c.1920 Illinois Handyman Special For Sale $45K
$45,000
Step into this delightful 2-bedroom Illinois handyman special, complete with a standout garage equipped with its own electric panel and a built-in workbench—perfect for hobbies, projects, or extra storage.
Realtor Comments
While the home needs some TLC, all the mechanicals are in good working condition. The property boasts a great floorplan, well-maintained interior doors and trim, updated electrical systems, a formal living room, and an eat-in kitchen with good cabinets and countertops. The vinyl flooring in the living room, dining room, kitchen, and bathroom is in good shape, while the bedrooms are ready for new flooring. Additionally, the home includes a new main water line and a fenced yard. This property could be a fantastic rental opportunity or an affordable house with a great garage. Agent owned. Home sold as-is.
- 2bed
- 1bath
- Circa 1920
2918 NE Madison Ave, Peoria, IL 61603
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: Mark A Rosenberg
Pros
1. Affordable Living & Housing
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Cost of living is about 24–27% below national average.
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Median home prices: ~$105K–$136K
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Average rent: ~$800–950/month
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Utilities are 19–45% cheaper than national average
2. Central Location with Minimal Traffic
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Easy access to I‑74, I‑474, I‑155; commute times average just 17.5 minutes
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Most residents say: “There is no traffic here”—a major perk for daily living
3. Strong Arts, Culture & Recreation
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Riverfront life thrives with farmers’ markets, festivals, museums, and performing arts
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Peoria Riverfront Museum offers art, history, planetarium, and giant-screen theater
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Over 60 parks and thousands of acres of trails—including Wildlife Prairie Park & Metroparks
4. Good Healthcare & Education
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Home to major employers including OSF HealthCare, UnityPoint, Caterpillar, Bradley Univ., and ICC
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School districts like Dunlap ranked top 12 in Illinois; Bradley Univ. earns regional honors
5. Friendly, Family-Friendly Vibe
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Known for Midwest Nice—people are welcoming and supportive of community livet
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Thousands enjoy local festivals: Irish Fest, Oktoberfest, Pumpkin Fest, Festival of Lights
⚠️ Cons
1. Weather & Seasonal Extremes
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Full seasonal cycle: cold, snowy winters (avg ~23″) and hot, humid summers
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Frequent gray days; described by locals as “frigid icy winters… flooded springs, hot and humid summers”
2. Economy & Job Market Limitations
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Dominant industries: manufacturing, healthcare, education—but job growth lagging (~1.3%)
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Unemployment concerns; some cite difficulty finding employment without balance prior
3. Infrastructure & Taxes
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Higher property and sales taxes compared to national norms
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Some road quality issues and delays repairing potholes and lights
4. Crime & Economic Disparity
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Higher crime rates in spots; “concrete jungle” feel—segregation and safety concerns exist
5. Limited Culture & Transit
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Local scene described as B‑list concerts, light arts presence—big-city events require trips to Chicago/St. Louis
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Public transit is minimal; most residents rely on cars for daily needs
