Want to setup basic home audio system

I'll cut to the chase. The NAD C 328 is the most capable, best sounding  amp in its price range. Period. It will handle your streaming today, and later, vinyl better than most amps double its price. NAD has been doing that for over 40 years.  

Some will consider this a radical heresy, but for $30, you can add an Echo Dot which will stream, and give you voice control as well. Connect it via Bluetooth or old-school 3.5 mm to RCA patch cable.

Speakers are a much more subjective choice, but I would consider Monitor Audio Bronze 2, and a pair of decent speaker stands, say Pangaea LS 300, probably the 24" variety. The MA Bronze 2 have a 6.5" woofer, so offer decent, if not super extended  bass, and will later mate well with a subwoofer to fill in the bottom 1-1/2 octaves below 60Hz. My Second choices would include the B&W 607, and ELAC - Uni-Fi 2.0 UB52.

Forget fancy cables for now, but be sure to get a package of Blu-Tack to mate the speakers to the stands. it will make a difference.. And pay attention to the speaker setup, separation, distance to side and backwalls. I have heard $10,000 speakers ruined by by bad placement, and $500 ones become magical with good placement. 

Which leads to the final recommendation. A few hundred dollars spent on proper acoustical treatment for your listening room will improve the sound far, far more than that same investment in equipment. Try https://acousticalsolutions.com/ they have a broad selection and are very reasonably priced. 

You can get the NAD, Monitor Audio speakers, stands and acoustical panels all for around $1500. $1100 without the acoustical panels. 

glupson: 
That would be a God send if I can get an amp for karma points! You just might find me posting around here haha. Most definitely, thanks for that advice!

geof3:
I see alot of B&W 601-603s for sale on offermeup. Did you buy them secondhand? How are they holding up? Any repairs?

rixthetrick:
I've been using cheap sennheiser headphones to learn songs on the guitar, but it gets a bit difficult when I try to learn songs on the violin. Maybe it's because I'm using cheap ones. But I also do like listening to music while falling asleep on my lazboy haha.

surfmuz:
Thanks for the recommendation! There's alot of 4-5 star reviews on Amazon. It also doesn't hurt that it's on sale for $160/ea on amazon. 

audioguy85:
The guy's got great vids. I like the ones where he shows all the pics of people's setup and goes through their gear!

panzrwagn:
It seems like integrated amps are the way to go with my budget range. Funny you mention the MA Bronze 2 model. There's someone near my city that's selling a Monitor Audio Bronze B4 Floor standing speakers NEAR MINT condition for $250 on usaudiomart. Hopefully I can get the guy to demo it. Thank you for your recommendations!

By now you have been given tons of great advice. I would add to take your time. Good deals aren’t good deals if you don’t need the component or if they force you to make a significant compromise. For instance, I have a pair of Thiel’s that are beautiful- but they average just above 2 ohms, they are not highly efficient. The sacrifice in owning these is they limit amps that can run them. The message to you is, buy efficient speakers first that also have a musical tendency. Some may not like these, but a set of Klipsch Quartets are available on Seattle CL. Klipsch has a strong fan base- maybe not on Agon, but elsewhere. With slight modifications- put auto soundproofing  material on backside of horns- these can really rock using almost any amp. I think the asking price might be high- but again, these will hold their value and allow you to get a feel for this while enjoying. You can even buy an EBay tube amp to effectively drive these- although I have never heard any of these. A Prima Luna is also on your CL. I have a set of Quartets hooked up to a Vincent SV500 hybrid integrated and they sound fantastic. That Vincent is another good choice as it has tube and SS, as well as an adequate dac. Add in a cheap streamer- Amazon dot recommendation or a Raspberry Pi, and you are set. Please take the brands I mentioned with a grain of salt but focus on the efficiency portion and value. Efficient Speakers that have a rabid following are a good choice initially because they open up your amp choices and allow a cost effective path to upgrade. 

Haven’t read every post in the the thread but has anyone recommended an all in one system such as Denon ?  For $500 OP
gets amplification, streamer, DAC.  Another $500 for speakers and stands and he is done, saves some $ on cables.  The Denon has gotten good reviews from Audiophile writers