Located in the 61603 zip code on Peoria's northeast side, this 3-bedroom, 1-bathroom home at 1117 NE Glendale Ave offers a rare opportunity for the hands-on buyer looking to build equity from day one. At 1,500 square feet, this is a solidly built home with good bones — and with the right investment in repairs, it has the potential to become a standout property in an established Peoria neighborhood.

Here's the honest story: a tree fell on the roof last summer. The roof has since been repaired and made watertight, but interior water damage remains to the sheetrock walls and ceiling. Additionally, a child tested positive for lead at the property last year, and the city has placed a lead order on the house — meaning the home must be made lead safe before a tenant buyer can occupy it. A scope of work from the city inspection is attached for review.

A city program will cover 80 percent of the lead remediation work, but the interior water damage must be repaired before that work can begin. The estimated out-of-pocket cost for all remaining repairs is $4,800. All repairs are the buyer's responsibility — the seller will not be completing any work. For a buyer equipped to handle that scope, the upside is significant.

Beyond the repair items, this home includes a garage — a feature that adds both convenience and value in the Peoria market. The property is vacant and ready for you to get started immediately. The seller describes the surrounding neighborhood as good, and the home itself as structurally sound with good bones.

Peoria is central Illinois's largest city, with an active housing market and strong demand for affordable, owner-financed homes. With a purchase price of $65,000, just $1,000 down, and monthly payments of $750, this property is accessible without a traditional bank loan or lengthy approval process. When you factor in the estimated repair cost against the purchase price, the numbers tell a compelling story for the value-minded buyer.

If you're a contractor, investor, or motivated homebuyer who knows how to recognize a diamond in the rough, this Peoria property deserves a serious look.