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504 N 4th Street Dunlap, IL 61525 Residential - Single Family Active

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Description

Fully renovated in 2025, this thoughtfully redesigned property offers a rare opportunity for multigenerational living or income potential, perfect for families wanting to live together while maintaining privacy, or homeowners looking to offset their mortgage by renting a portion of the home. The main level features a bright and welcoming layout with a living room, informal dining area, kitchen, bedroom, full bath, and private laundry, making it a great option for main-level living or a potential mother-in-law suite. Upstairs, a fully self-contained second living space offers two bedrooms, a full bathroom, kitchen with dining area, living room, and its own laundry, creating flexibility for extended family, older children living at home, guests, or potential rental use. Extensive 2025 updates provide peace of mind and modern comfort, including new windows, shingles and gutters, electrical, PEX plumbing, 3 new split units (2 up/1 down) updated interior finishes, and new appliances in both units, along with separate washer and dryer for each living space. Outside, enjoy charming front and back garden areas with mature apple and peach trees, creating a peaceful setting for relaxing or entertaining. Located within walking distance to the Village of Dunlap and with direct access to the Rock Island Trail, this home blends lifestyle, flexibility, and investment potential in one unique property!

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,570
Garage Size: 2
Built in 1910
High School: Dunlap

General Information

Bedrooms: 3
Bathrooms: 2
Sqft: 1,570
County: Peoria
High School: Dunlap
Subdivision: Alva
Listed By:
RE/MAX Traders Unlimited Mobile: 309-648-8187
RMLSA

Room Information

Bedroom 1: 13 X 13 Level - Main
Bedroom 2: 13 X 13 Level - Upper
Bedroom 3: 9 X 15 Level - Upper
Living Room: 15 X 13 Level - Main
Dining Room: 10 X 8 Level - Main
Kitchen: 9 X 8 Level - Main
Additional Room: 15 X 23 Level - Upper
Additional Room 2: 9 X 8 Level - Upper
$225,000
Est. $1,507/mo
3beds
2baths
1,570sqft
2cars
Active Price Reduced $5,000 on March 21st, 2026
BEDS3 BATHS2 full SQUARE FEET1,570 MLS#PA1264665
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONAlva SCHOOLDunlap

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504 N 4th Street, Dunlap, IL 61525.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $225,000$225,000$225,000
Down Payment $45,000$7,875$56,250
Monthly Mortgage Amount $1,094$1,325$1,390
Taxes $313$313$313
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$99$0
Monthly Estimated Total $1,507$1,837$1,803

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