2119 N Wellington Dr · Peoria, IL 61604

$100,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 4 Days on market

Built 1956 7,704 sqft lot $99/sqft · 11% above area Est $90k · 11% 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 +26.0/30.0
• DSCR +8.7/10.0
• 1% rule +7.6/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• ARV discount +2.4/15.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move right into this nicely remodeled 3BR, 1BA home! Spacious eat in kitchen has new countertops, sink & faucet in 2019. Flooring throughout the living room, kitchen, hall & 1 bedroom all 4 years old. Bathroom remodeled in 2019. Carpet in 2 additional bedrooms under 2 years. Furnace, CA & water heater all new in 2012. Windows have all been replaced within the last 10 years. Interior has been freshly painted. Fenced in backyard includes a covered & uncovered patio & storage shed. 20x14 garage plus a carport. Abundance of storage throughout home and garage including a walk up attic.

Key facts

• 7,704 sq ft lot
• Garage
• Built 1956

Property features AI

Exterior

• Parking: Attached garage with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Built in 1956
• Construction: Shingle roof; Total building area listed as 1008
• Exterior features: Level lot; Lot dimensions approximately 72 x 107

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 3 bedrooms (main level and additional levels present); Primary/bedrooms with egress windows
• Flooring: Carpet in some bedrooms; Laminate flooring in other bedrooms, living room and kitchen
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: No basement; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.3% 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 (+2.3%/yr); 180 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $691 of loan paydown is wiped out by about $3k 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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y 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: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1956 — 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: 1.26% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.67%
• DSCR: 1.47
• GRM: 6.6

CMA / ARV

• ARV (median comp): $89,763
• List price: $100,000
• Delta: 11.40%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2119 N Wellington Dr	0.00mi	3/1.0	1,008 (0%)	1mo	$100,000	$99	100
2625 W Kansas St	0.12mi	3/1.0	960 (-5%)	6mo	$92,500	$96	81
2138 N Windermere Ave	0.06mi	3/1.0	1,092 (+8%)	6mo	$74,900	$69	78
1726 N Pierson Dr	0.29mi	2/1.0 (-1)	1,020 (+1%)	10mo	$91,410	$90	71
2530 N Victoria Ave	0.45mi	3/2.0	1,040 (+3%)	3mo	$119,500	$115	68
1908 N Idaho St	0.34mi	3/1.0	1,073 (+6%)	8mo	$54,000	$50	67
2703 N Golf Dr	0.59mi	2/1.0 (-1)	1,000 (-1%)	6mo	$93,900	$94	61
1328 N Stever Ave	0.63mi	3/1.0	1,073 (+6%)	2mo	$78,500	$73	58
2318 N Northcrest Dr	0.42mi	4/1.0 (+1)	1,112 (+10%)	6mo	$110,000	$99	53
2021 W Newman Pkwy	0.57mi	3/1.0	1,118 (+11%)	8mo	$159,900	$143	48
2214 W Overbrook Dr	0.63mi	3/1.0	1,152 (+14%)	2mo	$140,000	$122	45
2212 W Dennis Ct	0.73mi	2/1.0 (-1)	864 (-14%)	0mo	$47,000	$54	37

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 · 2.3% rent growth · sell at horizon

5-year hold

• IRR: -1.1%
• Equity multiple: 0.96×
• Total profit: $-1,170
• Equity at exit: $14,910

10-year hold

• IRR: 7.8%
• Equity multiple: 1.57×
• Total profit: $16,057
• Equity at exit: $8,646

Cash invested: $28,000 (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 61604

• Home prices YoY: -24.6%
• Rents YoY: 2.3%
• Active inventory: 180
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,257 high
• Mortgage (P&I): −$524
• Tax from tax record: −$178 /mo · $2,138/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $249

Break-even live

Break-even rent $942

Max offer price $100,000

Occupancy floor 75%

Sensitivity live

Price	-10% $306	-5% $277	+0% $249	+5% $221	+10% $192
Rent	-10% $150	-5% $199	+0% $249	+5% $299	+10% $348
Rate	-1.0pp $299	-0.5pp $274	base $249	+0.5pp $223	+1.0pp $197

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1801 N Gentry Ln West Peoria, IL	3.0	1.0	1000	$1,650	$1.65	14d	1	0.34mi
2610 N Renwood Ave Peoria, IL	2.0	1.0	904	$1,300	$1.44	14d	1	0.42mi
2511 W Wardcliffe Dr Unit H Peoria, IL	2.0	1.0	800	$875	$1.09	44d	1	0.67mi
2920 N Rockwood Dr Apt B Peoria, IL	2.0	1.0	800	$895	$1.12	14d	1	0.67mi
2109 N Abbey Cir Peoria, IL	3.0	2.0	1088	$1,009	$0.93	14d	1	0.68mi
2700 W Forrest Hill Ave Peoria, IL	2.0	1.0	850	$850	$1.00	44d	1	0.77mi
2600 N Lavalle Ct Peoria, IL	1.0–3.0	1.0–2.0	803	$1,150	$1.43	14d	26	0.87mi
1019 N Farmington Rd Unit 1017 Peoria, IL	3.0	1.0	1304	$1,600	$1.23	44d	1	1.14mi
1413 W Gilbert Ave Peoria, IL	2.0	2.0	1428	$1,500	$1.05	14d	1	1.15mi
3444 W Dorchester Rdg Peoria, IL	2.0	2.0	1089	$1,275	$1.17	14d	1	1.17mi
2601 W Kenwood Ave West Peoria, IL	3.0	1.5	1405	$1,500	$1.07	14d	1	1.18mi
2023 N Underhill St Peoria, IL	3.0	1.0	1050	$1,200	$1.14	14d	1	1.18mi
3438 W Villa Rdg Unit A Peoria, IL	2.0	1.5	874	$1,200	$1.37	22d	1	1.22mi
3601 N Kingston Dr Peoria, IL	2.0	2.0	1030	$1,420	$1.38	14d	3	1.25mi
3629 N Leroy Ave Unit A Peoria, IL	2.0	1.0	1000	$1,150	$1.15	44d	1	1.29mi
905 W Thrush Ave Peoria, IL	2.0	1.0	750	$950	$1.27	22d	1	1.42mi
913 W McClure Ave Peoria, IL	3.0	1.0	1400	$1,200	$0.86	22d	1	1.42mi
903 W Brons Ave Peoria, IL	3.0	1.0	971	$995	$1.02	44d	1	1.42mi
1723 W Fredonia Ave Peoria, IL	4.0	2.5	1219	$2,100	$1.72	14d	1	1.43mi
812 W Macqueen Ave Peoria, IL	2.0	1.0	822	$795	$0.97	44d	1	1.50mi

Listing history 9 events

1. 2026-05-04
   status Pending 390-char remark
2. 2026-04-30
   historical
3. 2026-04-30
   listed $100,000 Active 390-char remark
4. 2026-04-06
   listed Active
5. 2019-04-26
   soldstatus $74,900

   Show marketing remark (607 chars)

   Move right into this nicely remodeled 3BR, 1BA home! Spacious eat in kitchen has new countertops, sink & faucet in 2019. Flooring throughout the living room, kitchen, hall & 1 bedroom all 4 years old. Bathroom remodeled in 2019. Carpet in 2 additional bedrooms under 2 years. Furnace, CA & water heater all new in 2012. Windows have all been replaced within the last 10 years. Interior has been freshly painted. Fenced in backyard includes a covered & uncovered patio & storage shed. 20x14 garage plus a carport. Abundance of storage throughout home and garage including a walk up attic.

6. 2019-04-26
   soldstatus $74,900

   Show marketing remark (607 chars)

   Move right into this nicely remodeled 3BR, 1BA home! Spacious eat in kitchen has new countertops, sink & faucet in 2019. Flooring throughout the living room, kitchen, hall & 1 bedroom all 4 years old. Bathroom remodeled in 2019. Carpet in 2 additional bedrooms under 2 years. Furnace, CA & water heater all new in 2012. Windows have all been replaced within the last 10 years. Interior has been freshly painted. Fenced in backyard includes a covered & uncovered patio & storage shed. 20x14 garage plus a carport. Abundance of storage throughout home and garage including a walk up attic.

7. 2019-03-13
   listed $74,900

   Show marketing remark (607 chars)

   Move right into this nicely remodeled 3BR, 1BA home! Spacious eat in kitchen has new countertops, sink & faucet in 2019. Flooring throughout the living room, kitchen, hall & 1 bedroom all 4 years old. Bathroom remodeled in 2019. Carpet in 2 additional bedrooms under 2 years. Furnace, CA & water heater all new in 2012. Windows have all been replaced within the last 10 years. Interior has been freshly painted. Fenced in backyard includes a covered & uncovered patio & storage shed. 20x14 garage plus a carport. Abundance of storage throughout home and garage including a walk up attic.

8. 2004-02-02
   soldstatus $66,000
9. 2003-04-21
   listed $69,900

ⓘ 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: $2,138 · $178/mo
• Projected year-2 tax: $2,204 · $184/mo
• Expected delta: +$66/yr (+$5/mo · 3.1%)

ⓘ 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: $15,088
• − Mortgage interest: −$5,602
• − Property taxes: −$2,138
• − Insurance: −$500
• − Repairs & maintenance: −$1,207
• − Management: −$1,207
• − Depreciation: −$2,909
• Taxable income: $1,525
• Est. tax owed @ 24.0%: −$366
• After-tax cash flow: $2,622/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): 28,313
• Household income: $52,414
• Rent vs Own: 32.0% rent · 68.0% own
• Severe rent burden: 815.0

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: White 55% Black 29% Two or more races 10% Hispanic / Latino 7% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 1% Iranian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 92% English-only · Spanish 4% Chinese 1% French/Haitian/Cajun 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: ▼ -54.15%
• Current HPI: 165.8838
• Rent YoY: ▲ 2.30%
• 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

+43.1% since first listed

10 events — show timeline

• 2026-06-03 Sold (MLS) $100,000 RMLSA as Distributed by MLS Grid
• 2026-05-04 Pending — RMLSA as Distributed by MLS Grid
• 2026-04-30 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-04-30 Listed $100,000 RMLSA as Distributed by MLS Grid
• 2026-04-06 Listed — RMLSA as Distributed by MLS Grid
• 2019-04-26 Sold (Public Records) $74,900 Public Records
• 2019-04-26 Sold (MLS) $74,900 RMLSA as Distributed by MLS Grid
• 2019-03-13 Listed $74,900 RMLSA as Distributed by MLS Grid
• 2004-02-02 Sold (MLS) $66,000 RMLSA as Distributed by MLS Grid
• 2003-04-21 Listed $69,900 RMLSA as Distributed by MLS Grid

Property tax history

+3.1%/yr

Latest (2025): $2,138 · +8.9% YoY. Source: county tax records.