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Residential Land with Home for Sale in Peoria, Illinois

5740 N University St, Peoria, IL 61614

$399,900
1.63 acres
pending
Under contract

Tucked away at the end of a private lane nearly 800 feet off University, this charming Cape Cod retreat blends country peace with city convenience. Set on 1.6 acres of wooded privacy, this lovingly maintained 1938 gem--owned by only its second family since 1970--radiates warmth and character inside and out. A beautiful south-facing sunroom welcomes sunlight year-round, while the updated kitchen features Roecker cabinetry, Corian countertops, and stainless-steel appliances. The flexible floor plan offers 4-5 bedrooms, with a main-level room perfect as a guest suite or home office. The spacious upper-level primary bedroom impresses with three closets and abundant storage. Modern updates meet timeless charm, including two laundry options (main or lower level) and an oversized 2.5-car heated-floor garage with a second sunroom also featuring radiant heat. Outside, a 500 sq ft two-story outbuilding with electricity and heat invites endless creativity--your she-shed, he-shed, or workshop awaits. Enjoy nearly free water via a shared well and no monthly sewer fee thanks to a unique public connection. It's more than a house--it's a storybook home hidden on a fairytale lane, where privacy, nature, and convenience come together just minutes from Peoria's best schools, shops, dining, and parks. Never worry about power outages with your own personal Generac back up generator.

3,233
Sq feet
5
Beds
2
Full baths
1
1/2 bath
1938
Built

Location

Street address
5740 N University St
Elevation
744 feet
Coordinates
40.7575, -89.6092

Directions

Located at the end of a private lane that is adjacent to the north side of Mt Olive Church-a few blocks south of Northmoor Road, off University/East side of University

Property details

Acreage
1.63 acres
MLS #
PAAR PA1262077
Posted

Property taxes

2024
$8,467

Parcels

  • 14-17-407-031

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Garage, Oversized
Structures
Packing Shed, Shed(s)
Features
Shed(s)

Structure

Heating
Fireplace(s), Forced Air, Natural Gas
Cooling
Central Air
Materials
Frame, Wood Siding
Roof
Shingle

Interior

Rooms
Basement, Bathroom x 3, Bedroom x 5, Dining Room, Family Room, Kitchen, Laundry, Living Room, Office
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Softener Water, Washer
Features
Cable Available, Ceiling Fan(s), Solid Surface Counter, Wet Bar

Property utilities

CategoryTypeStatusDescription
GasNatural GasConnected

Nearby schools

NameLevelDistrictDescription
KellarElementary
Liberty Leadership Middle SchoolMiddle
RichwoodsHigh

Listing history

DateEventPriceChangeSource
Nov 12, 2025Under contract$399,900PAAR
Nov 5, 2025New listing$399,900PAAR
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This 1.63-acre property is located at 5740 N University St in Peoria, IL 61614. The property is pending sale. It has a 3,233 sq ft 5 bedroom, 2 bath house built in 1938.

Checked 1 hour ago — Updated

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