5 Bedroom c.1875 Illinois Gem - Love The Hardwoods and Large Windows Under $133K

$132,900

Motivated seller & massive equity potential! With over $35,000 in recent major systems and structural improvements already invested, this sprawling 4,000+ sq. ft. Illinois gem offers an incredible canvas for instant value-add. Designed on a grand scale with 5+ bedrooms and versatile bonus spaces, the footprint and upside here are simply unmatched.

Realtor Comments

EXCELLENT INVESTMENT PROPERTY! MAIN LEVEL 19 X 16 MASTER SUITE! 10 FT CEILINGS ON THE MAIN LEVEL WITH FORMAL AND INFORMAL DINING ROOM SPACE! HISTORICAL CHARM AND CHARACTER YOU WOULD EXPECT WITH THIS BEAUTIFUL CURVED STAIRCASE TO UPPER LEVEL GREETING YOU AS YOU WALK INTO THE HOME & SO MUCH MORE. MAJOR LARGER UPGRADES ALREADY COMPLETED FOR NEW BUYER INCLUDING ROOF, BOTH FURNACES AND AIR UNITS, WINDOWS, WATER HEATER, APPLIANCES, SOME ROOMS REMODELED, NEW PLUMBING INSTALLED FOR UPPER BATH AND READY FOR FINISHING PLUS MORE. HOME STILL NEEDS FURTHER UPGRADES AND REFLECTED IN THE PRICE. HUGE COVERED PORCH, ATTACHED GARAGE WITH WORKSHOP AREA, FENCED IN YARD, AND MORE. HOME HAS BEEN FEAUTURED IN HISTORICAL ARTICLES AND MAGAZINES IN RECENT YEARS.

5bd
1ba
4,236sqft
Circa 1875

More Illinois Properties

715 N 4th St, Pekin, IL 61554

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.

Contact Realtor: Jennifer M Bradshaw

Brokered by RE/MAX Traders Unlimited

Google Maps

Niche

Pros

Exceptional Housing Affordability: The median home value floats around $115,000 to $125,000—drastically lower than state and national averages. It provides an accessible entry point for first-time buyers, investors, or those looking to stretch their dollar.
Proximity to Peoria: Being just a 15- to 20-minute drive from Peoria gives residents easy access to larger employment markets, major medical systems (OSF HealthCare, Carle Health), and expanded shopping or cultural options without paying higher city taxes.
Extensive Park System: Pekin boasts impressive public green spaces, anchored by the iconic 200-acre Mineral Springs Park (featuring a lagoon, pavilion, splash pad, and sports complex) alongside nearby nature preserves and riverfront access.
Strong Community Events: Events like the annual Marigold Festival foster a traditional, close-knit Midwest community spirit that brings the town together every autumn.

Cons

Industrial Odors & Environment: Because the town hosts heavy industrial operations (including corn processing facilities along the river), localized industrial smells and air quality issues can be a downside depending on wind direction and where you live.
Property Taxes & Aging Infrastructure: While initial purchase prices are low, Illinois property tax rates run high. Additionally, portions of the town’s older housing stock and road infrastructure require ongoing maintenance.
Slower Local Job & Economic Growth: The local economy is largely tied to manufacturing, logistics, and retail. Dynamic, higher-paying corporate or specialized career opportunities within Pekin itself are limited, making many residents dependent on commutes.
Limited Nightlife & Entertainment: Aside from local taverns, casual dining, and chain restaurants, broader entertainment, boutique shopping, and diverse nightlife options require driving into Peoria or surrounding metros.