516 E Melbourne Ave, Peoria, IL 61603
OFF MARKET

516 E Melbourne Ave
Peoria, IL 61603

East Bluff
  • 2 Beds
  • 1.5 Baths
  • 880 sqft

$83,300

Trulia Estimate
as of Jun 29, 2026
Est. Refi. Payment $662/mo*
Refinance Your Home

$83,300

Trulia Estimate
as of Jun 29, 2026
Est. Refi. Payment $662/mo*
Refinance Your Home
2 Beds
1.5 Baths
880 sqft

Local Information

  • Map ViewExplore the area around 516 E Melbourne Ave.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Why just rent when you can become a HOMEOENER? Single story home with large basement. Brand new roof last year! Nice sized front living room with picture window. Eat-in kitchen sports two-tone cabinets and includes fridge with water/ice dispenser, oven range, and range hood. Two bedrooms, one carpeted and one with new vinyl plank flooring. Hall bathroom has combo tub/shower with tiled surround. Full-size unfinished basement with plenty of light includes half bath, dryer hookups, and washing machine. Replaced sewer line. New gas water heater. Nice ceiling fans throughout. Long concrete driveway for parking. Single-car detached garage needs work including new roof.
Could use some cosmetic touch-ups, but solid and move-in ready!

OWNER FINANCE (similar to lease-to-own) with $3,000 down payment. Taxes and insurance already included in monthly amount. For more info, please contact us.

Please note, we DO NOT advertise on Craigslist.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 03, 2024

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 516 E Melbourne Ave

Interior Features

Heating & Cooling
Heating: Forced AirCooling System: Ceiling FanHeating Fuel: Forced Air
Appliances & Utilities
RefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Carpet

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Rent to OwnAvailable: now

Exterior Features

Parking & Garage
Parking: Detached Off Street, On Site

Price History for 516 E Melbourne Ave

DatePriceEventSource
09/03/2024$973ListingRemovedZillow Rentals
08/29/2024$973Listed For RentZillow Rentals
05/26/2023$37,000Sold
RMLS Alliance as distributed by MLS GRID #PA1242853
12/02/2008$33,000Sold
N/A
04/10/2002$49,000Sold
N/A

Market trends in Peoria

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$116K
$1.67KMoM
Sale-to-List Price
98.3%
0.8%MoM
Price per sq ft
$84
$1MoM
Available listings
348
23MoM
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Property Tax and Assessment

Year2024
Tax$1,882
Assessment$62,430
Home facts updated by county records

Comparable Sales for 516 E Melbourne Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
516 E Maywood Ave, Peoria, IL
0.06
Single-Family Home
$37,500
11/25/25
3
1
768
2710 N California Ave, Peoria, IL
0.20
Single-Family Home
$35,100
05/28/26
2
1
908
519 E Maywood Ave, Peoria, IL
0.03
Single-Family Home
$37,000
08/01/25
1
1
816
316 E Melbourne Ave, Peoria, IL
0.13
Single-Family Home
$41,000
05/22/26
2
1
616
410 E Melbourne Ave, Peoria, IL
0.09
Single-Family Home
$72,500
11/05/25
2
1
920
3028 N Wisconsin Ave, Peoria, IL
0.21
Single-Family Home
$51,000
10/15/25
2
1
906
515 E Maywood Ave, Peoria, IL
0.03
Single-Family Home
$69,900
08/22/25
2
1
1,224
2717 N Missouri Ave, Peoria, IL
0.24
Single-Family Home
$52,500
07/03/25
2
1
856
721 E Seneca Pl, Peoria, IL
0.26
Single-Family Home
$32,500
06/25/26
2
1
624
413 E Virginia Ave, Peoria, IL
0.35
Single-Family Home
$39,000
09/25/25
2
1
768

Nearby homes

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Assigned Schools

These are the assigned schools for 516 E Melbourne Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

East Bluff
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Bluff

At least 79 Trulia users voted on each feature.

  • 93 % Say yards are well-kept

  • 84 % Say there are sidewalks

  • 80 % Say car is needed

  • 75 % Say parking is easy

  • 65 % Say kids play outside

  • 58 % Say it's dog friendly

  • 56 % Say there's holiday spirit

  • 49 % Say they plan to stay for at least 5 years

  • 48 % Say neighbors are friendly

  • 45 % Say there's wildlife

  • 40 % Say people would walk alone at night

  • 39 % Say it's quiet

  • 37 % Say streets are well-lit

  • 34 % Say it's walkable to restaurants

  • 24 % Say it's walkable to grocery stores

  • 13 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Don’t let your children out after dark. If you hear any yelling from anywhere I recommend you just stay inside and mind your business. "
    27
    Flag
  • Trulia User
    "its friendly and you get privacy around your neughborhood and can walk to the places yoy need to go without any problems"
    4
    Flag
  • Trulia User
    "Has a decent amount of families with children ages 5-14 years old. Most of the neighbour's are nice and keep to themselves. Watch out living to close to the side streets with 4-way intersections, about 70% of the traffic doesn't stop at the stop signs and a ton of the people who drive around this area speed."
    10
    Flag
  • Trulia User
    "Dogs are gated! Although walking your dog is always a pleasant you get to see and speak to neighbors. But please remember to clean-up behind your fur-baby!"
    0
    Flag
  • Zara B.
    "I don't see a lot of people walking their dogs on the sidewalks. But at Glen Oak Park there's a bunch of people walking their dogs. "
    4
    Flag
  • Bryantcool234
    "You’ll be able to walk and get no real negative attention. What you’ll dislike is how many other owner simply don’t clean up their dog’s waste. You’ll at time walk into parts and smell it for awhile."
    4
    Flag
  • Zara B.
    "It's really close to parks and restaurants. There's festivals going on at Glen Oak park all the time. "
    0
    Flag
  • Mahayliakheiona
    "I lived in East Bluff for 16 years and it is a pretty good area to have been. As long as you don't try to start any confrontations, you should be okay. Neighbors change frequently, so that is something to be wary of. Peoria as a whole, however, makes a person stagnant. Many of the people that live here work for a few main companies, one of which lays people off every few years. My suggestion is that unless you are absolutely sure your job is there to stay, or you have never left the P, don't move to Peoria. It will not help you grow as a person. It will make you stagnant, and make you grow content with never striving for more."
    35
    Flag
  • Diana C.
    "I have lived in my house over 11 years, nice neighborhood, neighbors,... and yes Neighborhood Watch is very active. "
    27
    Flag
  • Janelindsey67
    "It’s one of the higher-crime parts of town, but the people we’ve met have been friendly, for the most part."
    6
    Flag
  • Ebo3bun
    "I used to live here 4yrs ago. It's a decent area. Not too big of a city, not too many things to do, but its home for now."
    0
    Flag
  • Tls1995
    "I have lived in the 1800 block of Peoria Ave for 6 years. It is not a nice place to live and has gotten much worse over the last year. We have to call the police at least 3 and often more times a week. The neighborhood kids will steal anything and do. We have to pay for a catholic school because District 150 is awful. You can't let the kids or pets be outside without supervision. We would not still be here if we had any other choice. Even the local police officers will tell you to "just move". Cars think nothing of driving down the street at 45-50 miles per hour. There are numerous drug houses in our block which means people driving up and honking till the person they want comes out to see what they want. It's really a shame even the drug buyers are too scared to get out of their cars. We do have a wonderful neighborhood group in the area but I’m afraid we are losing this battle."
    3
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 516 E Melbourne Ave

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Off Market Homes Near 516 E Melbourne Ave

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516 E Melbourne Ave, Peoria, IL 61603 is a 2 bedroom, 2 bathroom, 880 sqft single-family home. 516 E Melbourne Ave is located in East Bluff, Peoria. This property is not currently available for sale. 516 E Melbourne Ave was last sold on May 26, 2023 for $37,000 (3,703% higher than the asking price of $973). The current Trulia Estimate for 516 E Melbourne Ave is $83,300.