109 E Gift Ave · Peoria, IL 61603

$39,900

4 bd · 3.0 ba · 1,747 sqft · SingleFamily public records · 38 Days on market

Built 1925 4,356 sqft lot $23/sqft · 50% below area ↓ 51% since listing

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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

Come take a look at this 3 unit duplex, situated on a corner lot and centrally located in Peoria! This duplex offers a lower level unit that is a 1 bed, 1 bath, renting for $550, historically. Upper unit is a 1bed, 1 bath and rents historically for $600. The main floor unit is a 2 bed, 1 bath and rents for $800 w/ garage access. Garden level unit and upper level unit are vacant. UPDATES: Roof in 2009 - Tear Off, windows, water heater and some siding in 2007, vanities, carpet and many additional updates. Come take a look today!

Key facts

• Corner lot
• Detached garage
• 4,356 sq ft lot

Tags

• MULTI-FAMILY PROPERTY
• PARTIALLY FINISHED BASEMENT
• DETACHED GARAGE
• CORNER LOT
• GENERATE RENTAL INCOME

Property features AI

Finance

• Financial info: Two-unit investment property

Exterior

• Parking: Detached parking (1 total space)
• Utilities: Public water; Public sewer
• Home design: Residential income property; Multi-family zoning; Built in 1925; Other structure type
• Construction: Shingle roof; Not new construction
• Exterior features: Corner lot; Lot dimensions approximately 40 x 110

Interior

• Bedrooms: Two 2-bedroom units
• Bathrooms: Each unit has one full bathroom
• Heating & cooling: No central heating listed
• Interior features: Partially finished basement

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $601 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 24.4% 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; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 73 units permitted in Peoria County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% 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 $276 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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: property tax is 4.4% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 3.08% ✓
• Cap rate: 24.38%
• Cash-on-cash: 64.60%
• DSCR: 3.87
• GRM: 2.7

CMA / ARV

• ARV (median comp): $79,878
• List price: $39,900
• Delta: -50.05%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
135 W Hanssler Pl	0.14mi	3/2.5 (-1)	1,812 (+4%)	3mo	$165,000	$91	78
400 E Virginia Ave	0.17mi	4/1.0	1,676 (-4%)	3mo	$117,500	$70	75
118 E Archer Ave	0.25mi	5/2.0 (+1)	1,828 (+5%)	1mo	$73,000	$40	71
301 E Thrush Ave	0.36mi	3/1.5 (-1)	1,716 (-2%)	2mo	$102,000	$59	67
904 E Seneca Pl	0.55mi	3/1.5 (-1)	1,765 (+1%)	2mo	$107,000	$61	60
812 E Seneca Pl	0.52mi	3/3.0 (-1)	1,640 (-6%)	3mo	$161,500	$98	58
220 E Frye St	0.52mi	3/2.0 (-1)	1,842 (+5%)	3mo	$56,500	$31	55
610 W Hudson St	0.67mi	3/2.0 (-1)	1,636 (-6%)	0mo	$145,500	$89	49
603 W Hudson St	0.67mi	3/2.0 (-1)	1,641 (-6%)	3mo	$175,000	$107	47
3502 N Peoria Ave	0.68mi	3/2.5 (-1)	1,922 (+10%)	2mo	$176,000	$92	43
1826 N California Ave	0.72mi	3/1.5 (-1)	1,564 (-10%)	1mo	$34,900	$22	37
714 E Kansas St	0.69mi	3/1.5 (-1)	1,538 (-12%)	2mo	$26,666	$17	35

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: 64.4%
• Equity multiple: 3.91×
• Total profit: $32,525
• Equity at exit: $5,949

10-year hold

• IRR: 69.0%
• Equity multiple: 8.20×
• Total profit: $80,483
• Equity at exit: $3,450

Cash invested: $11,172 (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: 2.7×

Monthly cashflow live

• Estimated rent: $1,230 high
• Mortgage (P&I): −$209
• Tax from tax record: −$145 /mo · $1,737/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $601

Break-even live

Break-even rent $469

Max offer price $39,900

Occupancy floor 46%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
308 E Archer Ave Peoria, IL	3.0	1.0	1444	$950	$0.66	13d	1	0.30mi
814 W McClure Ave Peoria, IL	3.0	1.0	1148	$1,100	$0.96	43d	1	0.69mi
913 W McClure Ave Peoria, IL	3.0	1.0	1400	$1,200	$0.86	21d	1	0.77mi
1806 N Peoria Ave Peoria, IL	4.0	1.5	1668	$894	$0.54	13d	1	0.77mi
2023 N Underhill St Peoria, IL	3.0	1.0	1050	$1,200	$1.14	13d	1	1.10mi
901 NE Glen Oak Ave Unit 2 Peoria, IL	3.0	1.0	1120	$1,200	$1.07	21d	1	1.12mi
501 W Columbia Ter Unit 3 Peoria, IL	3.0	1.0	1500	$1,400	$0.93	43d	1	1.21mi

Listing history 24 events

1. 2026-06-19
   days on market $39,900 Active 38 DOM
2. 2026-06-18
   days on market $39,900 Active 37 DOM
3. 2026-06-17
   days on market $39,900 Active 36 DOM
4. 2026-06-16
   days on market $39,900 Active 35 DOM
5. 2026-06-15
   days on market $39,900 Active 34 DOM
6. 2026-06-14
   days on market $39,900 Active 32 DOM
7. 2026-06-13
   days on market $39,900 Active 31 DOM
8. 2026-06-10
   days on market $39,900 Active 29 DOM
9. 2026-06-09
   days on market $39,900 Active 28 DOM
10. 2026-06-08
    days on market $39,900 Active 27 DOM
11. 2026-06-07
    days on market $39,900 Active 26 DOM
12. 2026-06-03
    days on market $39,900 Active 22 DOM
13. 2026-06-02
    days on market $39,900 Active 21 DOM
14. 2026-06-01
    days on market $39,900 Active 20 DOM
15. 2026-05-31
    days on market $39,900 Active 19 DOM
16. 2026-05-30
    days on market $39,900 Active 18 DOM
17. 2026-05-12
    listed $39,900 Active 492-char remark
18. 2022-02-25
    soldstatus $59,000
19. 2022-02-22
    soldstatus $59,000 532-char remark

    Show marketing remark (532 chars)

    Come take a look at this 3 unit duplex, situated on a corner lot and centrally located in Peoria! This duplex offers a lower level unit that is a 1 bed, 1 bath, renting for $550, historically. Upper unit is a 1bed, 1 bath and rents historically for $600. The main floor unit is a 2 bed, 1 bath and rents for $800 w/ garage access. Garden level unit and upper level unit are vacant. UPDATES: Roof in 2009 - Tear Off, windows, water heater and some siding in 2007, vanities, carpet and many additional updates. Come take a look today!

20. 2021-10-13
    listed $69,900 532-char remark

    Show marketing remark (532 chars)

    Come take a look at this 3 unit duplex, situated on a corner lot and centrally located in Peoria! This duplex offers a lower level unit that is a 1 bed, 1 bath, renting for $550, historically. Upper unit is a 1bed, 1 bath and rents historically for $600. The main floor unit is a 2 bed, 1 bath and rents for $800 w/ garage access. Garden level unit and upper level unit are vacant. UPDATES: Roof in 2009 - Tear Off, windows, water heater and some siding in 2007, vanities, carpet and many additional updates. Come take a look today!

21. 2021-08-06
    historical
22. 2021-08-06
    historical
23. 2021-08-06
    historical
24. 2006-04-07
    soldstatus $82,000

ⓘ 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: $1,737 · $145/mo
• Projected year-2 tax: $1,737 · $145/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $14,765
• − Mortgage interest: −$2,235
• − Property taxes: −$1,737
• − Insurance: −$200
• − Repairs & maintenance: −$1,181
• − Management: −$1,181
• − Depreciation: −$1,161
• Taxable income: $7,070
• Est. tax owed @ 24.0%: −$1,697
• After-tax cash flow: $5,520/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

-51.3% since first listed

8 events — show timeline

• 2026-05-12 Listed $39,900 RMLSA as Distributed by MLS Grid
• 2022-02-25 Sold (Public Records) $59,000 Public Records
• 2022-02-22 Sold (MLS) $59,000 RMLSA as Distributed by MLS Grid
• 2021-10-13 Listed $69,900 RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2006-04-07 Sold (Public Records) $82,000 Public Records

Property tax history

-1.1%/yr

Latest (2025): $1,737 · +9.4% YoY. Source: county tax records.