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1831 S Westmoreland Ave, Peoria, IL, 61605

4beds
1baths
1,365sqft
$75,000
$55price/sqft
$918/moest. monthly cost
$36,720/yrincome needed

About This Home

Investor-ready fully rehabbed home with strong rental potential. Property previously rented for $1,100/month and current approved rental applications at $1,100/month are available. (Keeping vacant until mid June 2026) Features include a large primary bedroom, separate den, unfinished basement, half bath, and dedicated laundry area, with additional laundry hookups located in the kitchen. Property can be delivered vacant or leased at buyer's preference. Seller will hold off on signing any new lease agreements prior to June 1 to allow flexibility for owner-occupants or investors.

Getting Around

41
WalkingCar-Dependent
27
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

1/10
Manual High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Asphalt
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Oven

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Carpet,Vinyl
  • Finished area above ground: 1,365

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 1,365
  • Total interior livable area: 1,365 sqft

Kitchen

  • Features: Open,Laminate Counters

Property

Details

  • Parcel number: 1818457021
  • Lease amount: 0

Features

  • Stories: 2

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 WaveRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
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 $379$4,548
Home Insurance *$275$3,300
Property Taxes $134$1,608
Electricity $130$1,569
Total$918$11,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$31,474/yr
40% on housing$27,540/yr
45% on housing$24,480/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

$55This listing

vs Other Active Listings

Avg $/sqft

ZIP 61605$31
Peoria County$88

vs Homes Sold Last Month

Median $/sqft

ZIP 61605$38
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
2026-08-09Listed for rent$1,100
2026-08-02Listing removed$1,100
2026-07-21Listed for rent$1,100
2026-07-05Listing removed$1,100
2026-05-29Listed for sale$75,000
2026-05-03Listed for rent$1,100
2025-12-31Listing removed$1,100
2025-12-23Listed for rent$1,100
2025-11-26Listing removed$75,000
2025-07-17Pending sale$75,000
2025-06-25Listed for sale$75,000
2025-04-15Listing removed$50,000
2025-02-23Listed for sale$50,000
2023-11-30Sold$17,000
2023-11-21Pending sale$24,900
2023-06-14Price change$24,900
2023-04-28Listed for sale$29,900
2021-02-24Listing removed--
2020-03-11Listing removed$600
2020-01-09Listed for rent$600
2019-08-07Listing removed$600
2019-07-05Listed for rent$600
2017-05-29Listing removed$515
2017-04-28Price change$515
2017-04-07Listed for rent$500
2016-03-25Listing removed$575

For Sale by Agent

AgentSharif Refaie
BrokerageSmart Properties USA LLC

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