2414 W Malone St · Peoria, IL 61605

$25,000

1 bd · 1.0 ba · 672 sqft · SingleFamily public records · 260 Days on market

Built 1950 4,820 sqft lot $37/sqft · at area comps Est $25k · at est.

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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 +8.2/15.0
• Appreciation +5.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks MLS

Investment Opportunity Alert! Check out this fantastic property at 2414 West Malone St. Peoria IL 61605! This 1 bed, 1 bath home offers an 672 sqft and is just waiting for your personal touch. While it needs some TLC, its priced to sell fast, making it a perfect candidate for a fix and flip or a project home! Dont Miss Out! With plenty of potential, this home is ready for your creative vision! Location: Peoria, IL Opportunity: Unlimited! For more details or to schedule a viewing, contact: Joan Olson: 727-263-3034 [email protected] Cash buyers only $500 EMD 7 day inspection 30 days to close

Key facts

• 4,820 sq ft lot
• Built 1950
• Listed 260 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($878 rent vs $25k).
• Recommended offer: $22k (12.0% below list) — sets the bar for market timing.
• Cap rate 30.9% 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+, schools F, 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.
• Market conditions: 42 active listings in the ZIP; 5 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 40% of the median local income ($26k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $331 of equity ($173 loan paydown + $158 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 $7k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 260 days — a 12% lower offer ($22k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 12y 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 $10k; list at $25k implies a 163% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $22,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 260 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 3.51% ✓
• Cap rate: 30.89%
• Cash-on-cash: 87.86%
• DSCR: 4.91
• GRM: 2.4

CMA / ARV

• ARV (median comp): $25,369
• List price: $25,000
• Delta: -1.45%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2304 W Proctor St	0.29mi	2/1.0 (+1)	672 (0%)	4mo	$39,500	$59	78
3000 Wiswall St	0.58mi	2/1.0 (+1)	676 (+1%)	1mo	$32,000	$47	66
2414 W Lincoln Ave	0.44mi	2/1.0 (+1)	660 (-2%)	7mo	$46,500	$70	66
2106 W Wiswall St	0.47mi	2/1.0 (+1)	672 (0%)	9mo	$21,000	$31	66
2322 W Marquette St	0.14mi	2/1.0 (+1)	768 (+14%)	2mo	$33,000	$43	63
1516 S Lydia Ave	0.36mi	2/1.0 (+1)	716 (+6%)	10mo	$31,000	$43	59
1509 S Western Ave	0.49mi	1/1.0	720 (+7%)	8mo	$12,000	$17	59
1609 S Idaho St	0.55mi	2/1.0 (+1)	720 (+7%)	6mo	$40,000	$56	52
2616 W Fremont St	0.30mi	2/1.0 (+1)	760 (+13%)	9mo	$52,000	$68	52
1508 S Lydia Ave	0.35mi	1/1.0	588 (-12%)	14mo	$17,000	$29	51
3214 W Proctor Pl	0.71mi	2/1.0 (+1)	720 (+7%)	5mo	$37,000	$51	46
2725 W Lincoln Ave	0.53mi	2/1.0 (+1)	770 (+15%)	2mo	$32,100	$42	45

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: 90.7%
• Equity multiple: 5.67×
• Total profit: $32,681
• Equity at exit: $8,060

10-year hold

• IRR: 91.6%
• Equity multiple: 11.67×
• Total profit: $74,718
• Equity at exit: $10,353

Cash invested: $7,000 (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: 2.4×

Monthly cashflow live

• Estimated rent: $878 high
• Mortgage (P&I): −$131
• Tax from tax record: −$40 /mo · $478/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$184
• Net cashflow: $512

Break-even live

Break-even rent $230

Max offer price $25,000

Occupancy floor 37%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2822 W Antoinette St Peoria, IL	2.0	1.0	720	$1,149	$1.60	21d	1	0.36mi
2317 W Martin Luther King Junior Dr Unit 1-106 Peoria, IL	1.0	1.0	588	$775	$1.32	43d	1	0.72mi
2317 W Martin Luther King Junior Dr Peoria, IL	1.0–2.0	1.0	697	$775	$1.11	13d	3	0.72mi
945 S Shelley St Peoria, IL	1.0–3.0	1.0–2.0	929	$795	$0.86	13d	1	0.80mi
2807 W Nevada St Peoria, IL	1.0	1.0	540	$629	$1.16	21d	1	0.98mi

Listing history 35 events

1. 2026-06-19
   days on market $25,000 Active 260 DOM
2. 2026-06-18
   days on market $25,000 Active 259 DOM
3. 2026-06-17
   days on market $25,000 Active 258 DOM
4. 2026-06-16
   days on market $25,000 Active 257 DOM
5. 2026-06-15
   days on market $25,000 Active 256 DOM
6. 2026-06-14
   days on market $25,000 Active 254 DOM
7. 2026-06-13
   days on market $25,000 Active 253 DOM
8. 2026-06-10
   days on market $25,000 Active 251 DOM
9. 2026-06-09
   days on market $25,000 Active 250 DOM
10. 2026-06-08
    days on market $25,000 Active 249 DOM
11. 2026-06-07
    days on market $25,000 Active 248 DOM
12. 2026-06-03
    days on market $25,000 Active 244 DOM
13. 2026-06-02
    days on market $25,000 Active 243 DOM
14. 2026-06-01
    days on market $25,000 Active 242 DOM
15. 2026-05-31
    days on market $25,000 Active 241 DOM
16. 2026-05-30
    days on market $25,000 Active 240 DOM
17. 2025-11-21
    historical $472
18. 2025-10-02
    listed $25,000 Active 613-char remark

    Show marketing remark (613 chars)

    Investment Opportunity Alert! Check out this fantastic property at 2414 West Malone St. Peoria IL 61605! This 1 bed, 1 bath home offers an 672 sqft and is just waiting for your personal touch. While it needs some TLC, its priced to sell fast, making it a perfect candidate for a fix and flip or a project home! Dont Miss Out! With plenty of potential, this home is ready for your creative vision! Location: Peoria, IL Opportunity: Unlimited! For more details or to schedule a viewing, contact: Joan Olson: 727-263-3034 [email protected] Cash buyers only $500 EMD 7 day inspection 30 days to close

19. 2025-05-01
    listed $472
20. 2025-01-10
    historical $472
21. 2024-12-12
    listed $472
22. 2023-08-29
    historical
23. 2023-08-28
    listed
24. 2023-08-24
    historical
25. 2023-08-10
    listed
26. 2021-08-06
    historical
27. 2021-08-06
    historical
28. 2021-08-06
    historical
29. 2021-04-16
    soldstatus $9,500
30. 2021-04-14
    listed $9,500
31. 2014-12-08
    soldstatus $4,400
32. 2014-10-28
    listed $11,990
33. 2007-09-05
    soldstatus $37,000
34. 2006-07-25
    soldstatus $4,500
35. 2006-05-04
    soldstatus $3,000

ⓘ 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: $478 · $40/mo
• Projected year-2 tax: $523 · $44/mo
• Expected delta: +$45/yr (+$4/mo · 9.4%)

ⓘ 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: $10,539
• − Mortgage interest: −$1,400
• − Property taxes: −$478
• − Insurance: −$125
• − Repairs & maintenance: −$843
• − Management: −$843
• − Depreciation: −$727
• Taxable income: $6,122
• Est. tax owed @ 24.0%: −$1,469
• After-tax cash flow: $4,681/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

+733.3% since first listed

19 events — show timeline

• 2025-11-21 Rental Removed $472 Hemlane
• 2025-10-02 Listed $25,000 ForSaleByOwner.com
• 2025-05-01 Listed for Rent $472 Hemlane
• 2025-01-10 Rental Removed $472 RENT.
• 2024-12-12 Listed for Rent $472 RENT.
• 2023-08-29 Rental Removed — RENT.
• 2023-08-28 Listed for Rent — RENT.
• 2023-08-24 Rental Removed — RENT.
• 2023-08-10 Listed for Rent — RENT.
• 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
• 2021-04-16 Sold (MLS) $9,500 RMLSA as Distributed by MLS Grid
• 2021-04-14 Listed $9,500 RMLSA as Distributed by MLS Grid
• 2014-12-08 Sold (MLS) $4,400 RMLSA as Distributed by MLS Grid
• 2014-10-28 Listed $11,990 RMLSA as Distributed by MLS Grid
• 2007-09-05 Sold (Public Records) $37,000 Public Records
• 2006-07-25 Sold (Public Records) $4,500 Public Records
• 2006-05-04 Sold (Public Records) $3,000 Public Records

Property tax history

-0.4%/yr

Latest (2024): $478 · +4.9% YoY. Source: county tax records.