1025 Lincoln St · Galesburg, IL 61401

$62,500

3 bd · 1.0 ba · 714 sqft · Other public records · 31 Days on market

Built 1898 8,400 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom with main floor laundry. New furnace and large yard.

Key facts

• Covered front porch
• Gas range hookups
• Pantry

Tags

• COVERED FRONT PORCH
• GAS RANGE HOOKUPS
• LARGE REFRIGERATOR
• PANTRY
• DINING NOOK
• LARGE LIVING ROOM

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Built in 1898; One detached garage
• Construction: Shingle roof; Foundation with full basement (unfinished)
• Exterior features: Level lot; Lot dimensions approximately 140 x 60; Full unfinished walk-out basement

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 3 bedrooms (two upper-level bedrooms with egress windows; third bedroom upper level)
• Flooring: Carpet in bedrooms; Luxury vinyl plank on main living areas, dining room, kitchen, and laundry
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Electric water heater; Central air conditioning; High-efficiency heating and high-efficiency air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $62k.

Deal economics

• At list price, monthly cash flow is $409 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $61k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.2% vs local median 6.4% in Galesburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#367 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, commute F, employment D-.
• Galesburg CUSD 205 (town): math 13% / reading 22% proficiency, ranked #488 of 620 in IL (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Galesburg Senior High School (math 19% / reading 24%, grade F, #345 of 693 statewide, top 50%, 1,762 students, 0% FRL) — zoned schools average 0% FRL vs 60% district-wide (60 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 198 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $432 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Knox County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $62k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $60,625 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1898 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.77% ✓
• Cap rate: 14.15%
• Cash-on-cash: 28.07%
• DSCR: 2.25
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.3%
• Equity multiple: 1.91×
• Total profit: $15,978
• Equity at exit: $9,319

10-year hold

• IRR: 30.3%
• Equity multiple: 3.72×
• Total profit: $47,628
• Equity at exit: $5,404

Cash invested: $17,500 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61401

• Active inventory: 198
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,104 medium
• Mortgage (P&I): −$328
• Tax from tax record: −$109 /mo · $1,310/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $409

Break-even live

Break-even rent $586

Max offer price $62,500

Occupancy floor 58%

Sensitivity live

Price	-10% $445	-5% $427	+0% $409	+5% $392	+10% $374
Rent	-10% $322	-5% $366	+0% $409	+5% $453	+10% $497
Rate	-1.0pp $441	-0.5pp $425	base $409	+0.5pp $393	+1.0pp $377

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $15,625
• Closing costs: $1,875
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $62,500 Active 31 DOM
2. 2026-06-18
   days on market $62,500 Active 29 DOM
3. 2026-06-17
   days on market $62,500 Active 28 DOM
4. 2026-06-16
   days on market $62,500 Active 27 DOM
5. 2026-06-15
   days on market $62,500 Active 26 DOM
6. 2026-06-13
   days on market $62,500 Active 24 DOM
7. 2026-06-12
   days on market $62,500 Active 23 DOM
8. 2026-06-09
   days on market $62,500 Active 20 DOM
9. 2026-06-08
   days on market $62,500 Active 19 DOM
10. 2026-06-07
    days on market $62,500 Active 18 DOM
11. 2026-06-07
    pricedays on market $62,500 Active 17 DOM
12. 2026-06-04
    days on market $67,500 Active 14 DOM
13. 2026-06-02
    days on market $67,500 Active 13 DOM
14. 2026-06-01
    days on market $67,500 Active 12 DOM
15. 2026-05-31
    days on market $67,500 Active 11 DOM
16. 2026-05-31
    days on market $67,500 Active 10 DOM
17. 2026-05-20
    listed $67,500 Active
18. 2015-08-14
    soldstatus $30,000 62-char remark

    Show marketing remark (62 chars)

    3 bedroom with main floor laundry. New furnace and large yard.

19. 2015-08-14
    soldstatus $30,000

    Show marketing remark (62 chars)

    3 bedroom with main floor laundry. New furnace and large yard.

20. 2015-04-08
    listed $36,000 62-char remark

    Show marketing remark (62 chars)

    3 bedroom with main floor laundry. New furnace and large yard.

21. 2014-04-30
    soldstatus $22,425 62-char remark

    Show marketing remark (62 chars)

    Currently used as a rental - $500 income so make it your own!!

22. 2014-04-30
    soldstatus $133,000

    Show marketing remark (62 chars)

    Currently used as a rental - $500 income so make it your own!!

23. 2014-04-30
    soldstatus $133,000

    Show marketing remark (62 chars)

    Currently used as a rental - $500 income so make it your own!!

24. 2014-01-31
    listed $37,000 62-char remark

    Show marketing remark (62 chars)

    Currently used as a rental - $500 income so make it your own!!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,310 · $109/mo
• Projected year-2 tax: $1,364 · $114/mo
• Expected delta: +$54/yr (+$5/mo · 4.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,250
• − Mortgage interest: −$3,501
• − Property taxes: −$1,310
• − Insurance: −$312
• − Repairs & maintenance: −$1,060
• − Management: −$1,060
• − Depreciation: −$1,818
• Taxable income: $4,188
• Est. tax owed @ 24.0%: −$1,005
• After-tax cash flow: $3,907/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Galesburg CUSD 205
• NCES district ID: 1716080
• Math proficiency: 13% ▼ -8.00%
• Reading proficiency: 22% ▼ -11.00%
• Median HH income: $35,901
• Composite: 14.46/100
• National rank: #9427
• State rank: #488 of 620 in IL

Livability — Galesburg

• Score: 70/100
• State rank: #367
• US rank: #7601

Category grades

Amenities B Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galesburg, IL
• City population: 32,318
• Population (ZIP): 30,684

Population outlook (Knox County) Hauer SSP2

• Today (2025): 48,224 people
• By 2030: 46,333 · -3.9%
• By 2040: 42,424 · -12.0%
• By 2050: 38,929 · -19.3%
• By 2075: 31,523 · -34.6%
• By 2100: 24,092 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 8% Hispanic / Latino 8% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 2% Serbian 1% Slovak 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Knox

• 2024 margin: Lean R (+9.4) · D 44.4% · R 53.7% · Other 1.9%
• 2008→2024 swing: -29.3pp toward R · 2008: 19.9pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+5.6 2016: R+3.3 2012: D+17.1 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.48%
• Current HPI: 157.276
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+82.4% since first listed

8 events — show timeline

• 2026-05-20 Listed $67,500 RMLSA as Distributed by MLS Grid
• 2015-08-14 Sold (Public Records) $30,000 Public Records
• 2015-08-14 Sold (MLS) $30,000 RMLSA as Distributed by MLS Grid
• 2015-04-08 Listed $36,000 RMLSA as Distributed by MLS Grid
• 2014-04-30 Sold (Public Records) $133,000 Public Records
• 2014-04-30 Sold (Public Records) $133,000 Public Records
• 2014-04-30 Sold (MLS) $22,425 RMLSA as Distributed by MLS Grid
• 2014-01-31 Listed $37,000 RMLSA as Distributed by MLS Grid

Property tax history

+1.6%/yr

Latest (2024): $1,310 · +1.0% YoY. Source: county tax records.