632 Haungs Ave · Peoria, IL 61603

$29,900

2 bd · 1.0 ba · 1,294 sqft · SingleFamily public records · 4 Days on market

Built 1920 4,356 sqft lot Est $56k · 46% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

PROPERTY SOLD AS-IS CONDIDITON. Proof of funds or prequalification letter and copy of earnest money check (made out to Jim Maloof Realtor) MUST accompany all offers for consideration. Addendums to be signed ONLY after an offer has been accepted. Information and dimensions approximate - not guaranteed.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1920

Property features AI

Finance

• Other: Located in the Jefferson Park subdivision
• HOA & community: No association fees listed

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer; Gas for water heater and heating
• Home design: Single-family residence; Built in 1920
• Construction: Full unfinished basement
• Exterior features: Level lot; Paved road access; Shingle roof

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 2 bedrooms (both on the upper level)
• Flooring: Hardwood in bedrooms; Carpet in living and dining rooms; Vinyl in kitchen
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced-air heating
• Interior features: Full unfinished basement; No fireplaces
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $505 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($950 rent vs $30k).
• Cap rate 26.6% 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 leasing fast (median 13d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $897 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 $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 20y 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 $9k; list at $30k implies a 232% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,900

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 3.18% ✓
• Cap rate: 26.58%
• Cash-on-cash: 72.44%
• DSCR: 4.22
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $55,642
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
520 Alexander Ave	0.10mi	2/1.0	1,260 (-3%)	9mo	$13,000	$10	84
631 Vine St	0.11mi	3/1.5 (+1)	1,268 (-2%)	15mo	$45,900	$36	72
805 Abington St	0.48mi	2/1.0	1,344 (+4%)	6mo	$52,500	$39	66
1712 NE Monroe St	0.65mi	3/1.0 (+1)	1,280 (-1%)	1mo	$55,000	$43	62
3419 NE Adams St	0.52mi	2/1.0	1,175 (-9%)	6mo	$63,000	$54	55
2327 N Prospect Rd	0.67mi	2/1.0	1,224 (-5%)	6mo	$79,990	$65	55
509 SW Camblin Ave	0.28mi	3/1.0 (+1)	1,134 (-12%)	9mo	$15,000	$13	54
1110 E Arcadia Ave	0.73mi	3/1.0 (+1)	1,268 (-2%)	10mo	$90,000	$71	49
2714 N Prospect Rd	0.71mi	3/1.5 (+1)	1,336 (+3%)	10mo	$80,000	$60	46
1618 NE Madison Ave	0.74mi	3/1.0 (+1)	1,380 (+7%)	5mo	$31,750	$23	46
2405 N Atlantic Ave	0.74mi	3/1.0 (+1)	1,388 (+7%)	5mo	$50,000	$36	44
2208 NE Perry Ave	0.30mi	3/1.0 (+1)	1,104 (-15%)	15mo	$50,000	$45	44

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: 72.8%
• Equity multiple: 4.33×
• Total profit: $27,852
• Equity at exit: $4,458

10-year hold

• IRR: 76.8%
• Equity multiple: 9.10×
• Total profit: $67,806
• Equity at exit: $2,585

Cash invested: $8,372 (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: 2.6×

Monthly cashflow live

• Estimated rent: $950 high
• Mortgage (P&I): −$157
• Tax from tax record: −$76 /mo · $910/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $505

Break-even live

Break-even rent $310

Max offer price $29,900

Occupancy floor 42%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
526 Fairholm Ave Peoria, IL	3.0	2.0	1174	$925	$0.79	43d	1	0.19mi
2302 NE Monroe St Peoria, IL	3.0	1.0	1100	$875	$0.80	13d	1	0.26mi
2121 N Prospect Rd Peoria, IL	3.0	1.0	946	$802	$0.85	13d	1	0.67mi
506 Caroline St Unit B Peoria, IL	2.0	1.0	1000	$900	$0.90	13d	1	0.87mi
505 E Virginia Ave Peoria, IL	2.0	2.0	1204	$758	$0.63	13d	1	1.26mi
308 E Archer Ave Peoria, IL	3.0	1.0	1444	$950	$0.66	13d	1	1.35mi
901 NE Glen Oak Ave Unit 2 Peoria, IL	3.0	1.0	1120	$1,200	$1.07	21d	1	1.36mi

Listing history 5 events

1. 2026-04-29
   status Pending
2. 2026-04-23
   listed $29,900 Active
3. 2021-08-06
   historical
4. 2006-10-20
   soldstatus $9,000 305-char remark

   Show marketing remark (305 chars)

   PROPERTY SOLD AS-IS CONDIDITON. Proof of funds or prequalification letter and copy of earnest money check (made out to Jim Maloof Realtor) MUST accompany all offers for consideration. Addendums to be signed ONLY after an offer has been accepted. Information and dimensions approximate - not guaranteed.

5. 2006-07-12
   listed $9,350 305-char remark

   Show marketing remark (305 chars)

   PROPERTY SOLD AS-IS CONDIDITON. Proof of funds or prequalification letter and copy of earnest money check (made out to Jim Maloof Realtor) MUST accompany all offers for consideration. Addendums to be signed ONLY after an offer has been accepted. Information and dimensions approximate - not guaranteed.

ⓘ 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: $910 · $76/mo
• Projected year-2 tax: $910 · $76/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: $11,400
• − Mortgage interest: −$1,675
• − Property taxes: −$910
• − Insurance: −$150
• − Repairs & maintenance: −$912
• − Management: −$912
• − Depreciation: −$870
• Taxable income: $5,972
• Est. tax owed @ 24.0%: −$1,433
• After-tax cash flow: $4,631/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

+219.8% since first listed

5 events — show timeline

• 2026-04-29 Pending — RMLSA as Distributed by MLS Grid
• 2026-04-23 Listed $29,900 RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2006-10-20 Sold (MLS) $9,000 RMLSA as Distributed by MLS Grid
• 2006-07-12 Listed $9,350 RMLSA as Distributed by MLS Grid

Property tax history

+0.7%/yr

Latest (2024): $910 · +4.8% YoY. Source: county tax records.