Description
Welcome to 1516 S Westmoreland Ave — a unique opportunity with tons of potential. This small home features a dry basement and sits on a large, chain-link–fenced lot, offering plenty of room for expansion or future development. With its spacious land, the property serves as a true blank canvas: build your dream home on the lot while keeping the existing structure as a guest house, visitors’ unit, or future rental. 0.29 Acres!!! The most affordable large plot of land in Peoria, IL, at the time of listing + a 1/1 house already in place. The home itself is a manageable size, making it a great option for someone looking to get back on their feet or anyone wanting an affordable place they can improve over time. It does need some sweat equity, but the fundamentals are in place and the upside is clear. The owner may consider owner financing through a Contract for Deed for buyers able to provide a strong down payment. (Present your best CFD offer - Seller will only consider CFD if at over asking price, asking price is for cash offers) A versatile property with multiple paths to added value—don’t miss this one.
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1BEDS
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0.29ACRES
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1BATHS
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01/2 BATHS
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504SQFT
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$24$/SQFT
Description
Welcome to 1516 S Westmoreland Ave — a unique opportunity with tons of potential. This small home features a dry basement and sits on a large, chain-link–fenced lot, offering plenty of room for expansion or future development. With its spacious land, the property serves as a true blank canvas: build your dream home on the lot while keeping the existing structure as a guest house, visitors’ unit, or future rental. 0.29 Acres!!! The most affordable large plot of land in Peoria, IL, at the time of listing + a 1/1 house already in place. The home itself is a manageable size, making it a great option for someone looking to get back on their feet or anyone wanting an affordable place they can improve over time. It does need some sweat equity, but the fundamentals are in place and the upside is clear. The owner may consider owner financing through a Contract for Deed for buyers able to provide a strong down payment. (Present your best CFD offer - Seller will only consider CFD if at over asking price, asking price is for cash offers) A versatile property with multiple paths to added value—don’t miss this one.
© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-17T14:45:11.63.