$159,000 · PEORIA, IL 61614
Works for flippers · Works for landlords

Available

$159,000Asking price

4 bd · 2.5 ba · 2,082 sq ft · built 1966

PEORIA, IL 61614

Contract on file

via InvestorLift Classic

Listed 6 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $265,000
Asking price: −$159,000
RepairsMiddle of the seller’s $5,000 – $15,000. Ours: $29,500 – $62,000: −$10,000
Loan, holding, closing20% down, 12% interest, 2 points, 64 days: −$17,940
Profit29.5% of ARV · flippers want 10%+: $78,060
Works

Works for a flipper up to $207,000.

OPEN HOME

John

No reviews yet

Comps

Sales

Rents

ARV $265,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $248,000.

The sales behind this value are shown to members.

ARV $265,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

OPEN HOME

John

No reviews yet

Seller Description

OFF-MARKET NORTH PEORIA, IL | 4 BED | PREMIUM CORNER LOT | WHOLETAIL OPPORTUNITY

ASKING: $159,000 FIRM — PRICED TO MOVE

LOCATION: Peoria, IL 61614 — Willow Knolls

CONTACT JOHN: 662 -686- 8757

INVESTMENT POTENTIAL

Conservative Resale Scenario: $255,000
Potential Gross Spread: $56,000
4 Bed | 2.5 Bath | 2,080 Sq Ft (Seller Reported)
Oversized 0.28-Acre Corner Lot
2-Car Attached Garage
Good Overall Condition

WHY THIS DEAL STANDS OUT

Clean, Paint & Relist — Ideal Wholetail Opportunity
Major Capital Improvements Already Completed
Roof Replaced Around 2021
Main Sewer Line Replaced Around 2022
Newer Heating System
Established North Peoria Neighborhood
Minimal Renovation Strategy With Retail Resale Potential

THE OPPORTUNITY: A spacious 4-bedroom corner-lot home with major capital improvements already completed. An attractive opportunity for investors looking to clean it up, refresh the paint, and bring it back to the retail market without a major renovation.

DEAL TERMS

$159K FIRM
Solar Payment: $235/Month
Delivered Vacant at Closing
Sight-Unseen Offers Prioritized

CONTACT JOHN: 662 -686- 8757

Assignment opportunity. $255K resale is an unverified upside scenario. $56K gross spread includes assumed solar debt and excludes cleanup, repairs, financing, holding and selling costs. Buyer to verify all details.