See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

724 E Gift Ave, Peoria, IL, 61603

1beds
1baths
480sqft
$50,000
$104price/sqft
$601/moest. monthly cost
$24,040/yrincome needed

About This Home

Affordable 1-bedroom home with a central location close to shopping, restaurants, and major routes. Home is being sold as-is and offers solid, functioning mechanicals, making it a great opportunity for investors, first-time buyers, or those looking to downsize.

Getting Around

57
WalkingSomewhat Walkable
32
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

3/10
1/10
Peoria High SchoolGrades 9-121.1 mi
5/10
Hines Primary SchoolGrades K-41.8 mi

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Shingle

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence,Residential

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom1

  • Level: Main
  • Dimensions: 14ft 0in x 10ft 0in

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 480
  • Total interior livable area: 480 sqft

Kitchen

  • Level: Main
  • Dimensions: 10ft 0in x 9ft 0in

Living Room

  • Level: Main
  • Dimensions: 14ft 0in x 10ft 0in

Main Level

  • Area: 480

Other

  • Area: 0

Property

Details

  • Parcel number: 1433282009

Features

  • Patio & porch: Porch

Lot

  • Lot size: 5,580 sqft
  • Features: Level
  • Lot size dimensions: 45 x 124

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Ice Storm
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $252$3,024
Home Insurance *$130$1,560
Property Taxes $89$1,068
Electricity $130$1,569
Total$601$7,212
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$20,605/yr
40% on housing$18,030/yr
45% on housing$16,026/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.7%
12.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$104This listing

vs Other Active Listings

Avg $/sqft

ZIP 61603$51
Peoria County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 61603$54
Peoria County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-17Price change$50,000
2026-06-16Price change$55,000
2026-05-19Listed for sale$65,000
2026-03-20Listing removed$850
2026-02-17Listed for rent$850
2025-04-17Sold$25,000
2020-06-09Sold$8,000
2012-01-04Listing removed$18,000
2011-09-14Price change$18,000
2011-04-15Listed for sale$19,900
2009-04-14Sold$20,000
2000-03-09Sold$35,000

For Sale by Agent

AgentJosh Graham
BrokerageRE/MAX Traders Unlimited

Similar Homes