1709 S Faraday
Peoria
IL

z
1709 S Faraday
Down Payment: $
2000
Monthly Payment: $
695
Home Overview
3
2
1709 S Faraday
69000
About This Home
Located in Peoria, Illinois — central Illinois's largest city — 1709 S Faraday offers a genuine opportunity for the right buyer: a 3-bedroom, 2-bathroom home with 1,268 square feet of living space and a detached garage, all accessible through owner financing with just $2,000 down and $695 per month. No traditional bank loan required.
That said, transparency matters here, and this listing demands it. The seller has disclosed significant known issues with this property: busted plumbing, missing copper wiring, and a compromised back wall that is currently falling in. This is not a property for a buyer looking for a finished, livable home without substantial work. This is a property for the experienced rehabber, the ambitious investor, or the hands-on buyer who understands what distressed real estate is worth when the bones are right and the price reflects the condition — and at $69,000 with owner financing, the price absolutely reflects it.
Peoria's south side has seen consistent investor interest as buyers seek affordable entry points into the central Illinois market. Comparable renovated homes in surrounding neighborhoods routinely command values well above this acquisition price, making the after-repair value story here potentially compelling for those with the skills and resources to execute a full rehabilitation.
The detached garage adds functional value to the lot and is a notable asset even in the property's current state. For buyers who understand distressed acquisitions, this combination — low down payment, low monthly carry cost, and a detached garage on a Peoria city lot — is worth a serious look.
Buyers should conduct full due diligence, arrange independent inspections, and budget realistically for what a complete rehab of this property would require before committing.
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Location & Payment Details
Market:
Peoria ILCity:
Peoria
Square Foot:
1268
Down Payment: $
2000
Monthly Payment: $
695
Term (Years):
30
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