c.1940 Affordable Illinois Home For Sale With Unpainted Woodwork $59,900
$59,900
Affordable Illinois home has an enclosed front porch, detached garage, hardwood floors, unpainted woodwork, three bedrooms, one bath.
Realtor Comments
Great 3 bed 1 bath home with a 1 car garage ready to be added to your investment portfolio.
- 3bed
- 1bath
- Circa 1940
2127 N Delaware Ave, Peoria, IL 61603 $59,900
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros of Living in Peoria, IL
1. Affordable Cost of Living
Peoria boasts a cost of living that’s approximately 24.4% lower than the U.S. average, making it an attractive option for families, retirees, and young professionals. Housing costs are particularly affordable, with the median home price around $104,801
2. Rich Cultural and Historical Heritage
The city is known for its historical charm, featuring old European architecture and a vibrant arts scene. Residents appreciate the blend of big-city amenities with a small-town feel, offering a unique living experience
3. Access to Outdoor Recreation
Peoria’s location along the Illinois River provides picturesque views and opportunities for outdoor activities. The city experiences all four seasons, allowing residents to enjoy a variety of seasonal events and natural beauty .
4. Educational Opportunities
Peoria is home to several reputable educational institutions, including Bradley University. The presence of these institutions contributes to the city’s educational landscape and offers opportunities for higher education and cultural events.
5. Strategic Location
Situated in central Illinois, Peoria offers convenient access to major cities like Chicago, St. Louis, and Indianapolis, each within a few hours’ drive. This central location is beneficial for travel and business connections .
Cons of Living in Peoria, IL
1. Higher Crime Rates
Peoria has a crime rate of 4,327 per 100,000 residents, which is 86.15% higher than the national average. While not all areas are affected equally, it’s important for potential residents to research neighborhoods carefully
2. Economic Challenges
The local economy has faced challenges, with an unemployment rate of 9.0%, higher than the national average of 6.0%.Job growth has decreased by 7.5% over the last year, and future job growth over the next ten years is predicted to be 17.4%, lower than the U.S. average of 33.5%
3. High Tax Rates
Illinois has some of the highest property taxes in the nation, and Peoria is no exception. Residents may find the tax burden higher compared to other states, impacting overall affordability
4. Aging Infrastructure
Some parts of Peoria have aging infrastructure and may appear run-down. This can affect the aesthetic appeal of certain neighborhoods and may require attention from local authorities .
5. Limited Public Transportation
While Peoria does have public transportation options, they may not be as extensive or convenient as those in larger metropolitan areas. Residents often rely on personal vehicles for commuting and daily activities.
