12
Knoxville Safe School Program
Public - 9 to 12
Diploma Degree North Campus
Public - 11 to 12
Rating
School
Distance
Lincoln School
PublicK to 8

Manual High School
Public9 to 12

Knoxville Safe School Program
Public9 to 12

Diploma Degree North Campus
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 506 Wayne Street, Peoria, IL 61603

506 Wayne Street is a single family home for sale in Peoria, IL 61603. This property was listed for sale on December 5, 2025 by eXp Realty, it's currently listed at $49,900. It has been on the market for a total of 46 days and was last sold on April 8, 2022. This listing's school district is Peoria School District 150. Nearby schools include Lincoln School, Manual High School and Knoxville Safe School Program. 506 Wayne Street is a 3-bed, 1-bath, 1,289 sqft single family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/20/2026 08:12 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.