1714 S Lydia Ave in Peoria, IL is a 2-bedroom, 1-bathroom home offering 888 square feet of solid potential at one of the most accessible price points you'll find anywhere in central Illinois. Listed at just $15,000 with $750 down and $225 per month, this is a genuine opportunity for hands-on buyers, investors, or contractors looking to build equity from the ground up.

Sellers are calling this one a Contractor Special, and that description is straightforward — the home needs work. But what's worth noting is what it has going for it: solid bones. The structure is there, and that matters more than most buyers realize when evaluating a fixer. A home with good bones gives you something to work with — cosmetic updates, interior finishes, and personal touches can transform the space without the cost and complexity of major structural repairs.

Located in Peoria's 61605 zip code on the city's south side, this property sits in a densely residential neighborhood where affordable homeownership is genuinely attainable. Peoria is central Illinois's largest city, offering access to healthcare employment, retail corridors, and community resources throughout the metro area. For buyers willing to invest sweat equity, properties like this one represent one of the fastest paths to ownership in the region.

The monthly payment of $225 includes taxes — making it easy to budget your total housing cost without surprises. No traditional bank approval required. Owner financing means you work directly with the seller on terms, making this accessible to buyers who've had difficulty qualifying through conventional lending channels.

If you've been searching for a low-barrier entry into homeownership or your next investment project in Peoria, this property deserves a serious look.

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