1601 NE Jefferson Ave · Peoria, IL 61603

$68,000

4 bd · 1.0 ba · 1,377 sqft · SingleFamily public records · 10 Days on market

Built 1915 3,920 sqft lot Est $58k · 18% over

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Why this score? — see what drove the C+ 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
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

ATTENTION NEW OR SEASONED INVESTORS! 4 BEDROOM 1 BATH 1.5 STORY HOME IN THE HEART OF PEORIA GENERATES $13,200 ANNUAL INCOME! SITUATED ON A CORNER LOT JUST MINUTES FROM DOWNTOWN PEORIA, EAST PEORIA, & INTERSTATE ACCESS. YOU DON'T WANT TO MISS THIS ONE, SCHEDULE YOUR SHOWING TODAY!

Key facts

• 3,920 sq ft lot
• Garage
• Built 1915

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Built in 1915; 1,377 total building area
• Construction: Shingle roof
• Exterior features: Corner, level lot; Paved road access

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 4 bedrooms; Main level bedroom: 12 x 10, laminate flooring, egress window; Upper level bedroom: 15 x 10, laminate flooring, egress window; Upper level bedroom: 14 x 13, laminate flooring, egress window; Upper level bedroom: 10 x 9, laminate flooring, egress window
• Flooring: Laminate flooring throughout primary living areas and bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating via window units; No central cooling
• Interior features: Refrigerator included; Partial, unfinished basement
• Laundry & utility: Main level laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $475 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Cap rate 14.7% 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: Lincoln School (math 0% / reading 2%, grade F, #2,052 of 2,056 statewide, top 100%, 727 students, 0% FRL); 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: Rents rising (+3.5%/yr); 104 active listings in the ZIP; 7 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).
• This rent runs 34% 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 $470 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 $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,000

Questions for the listing agent

1. Built in 1915 — 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: 1.73% ✓
• Cap rate: 14.67%
• Cash-on-cash: 29.92%
• DSCR: 2.33
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $57,834
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1618 NE Madison Ave	0.07mi	3/1.0 (-1)	1,380 (+0%)	5mo	$31,750	$23	87
1712 NE Monroe St	0.18mi	3/1.0 (-1)	1,280 (-7%)	1mo	$55,000	$43	74
1404 NE Glendale Ave	0.34mi	3/1.0 (-1)	1,292 (-6%)	2mo	$35,000	$27	67
1501 NE Madison Ave	0.12mi	3/2.0 (-1)	1,576 (+14%)	1mo	$34,000	$22	61
503 Evans St	0.53mi	3/1.0 (-1)	1,289 (-6%)	2mo	$45,000	$35	58
1200 E Nebraska Ave	0.50mi	3/1.0 (-1)	1,410 (+2%)	14mo	$59,900	$42	56
1620 N Wisconsin Ave	0.63mi	3/1.5 (-1)	1,488 (+8%)	1mo	$90,000	$60	49
903 E Behrends Ave	0.64mi	3/1.0 (-1)	1,310 (-5%)	11mo	$93,000	$71	48
908 E Behrends Ave	0.61mi	3/1.5 (-1)	1,240 (-10%)	1mo	$65,000	$52	47
707 E Ravine Ave	0.75mi	3/1.0 (-1)	1,476 (+7%)	7mo	$25,000	$17	43
815 E Behrends Ave	0.66mi	3/2.5 (-1)	1,456 (+6%)	12mo	$155,000	$106	39
702 E Lasalle St	0.73mi	4/1.5	1,500 (+9%)	17mo	$59,000	$39	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: 25.0%
• Equity multiple: 2.04×
• Total profit: $19,811
• Equity at exit: $10,139

10-year hold

• IRR: 33.1%
• Equity multiple: 4.08×
• Total profit: $58,631
• Equity at exit: $5,879

Cash invested: $19,040 (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: 4.8×

Monthly cashflow live

• Estimated rent: $1,174 high
• Mortgage (P&I): −$357
• Tax from tax record: −$68 /mo · $816/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $475

Break-even live

Break-even rent $573

Max offer price $68,000

Occupancy floor 55%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2302 NE Monroe St Peoria, IL	3.0	1.0	1100	$875	$0.80	13d	1	0.63mi
2121 N Prospect Rd Peoria, IL	3.0	1.0	946	$802	$0.85	13d	1	0.68mi
901 NE Glen Oak Ave Unit 2 Peoria, IL	3.0	1.0	1120	$1,200	$1.07	21d	1	0.73mi
1806 N Peoria Ave Peoria, IL	4.0	1.5	1668	$894	$0.54	13d	1	1.02mi
526 Fairholm Ave Peoria, IL	3.0	2.0	1174	$925	$0.79	44d	1	1.04mi
308 E Archer Ave Peoria, IL	3.0	1.0	1444	$950	$0.66	13d	1	1.24mi
501 W Columbia Ter Unit 3 Peoria, IL	3.0	1.0	1500	$1,400	$0.93	44d	1	1.46mi

Listing history 9 events

1. 2026-06-19
   days on market $68,000 Active 10 DOM
2. 2026-06-18
   days on market $68,000 Active 9 DOM
3. 2026-06-17
   days on market $68,000 Active 8 DOM
4. 2026-06-16
   days on market $68,000 Active 7 DOM
5. 2026-06-15
   days on market $68,000 Active 6 DOM
6. 2026-06-14
   days on market $68,000 Active 4 DOM
7. 2026-06-13
   days on market $68,000 Active 3 DOM
8. 2026-06-10
   remarks 281-char remark
9. 2026-06-10
   listed $68,000 Active 1 DOM

ⓘ 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: $816 · $68/mo
• Projected year-2 tax: $1,180 · $98/mo
• Expected delta: +$364/yr (+$30/mo · 44.6%)

ⓘ 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: $14,092
• − Mortgage interest: −$3,809
• − Property taxes: −$816
• − Insurance: −$340
• − Repairs & maintenance: −$1,127
• − Management: −$1,127
• − Depreciation: −$1,978
• Taxable income: $4,894
• Est. tax owed @ 24.0%: −$1,175
• After-tax cash flow: $4,523/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

1 event — show timeline

• 2026-06-09 Listed $68,000 RMLSA as Distributed by MLS Grid

Property tax history

+4.1%/yr

Latest (2025): $816 · +6.4% YoY. Source: county tax records.