2010 W Malone St · Peoria, IL 61605

$42,000

3 bd · 1.0 ba · 860 sqft · SingleFamily public records · 21 Days on market

Built 1911 9.00 ac lot Est $37k · 14% over

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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
• Appreciation +5.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.4/15.0
• Schools +1.1/10.0

Listing remarks MLS

Come take a look at this well maintained 3 bedroom home in Peoria! This home offers a spacious layout w/ updated flooring. Freshly painted kitchen cabinets and main floor bathroom just off the kitchen. Finished upper level offers 3rd bedroom. Basement also allows for additional storage. Covered porch and patio and so much more. Property is being sold As-Is. Come take a look today!

Key facts

• Basement workshop
• Finished bonus space
• Covered patio

Tags

• FENCED BACKYARD
• COVERED PATIO
• GARDEN SPACE
• LARGE SHED
• BASEMENT WORKSHOP
• FINISHED BONUS SPACE

Property features AI

Finance

• Other: Listing status: Active Under Contract
• Financial info: Owner financing option mentioned (in directions)

Exterior

• Parking: On-street parking (no garage)
• Utilities: Public sewer (listed under water source)
• Home design: Single family residence; Built in 1911; Shingle roof
• Construction: 1260 building area (total listed); Not new construction
• Exterior features: Fenced yard with covered patio and BBQ area (mentioned in directions); Shed; Large front porch; Lot features described as 'Other'

Interior

• Kitchen: Kitchen on main level (20 x 20)
• Bedrooms: 3 bedrooms (main, upper and upper levels indicated across rooms); Bedroom 1 on main level (15 x 15) with egress window; Bedroom 2 on main level (15 x 15) with egress window; Bedroom 3 on upper level (25 x 16) with egress window
• Flooring: Vinyl flooring in some rooms; Carpet in recreation room; Other/unspecified flooring in several rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating
• Interior features: Partially finished basement; Has basement; No fireplaces listed
• Laundry & utility: Laundry room in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $42k.

Deal economics

• At list price, monthly cash flow is $478 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $42k).
• Recommended offer: $41k (1.5% below list) — sets the bar for market timing.
• Cap rate 19.9% 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: Manual High School (math 2% / reading 2%, grade F, #659 of 693 statewide, top 100%, 656 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: 42 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 73 units permitted in Peoria County in 2024 (0 in 5+ unit buildings).
• At $1,002/mo this rent would consume 46% of the median local household income ($26k/yr) (locally 1385% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $556 of equity ($290 loan paydown + $266 appreciation (0.6% local appreciation)).
• Peoria County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.6% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($41k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 4y 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.
• Current owner paid $30k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1911 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $41,370 (1.5% below list)

Questions for the listing agent

1. Built in 1911 — 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: 2.39% ✓
• Cap rate: 19.95%
• Cash-on-cash: 48.77%
• DSCR: 3.17
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $36,980
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1404 S Arago St	0.30mi	3/—	828 (-4%)	2mo	$2,500	$3	78
1912 W Ann St	0.32mi	3/1.0	857 (-0%)	8mo	$44,000	$51	78
1500 S Westmoreland Ave	0.28mi	3/1.0	820 (-5%)	4mo	$8,500	$10	76
2000 W Antoinette St	0.19mi	2/1.0 (-1)	924 (+7%)	2mo	$57,500	$62	72
2506 W Humboldt St	0.48mi	3/1.0	908 (+6%)	2mo	$10,000	$11	66
2322 W Marquette St	0.31mi	2/1.0 (-1)	768 (-11%)	2mo	$33,000	$43	61
1618 S Arago St	0.45mi	3/1.0	924 (+7%)	6mo	$20,000	$22	61
1200 S Matthew St	0.30mi	2/1.0 (-1)	980 (+14%)	5mo	$49,500	$51	53
2213 W Wiswall St	0.44mi	2/1.0 (-1)	784 (-9%)	8mo	$42,000	$54	53
2607 W Humboldt St	0.52mi	3/1.0	740 (-14%)	3mo	$35,000	$47	50
2211 W Butler St	0.68mi	2/1.0 (-1)	796 (-7%)	2mo	$27,500	$35	49
2600 W Fremont St	0.54mi	2/1.0 (-1)	968 (+13%)	8mo	$39,000	$40	42

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

Projected returns pro-forma

0.63% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 51.0%
• Equity multiple: 3.59×
• Total profit: $30,509
• Equity at exit: $13,541

10-year hold

• IRR: 53.0%
• Equity multiple: 7.20×
• Total profit: $72,866
• Equity at exit: $17,394

Cash invested: $11,760 (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 61605

• Home prices YoY: 0.4%
• Active inventory: 42
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,002 high
• Mortgage (P&I): −$220
• Tax from tax record: −$76 /mo · $907/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $478

Break-even live

Break-even rent $397

Max offer price $42,000

Occupancy floor 47%

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: $10,500
• Closing costs: $1,260
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2116 W Proctor St Peoria, IL	2.0	1.0	912	$879	$0.96	13d	1	0.27mi
2320 W Garden St Peoria, IL	2.0	1.0	1096	$1,000	$0.91	44d	1	0.27mi
1507 S Livingston St Peoria, IL	2.0	1.0	842	$946	$1.12	44d	1	0.27mi
1610 S Lydia Ave Peoria, IL	4.0	1.0	850	$850	$1.00	13d	1	0.36mi
928 S Matthew St Peoria, IL	2.0	1.0	1080	$748	$0.69	13d	1	0.37mi
945 S Shelley St Peoria, IL	1.0–3.0	1.0–2.0	929	$1,025	$1.10	13d	1	0.46mi
2804 W Humboldt St Peoria, IL	3.0	1.0	1060	$995	$0.94	13d	1	0.67mi
2822 W Antoinette St Peoria, IL	2.0	1.0	720	$1,149	$1.60	21d	1	0.70mi
1540 W Kettelle St Peoria, IL	3.0	1.0	1001	$748	$0.75	13d	1	0.76mi
2317 W Martin Luther King Junior Dr Unit 2-214 Peoria, IL	2.0	1.0	807	$800	$0.99	44d	1	0.77mi
2317 W Martin Luther King Junior Dr Peoria, IL	1.0–2.0	1.0	697	$800	$1.15	13d	3	0.77mi
3001 W Wiswall St Peoria, IL	2.0	1.0	1000	$1,100	$1.10	13d	1	0.88mi
3031 W Wiswall St Peoria, IL	2.0	1.0	1100	$1,100	$1.00	13d	1	0.96mi
906 S Tonti Cir Peoria, IL	2.0	1.0	780	$950	$1.22	13d	1	0.97mi
1825 S Kneer Ave Peoria, IL	2.0	1.0	858	$858	$1.00	13d	1	1.01mi
2916 W Meidroth St Peoria, IL	2.0	1.0	1125	$1,049	$0.93	21d	1	1.04mi
1401 W Adrian G Hinton Ave Peoria, IL	2.0	1.0	1100	$775	$0.70	44d	1	1.13mi
1220 W John H Gwynn Jr Ave Peoria, IL	2.0	1.0	853	$745	$0.87	21d	1	1.21mi
214 Pecan St Peoria, IL	2.0	1.0	1050	$1,595	$1.52	13d	1	1.23mi

Listing history 45 events

1. 2026-06-19
   days on market $42,000 Active 21 DOM
2. 2026-06-18
   days on market $42,000 Active 20 DOM
3. 2026-06-17
   days on market $42,000 Active 19 DOM
4. 2026-06-16
   days on market $42,000 Active 18 DOM
5. 2026-06-15
   days on market $42,000 Active 17 DOM
6. 2026-06-14
   days on market $42,000 Active 15 DOM
7. 2026-06-13
   days on market $42,000 Active 14 DOM
8. 2026-06-10
   days on market $42,000 Active 12 DOM
9. 2026-06-09
   days on market $42,000 Active 11 DOM
10. 2026-06-08
    days on market $42,000 Active 10 DOM
11. 2026-06-07
    days on market $42,000 Active 9 DOM
12. 2026-06-03
    days on market $42,000 Active 5 DOM
13. 2026-06-02
    days on market $42,000 Active 4 DOM
14. 2026-06-01
    days on market $42,000 Active 3 DOM
15. 2026-05-31
    days on market $42,000 Active 2 DOM
16. 2026-05-30
    statusdays on marketlisting id $42,000 Active 1 DOM
17. 2026-05-02
    historical Under Contract
18. 2026-04-03
    status Active
19. 2026-03-28
    status Pending
20. 2026-02-06
    historical $650
21. 2026-02-01
    listed $42,000 Active
22. 2026-01-15
    price $650
23. 2025-12-20
    price $695
24. 2025-12-16
    price $750
25. 2025-11-20
    price $795
26. 2025-11-01
    price $850
27. 2025-10-04
    listed $895
28. 2024-09-06
    historical $595
29. 2024-08-10
    price $595
30. 2024-06-13
    price $650
31. 2024-05-10
    listed $695
32. 2024-04-10
    historical $695
33. 2024-03-20
    status Active
34. 2024-03-20
    historical
35. 2024-03-19
    listed $695
36. 2024-03-04
    status Pending
37. 2024-02-11
    historical $795
38. 2024-02-09
    listed Active
39. 2024-01-20
    price $795
40. 2023-12-29
    price $850
41. 2023-12-07
    listed $895
42. 2022-08-12
    price $895
43. 2022-07-15
    soldstatus $30,000 Closed 383-char remark

    Show marketing remark (383 chars)

    Come take a look at this well maintained 3 bedroom home in Peoria! This home offers a spacious layout w/ updated flooring. Freshly painted kitchen cabinets and main floor bathroom just off the kitchen. Finished upper level offers 3rd bedroom. Basement also allows for additional storage. Covered porch and patio and so much more. Property is being sold As-Is. Come take a look today!

44. 2022-06-30
    status Pending 383-char remark

    Show marketing remark (383 chars)

    Come take a look at this well maintained 3 bedroom home in Peoria! This home offers a spacious layout w/ updated flooring. Freshly painted kitchen cabinets and main floor bathroom just off the kitchen. Finished upper level offers 3rd bedroom. Basement also allows for additional storage. Covered porch and patio and so much more. Property is being sold As-Is. Come take a look today!

45. 2022-06-28
    listed $24,900 Active 383-char remark

    Show marketing remark (383 chars)

    Come take a look at this well maintained 3 bedroom home in Peoria! This home offers a spacious layout w/ updated flooring. Freshly painted kitchen cabinets and main floor bathroom just off the kitchen. Finished upper level offers 3rd bedroom. Basement also allows for additional storage. Covered porch and patio and so much more. Property is being sold As-Is. Come take a look today!

ⓘ 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: $907 · $76/mo
• Projected year-2 tax: $930 · $78/mo
• Expected delta: +$23/yr (+$2/mo · 2.5%)

ⓘ 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: $12,021
• − Mortgage interest: −$2,353
• − Property taxes: −$907
• − Insurance: −$210
• − Repairs & maintenance: −$962
• − Management: −$962
• − Depreciation: −$1,222
• Taxable income: $5,406
• Est. tax owed @ 24.0%: −$1,297
• After-tax cash flow: $4,439/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): 13,424
• Household income: $26,392
• Rent vs Own: 57.5% rent · 42.5% own
• Severe rent burden: 1385.0

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 0.61)
• Race & ethnicity: Black 56% White 27% Hispanic / Latino 12% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Lithuanian 1% Iranian 1% Portuguese 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 7%

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: ▲ 0.63%
• Current HPI: 170.5814
• Rent YoY: —
• 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

+68.7% since first listed

29 events — show timeline

• 2026-05-02 Contingent — RMLSA as Distributed by MLS Grid
• 2026-04-03 Relisted — RMLSA as Distributed by MLS Grid
• 2026-03-28 Pending — RMLSA as Distributed by MLS Grid
• 2026-02-06 Rental Removed $650 BUILDIUM
• 2026-02-01 Listed $42,000 RMLSA as Distributed by MLS Grid
• 2026-01-15 Price Changed $650 BUILDIUM
• 2025-12-20 Price Changed $695 BUILDIUM
• 2025-12-16 Price Changed $750 BUILDIUM
• 2025-11-20 Price Changed $795 BUILDIUM
• 2025-11-01 Price Changed $850 BUILDIUM
• 2025-10-04 Listed for Rent $895 BUILDIUM
• 2024-09-06 Rental Removed $595 BUILDIUM
• 2024-08-10 Price Changed $595 BUILDIUM
• 2024-06-13 Price Changed $650 BUILDIUM
• 2024-05-10 Listed for Rent $695 BUILDIUM
• 2024-04-10 Rental Removed $695 BUILDIUM
• 2024-03-20 Relisted — RMLSA as Distributed by MLS Grid
• 2024-03-20 Listing Removed — RMLSA as Distributed by MLS Grid
• 2024-03-19 Listed for Rent $695 BUILDIUM
• 2024-03-04 Pending — RMLSA as Distributed by MLS Grid
• 2024-02-11 Rental Removed $795 BUILDIUM
• 2024-02-09 Listed — RMLSA as Distributed by MLS Grid
• 2024-01-20 Price Changed $795 BUILDIUM
• 2023-12-29 Price Changed $850 BUILDIUM
• 2023-12-07 Listed for Rent $895 BUILDIUM
• 2022-08-12 Price Changed $895 BUILDIUM
• 2022-07-15 Sold (MLS) $30,000 RMLSA as Distributed by MLS Grid
• 2022-06-30 Pending — RMLSA as Distributed by MLS Grid
• 2022-06-28 Listed $24,900 RMLSA as Distributed by MLS Grid

Property tax history

+5.8%/yr

Latest (2024): $907 · +4.7% YoY. Source: county tax records.