1900 N Missouri Ave · Peoria, IL 61603

$70,000

2 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 6 Days on market

Built 1914 3,300 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1900 N. Missouri Ave! Classic yet affordable, spacious 3 bed 1 bath move-in ready home. Loads of character and charm inside with original woodwork and crown molding. Spacious living room and dining room with an updated eat-in kitchen and bath. Full basement with a possible rec room area as well as storage. Updates include water heater 2024, furnace 2024. Fresh paint throughout 2024. Kitchen flooring, cabinetry, counters and fixtures 2024. Bath vanity, fixtures and flooring 2024. Seems like all of the heavy lifting has been done! Home warranty available with acceptable offer!

Key facts

• Updated bath
• Interior paint
• Furnace replacement

Tags

• UPDATED KITCHEN
• UPDATED BATH
• FURNACE REPLACEMENT
• WATER HEATER REPLACEMENT
• INTERIOR PAINT
• UPDATED FLOORING

Property features AI

Exterior

• Parking: Parking pad; Shared driveway; No garage spaces
• Utilities: Public water; Public sewer; Natural gas (water heater)
• Home design: Single-family residence; Originally built in 1914
• Construction: Year built 1914
• Exterior features: Corner, level lot; Shingle roof

Interior

• Kitchen: No kitchen appliances specified
• Bedrooms: Three bedrooms (one on the main level, one on the upper level, one on the upper level)
• Flooring: Hardwood flooring in multiple rooms; Vinyl flooring in the kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; No central cooling listed
• Interior features: Unfinished full basement; No fireplaces; No built-in appliances listed
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 12.9% vs local median 5.6% in Peoria — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#270 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F.
• Peoria SD 150 (urban): math 11% / reading 14% proficiency, ranked #554 of 620 in IL (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Peoria High School (math 4% / reading 7%, grade F, #609 of 693 statewide, top 88%, 1,447 students, 0% FRL) — zoned schools average 0% FRL vs 70% district-wide (70 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.5%/yr); 104 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 73 units permitted in Peoria County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Peoria County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.5% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.54% ✓
• Cap rate: 12.93%
• Cash-on-cash: 23.69%
• DSCR: 2.05
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $40,404
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1631 N Dechman Ave	0.26mi	2/1.0	956 (-8%)	0mo	$30,000	$31	75
412 E Republic St	0.20mi	2/1.0	925 (-11%)	1mo	$26,200	$28	72
603 E Thrush Ave	0.31mi	3/1.0 (+1)	960 (-7%)	3mo	$30,000	$31	66
716 E Kansas St	0.22mi	2/1.0	896 (-14%)	2mo	$26,666	$30	66
718 E Behrends Ave	0.26mi	3/1.0 (+1)	1,140 (+10%)	2mo	$71,000	$62	65
2136 N Delaware St	0.47mi	3/1.0 (+1)	1,130 (+9%)	3mo	$47,500	$42	56
1619 NE Glendale Ave	0.73mi	2/1.0	1,098 (+6%)	5mo	$45,000	$41	52
112 E Gift Ave	0.62mi	3/2.0 (+1)	971 (-6%)	2mo	$90,000	$93	50
803 Caroline St	0.64mi	2/1.0	910 (-12%)	4mo	$49,000	$54	46
2211 N Ellis St	0.72mi	3/1.0 (+1)	1,127 (+9%)	1mo	$33,000	$29	46
2710 N California Ave	0.72mi	2/1.0	908 (-12%)	1mo	$35,100	$39	45
2314 N Ellis St	0.75mi	2/1.0	928 (-10%)	3mo	$18,500	$20	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.49% rent growth · sell at horizon

5-year hold

• IRR: 17.4%
• Equity multiple: 1.71×
• Total profit: $13,832
• Equity at exit: $10,437

10-year hold

• IRR: 26.2%
• Equity multiple: 3.35×
• Total profit: $45,991
• Equity at exit: $6,052

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61603

• Home prices YoY: -31.8%
• Rents YoY: 3.5%
• Active inventory: 104
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,075 high
• Mortgage (P&I): −$367
• Tax from tax record: −$66 /mo · $791/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $387

Break-even live

Break-even rent $585

Max offer price $70,000

Occupancy floor 59%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2210 Knoxville Ave #2212 Peoria, IL	2.0	1.0	1284	$950	$0.74	43d	1	0.39mi
901 NE Glen Oak Ave Unit 2 Peoria, IL	3.0	1.0	1120	$1,200	$1.07	21d	1	0.41mi
308 E Archer Ave Peoria, IL	3.0	1.0	1444	$950	$0.66	13d	1	0.42mi
505 E Virginia Ave Peoria, IL	2.0	2.0	1204	$758	$0.63	13d	1	0.60mi
2121 N Prospect Rd Peoria, IL	3.0	1.0	946	$802	$0.85	13d	1	0.69mi
737 E Gift Ave Unit 737 Peoria, IL	2.0	1.0	800	$1,125	$1.41	43d	1	0.72mi
501 W Columbia Ter Unit 3 Peoria, IL	3.0	1.0	1500	$1,400	$0.93	43d	1	0.72mi
2207 N Ellis St Peoria, IL	2.0	1.0	864	$999	$1.16	13d	1	0.73mi
511 W Elizabeth St Unit A Peoria, IL	1.0	1.0	850	$800	$0.94	43d	1	0.81mi
506 Caroline St Unit B Peoria, IL	2.0	1.0	1000	$900	$0.90	13d	1	0.86mi
416 W Main St Unit A Peoria, IL	2.0	1.0	1050	$950	$0.90	43d	1	0.90mi
903 W Brons Ave Peoria, IL	3.0	1.0	971	$995	$1.02	43d	1	0.94mi
812 W Macqueen Ave Peoria, IL	2.0	1.0	822	$795	$0.97	43d	1	0.94mi
905 W Thrush Ave Peoria, IL	2.0	1.0	750	$950	$1.27	21d	1	0.96mi
814 W McClure Ave Peoria, IL	3.0	1.0	1148	$1,100	$0.96	43d	1	0.98mi
913 W McClure Ave Peoria, IL	3.0	1.0	1400	$1,200	$0.86	21d	1	1.07mi
911 N Sheridan Rd Unit A4 Peoria, IL	2.0	1.0	825	$850	$1.03	43d	1	1.09mi
911 N Sheridan Rd Unit a1 Peoria, IL	2.0	1.0	825	$850	$1.03	13d	1	1.09mi
2023 N Underhill St Peoria, IL	3.0	1.0	1050	$1,200	$1.14	13d	1	1.15mi
123 SW Jefferson Ave Unit E15SW Peoria, IL	2.0	2.0	1100	$1,750	$1.59	13d	1	1.18mi
123 SW Jefferson Ave Unit E6W Peoria, IL	2.0	1.0	868	$1,495	$1.72	21d	1	1.18mi
123 SW Jefferson Ave Unit E16 NE Peoria, IL	2.0	2.0	1199	$2,250	$1.88	21d	1	1.18mi
2302 NE Monroe St Peoria, IL	3.0	1.0	1100	$875	$0.80	13d	1	1.27mi
3108 N Parish Ave Peoria, IL	3.0	1.5	967	$1,750	$1.81	43d	1	1.47mi

Listing history 25 events

1. 2026-06-03
   status $70,000 Pending 6 DOM
2. 2026-06-03
   status $70,000 Under Contract 6 DOM
3. 2026-06-02
   days on market $70,000 Active 6 DOM
4. 2026-06-01
   days on market $70,000 Active 5 DOM
5. 2026-05-31
   days on market $70,000 Active 4 DOM
6. 2026-05-30
   days on market $70,000 Active 3 DOM
7. 2026-05-27
   listed $70,000 Active
8. 2025-07-03
   historical $1,050
9. 2025-06-01
   price $1,050
10. 2025-05-01
    listed $1,100
11. 2024-11-03
    historical $1,300
12. 2024-09-21
    price $1,300
13. 2024-09-17
    listed $1,100
14. 2024-09-09
    soldstatus $63,000 Closed 594-char remark

    Show marketing remark (594 chars)

    Welcome to 1900 N. Missouri Ave! Classic yet affordable, spacious 3 bed 1 bath move-in ready home. Loads of character and charm inside with original woodwork and crown molding. Spacious living room and dining room with an updated eat-in kitchen and bath. Full basement with a possible rec room area as well as storage. Updates include water heater 2024, furnace 2024. Fresh paint throughout 2024. Kitchen flooring, cabinetry, counters and fixtures 2024. Bath vanity, fixtures and flooring 2024. Seems like all of the heavy lifting has been done! Home warranty available with acceptable offer!

15. 2024-07-12
    status Pending 594-char remark

    Show marketing remark (594 chars)

    Welcome to 1900 N. Missouri Ave! Classic yet affordable, spacious 3 bed 1 bath move-in ready home. Loads of character and charm inside with original woodwork and crown molding. Spacious living room and dining room with an updated eat-in kitchen and bath. Full basement with a possible rec room area as well as storage. Updates include water heater 2024, furnace 2024. Fresh paint throughout 2024. Kitchen flooring, cabinetry, counters and fixtures 2024. Bath vanity, fixtures and flooring 2024. Seems like all of the heavy lifting has been done! Home warranty available with acceptable offer!

16. 2024-07-11
    price $69,500 594-char remark

    Show marketing remark (594 chars)

    Welcome to 1900 N. Missouri Ave! Classic yet affordable, spacious 3 bed 1 bath move-in ready home. Loads of character and charm inside with original woodwork and crown molding. Spacious living room and dining room with an updated eat-in kitchen and bath. Full basement with a possible rec room area as well as storage. Updates include water heater 2024, furnace 2024. Fresh paint throughout 2024. Kitchen flooring, cabinetry, counters and fixtures 2024. Bath vanity, fixtures and flooring 2024. Seems like all of the heavy lifting has been done! Home warranty available with acceptable offer!

17. 2024-07-01
    listed $72,000 Active 594-char remark

    Show marketing remark (594 chars)

    Welcome to 1900 N. Missouri Ave! Classic yet affordable, spacious 3 bed 1 bath move-in ready home. Loads of character and charm inside with original woodwork and crown molding. Spacious living room and dining room with an updated eat-in kitchen and bath. Full basement with a possible rec room area as well as storage. Updates include water heater 2024, furnace 2024. Fresh paint throughout 2024. Kitchen flooring, cabinetry, counters and fixtures 2024. Bath vanity, fixtures and flooring 2024. Seems like all of the heavy lifting has been done! Home warranty available with acceptable offer!

18. 2024-05-18
    status Pending
19. 2024-05-17
    historical
20. 2024-05-13
    price
21. 2024-05-06
    price
22. 2024-04-25
    listed Active
23. 2024-04-01
    soldstatus $57,000
24. 2016-03-11
    soldstatus $28,500
25. 2015-09-03
    listed $28,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $791 · $66/mo
• Projected year-2 tax: $1,190 · $99/mo
• Expected delta: +$399/yr (+$33/mo · 50.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,896
• − Mortgage interest: −$3,921
• − Property taxes: −$791
• − Insurance: −$350
• − Repairs & maintenance: −$1,032
• − Management: −$1,032
• − Depreciation: −$2,036
• Taxable income: $3,735
• Est. tax owed @ 24.0%: −$896
• After-tax cash flow: $3,746/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Peoria SD 150
• NCES district ID: 1731230
• Math proficiency: 11% ▼ -5.00%
• Reading proficiency: 14% ▼ -4.00%
• Median HH income: $41,951
• Composite: 10.92/100
• National rank: #9751
• State rank: #554 of 620 in IL

Livability — Peoria

• Score: 73/100
• State rank: #270
• US rank: #5096

Category grades

Amenities B Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Peoria, IL
• County: Peoria County · 120,495 people
• City population: 114,670
• Metro: Peoria, IL
• Population (ZIP): 15,356
• Household income: $41,618
• Rent vs Own: 47.1% rent · 52.9% own
• Severe rent burden: 849.0

Population outlook (Peoria County) Hauer SSP2

• Today (2025): 183,007 people
• By 2030: 179,643 · -1.8%
• By 2040: 171,782 · -6.1%
• By 2050: 163,508 · -10.7%
• By 2075: 140,178 · -23.4%
• By 2100: 114,493 · -37.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Black 43% White 36% Two or more races 12% Hispanic / Latino 10% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 91% English-only · Spanish 6% Tagalog/Filipino 1%

Political lean MEDSL · Peoria

• 2024 margin: Toss-up / Even · D 51.5% · R 46.9% · Other 1.6%
• 2008→2024 swing: -9.2pp toward R · 2008: 13.9pp · 2024: 4.7pp
• All cycles: 2024: D+4.7 2020: D+6.3 2016: D+2.8 2012: D+4.4 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.98%
• Current HPI: 141.5343
• Rent YoY: ▲ 3.49%
• Metro: Peoria, IL
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+142.2% since first listed

19 events — show timeline

• 2026-05-27 Listed $70,000 RMLSA as Distributed by MLS Grid
• 2025-07-03 Rental Removed $1,050 TENANTTURNER2
• 2025-06-01 Price Changed $1,050 TENANTTURNER2
• 2025-05-01 Listed for Rent $1,100 TENANTTURNER2
• 2024-11-03 Rental Removed $1,300 APPFOLIO
• 2024-09-21 Price Changed $1,300 APPFOLIO
• 2024-09-17 Listed for Rent $1,100 APPFOLIO
• 2024-09-09 Sold (MLS) $63,000 RMLSA as Distributed by MLS Grid
• 2024-07-12 Pending — RMLSA as Distributed by MLS Grid
• 2024-07-11 Price Changed $69,500 RMLSA as Distributed by MLS Grid
• 2024-07-01 Listed $72,000 RMLSA as Distributed by MLS Grid
• 2024-05-18 Pending — RMLSA as Distributed by MLS Grid
• 2024-05-17 Listing Removed — RMLSA as Distributed by MLS Grid
• 2024-05-13 Price Changed — RMLSA as Distributed by MLS Grid
• 2024-05-06 Price Changed — RMLSA as Distributed by MLS Grid
• 2024-04-25 Listed — RMLSA as Distributed by MLS Grid
• 2024-04-01 Sold (Public Records) $57,000 Public Records
• 2016-03-11 Sold (MLS) $28,500 RMLSA as Distributed by MLS Grid
• 2015-09-03 Listed $28,900 RMLSA as Distributed by MLS Grid

Property tax history

+0.6%/yr

Latest (2024): $791 · +4.8% YoY. Source: county tax records.