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 came down on the roof last year, causing damage across several areas. A large tarp is currently in place keeping the interior dry and protected. A local, trusted roofer has already assessed the damage and quoted $7,000 to complete all necessary repairs — giving you a clear, defined scope of work with no guessing involved. For a buyer willing to tackle that project, the upside is significant.

Beyond the roof, this home is described by the seller as structurally sound with a good neighborhood surrounding it. It also 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.

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 $75,000, just $2,000 down, and monthly payments of $850, this property is accessible without a traditional bank loan or lengthy approval process. When you factor in the quoted 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.