Investor Special in Peoria! 3BR Rehab Opportunity w/ Fire Mitigation Complete + $1,500 Down
This property is a great opportunity for investors or contractors looking for a profitable rehab project. With fire mitigation already completed by ServPro, this home offers a strong foundation for a full renovation and long-term value.
Property Details:
Beds: 3
Baths: 1.5
Square Feet: 1,296
Down Payment: $1,500
Monthly Payment: $550
Interest Rate: 11.1014%
Monthly Principal: $456
Insurance Included: Yes
Property Condition:
This property experienced a fire and has been professionally mitigated by ServPro. The home is ready for full rehabilitation. Ideal for electricians, plumbers, or investors seeking a value-add project with strong upside potential.
Why This Property Stands Out:
Affordable entry price with low down payment
Fire damage already mitigated, making the rehab process more manageable
Solid 1,296 sq ft layout with strong potential for redesign and value appreciation
Low monthly payment and insurance included
Great opportunity to build equity or execute a BRRRR strategy
Investment Highlights:
Strong ARV potential after renovation
Attractive holding costs during rehab
High rental demand for updated 3-bed homes in Peoria
Excellent opportunity for value-add investors seeking a high-return project
Neighborhood & Location Perks:
Located in a stable Peoria neighborhood with access to schools, shopping, parks, and main commuter routes. The area has consistent rental demand, making this an excellent long-term hold or fix-and-flip opportunity.
Contact Today for More Info or to Schedule a Showing:
Credit Friendly Homes
Sold for $42,500
$42,500
1821 S Lydia Ave, Peoria, IL 61605
3beds
1,296sqft
Single Family Residence
Built in ----
-- sqft lot
$72,400 Zestimate®
$33/sqft
$1,290 Estimated rent
Home value
$72,400
$53,000 - $95,000
$1,290/mo
Zestimate® history
Owner options
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$1,290/mo
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$1,290/mo
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$268/mo
Est. payment
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$268/mo
Est. payment
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Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Interior area
- Total interior livable area: 1,296 sqft
Property
Parking
- Details: Contact manager
Features
- Exterior features: Smoke Free
Details
- Parcel number: 18/18/480/023
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Community & HOA
Community
- Features: Smoke Free
- Deposit fee: $1,500
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $33/sqft
- Tax assessed value: $35,880
- Annual tax amount: $630
- Date on market: 12/19/2025
- Lease term: 1 Month
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2026 | Listing removed | $550 |
Source: Zillow Rentals Report a problem | ||
| 12/19/2025 | Listed for rent | $550 |
Source: Zillow Rentals Report a problem | ||
| 4/1/2024 | Sold | $42,500+1.2%$33/sqft |
Source: Public Record Report a problem | ||
| 1/22/2016 | Sold | $42,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $630 +11.9% | $11,960 +8.9% |
| 2023 | $563 +58.9% | $10,980 +26.6% |
| 2022 | $354 +9.2% | $8,670 +5% |
| 2021 | $324 +1.7% | $8,260 +1% |
| 2020 | $319 -4.5% | $8,180 -2% |
| 2019 | $334 +0.2% | $8,350 -0.8% |
| 2018 | $333 -1.6% | $8,420 -1.1% |
| 2017 | $338 -5.5% | $8,510 |
| 2016 | $358 -55.1% | $8,510 +2% |
| 2015 | $797 +14.1% | $8,340 +9.9% |
| 2014 | $699 +0% | $7,590 -1.2% |
| 2013 | $699 -2.2% | $7,680 -4.8% |
| 2011 | $714 | $8,070 +1% |
| 2010 | -- | $7,990 +1326.8% |
| 1998 | $50 | $560 |
Find assessor info on the county website
Neighborhood: 61605
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Nearby schools
GreatSchools rating
- 4/10Annie JO Gordon Comm Lrning CenterGrades: K-8Distance: 0.5 mi
- 1/10Manual High SchoolGrades: 9-12Distance: 0.9 mi
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$72,400
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With Zillow Showcase(estimated)
$73,848
- Illinois
- Peoria County
- Peoria
- 61605
- 1821 S Lydia Ave