330 Polk St · Belleville, IL 62220

$147,500

3 bd · 2.0 ba · 864 sqft · SingleFamily public records · 8 Days on market

Built 1942 6,098 sqft lot

---

Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• DSCR +4.6/10.0
• 1% rule +4.4/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Updated and move-in ready! This 3 bedroom, 1 bath Belleville home offers fresh neutral paint, updated flooring, tall main-level ceilings, a refreshed kitchen with dark cabinetry, stainless steel appliances, updated countertops, and a modern full bath with tile surround. The layout includes comfortable living and dining space, main-level bedrooms, plus an upstairs bedroom and bonus/flex area. The unfinished basement provides additional storage and utility space. Outside features include a covered front porch, updated exterior, off-street gravel parking, and a fenced rear area. A great opportunity at an affordable price point—schedule your showing today!

Key facts

• Covered front porch
• Modern full bath
• Updated flooring

Tags

• UPDATED FLOORING
• REFRESHED KITCHEN
• STAINLESS STEEL APPLIANCES
• UPDATED COUNTERTOPS
• MODERN FULL BATH
• COVERED FRONT PORCH

Property features AI

Finance

• Financial info: Lease not considered; No second mortgage indicated

Exterior

• Parking: Driveway; Gravel parking
• Utilities: Public water; Public sewer; Electric service by Ameren; Electricity connected; Natural gas connected; Water connected; Sewer connected
• Home design: Single family residence; Residential property; Two levels
• Construction: Vinyl siding; Block basement; Has basement
• Exterior features: Front yard; Back yard; Gentle sloping lot; Natural foliage; Some trees

Interior

• Kitchen: Electric cooktop; Dishwasher; Microwave
• Bedrooms: 3 bedrooms total; 2 bedrooms on the main level; 1 bedroom on the upper level
• Bathrooms: 1 full bathroom (main/upper levels)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Electric cooktop; Dishwasher; Microwave; Ceiling fan(s); Central air

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $45 ($539/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (5.9% below list).
• Recommended offer: $139k (5.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#142 in IL, #2,604 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, amenities D-.
• Belleville Twp Hsd 201 (suburban): math 21% / reading 28% proficiency, ranked #308 of 620 in IL (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Belleville High School-West (math 19% / reading 26%, grade F, #317 of 693 statewide, top 46%, 2,234 students, 0% FRL).
• Market conditions: Rents rising fast (+14.5%/yr); 148 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 783 units permitted in St. Clair County in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• St. Clair County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $47k; list at $148k implies a 216% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,777 (5.9% below list)

Questions for the listing agent

1. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.94% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.30%
• DSCR: 1.06
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $51,840
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
400 S Belt	0.12mi	3/1.5	864 (0%)	13mo	$100,000	$116	81
18 W Garfield St	0.48mi	2/1.0 (-1)	850 (-2%)	4mo	$49,900	$59	62
509 S Church St	0.59mi	2/1.0 (-1)	848 (-2%)	3mo	$99,900	$118	58
412 E Mckinley St	0.66mi	2/1.0 (-1)	832 (-4%)	8mo	$50,000	$60	48
719 W Monroe St	0.60mi	3/1.0	784 (-9%)	13mo	$9,950	$13	42
905 W Harrison St	0.72mi	2/1.0 (-1)	900 (+4%)	23mo	$50,000	$56	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.67×
• Total profit: $-13,668
• Equity at exit: $21,993

10-year hold

• IRR: 6.7%
• Equity multiple: 1.61×
• Total profit: $25,325
• Equity at exit: $12,753

Cash invested: $41,300 (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 62220

• Home prices YoY: -26.4%
• Rents YoY: 14.5%
• Active inventory: 148
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,388 medium
• Mortgage (P&I): −$774
• Tax from tax record: −$216 /mo · $2,598/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $45

Break-even live

Break-even rent $1,331

Max offer price $147,500

Occupancy floor 92%

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1104 Bel Aire Dr Belleville, IL	2.0	1.0	780	$1,350	$1.73	1d	1	1.38mi

Listing history 6 events

1. 2026-06-18
   days on market $147,500 Active 8 DOM
2. 2026-06-17
   days on market $147,500 Active 7 DOM
3. 2026-06-16
   days on market $147,500 Active 6 DOM
4. 2026-06-15
   days on market $147,500 Active 5 DOM
5. 2026-06-13
   remarks 660-char remark
6. 2026-06-13
   listed $147,500 Active 3 DOM

ⓘ 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: $2,598 · $216/mo
• Projected year-2 tax: $2,973 · $248/mo
• Expected delta: +$375/yr (+$31/mo · 14.4%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,653
• − Mortgage interest: −$8,262
• − Property taxes: −$2,598
• − Insurance: −$738
• − Repairs & maintenance: −$1,332
• − Management: −$1,332
• − Depreciation: −$4,291
• Taxable loss: −$1,900
• Est. tax savings @ 24.0%: +$456
• After-tax cash flow: $995/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: Belleville Twp Hsd 201
• NCES district ID: 1705640
• Math proficiency: 21% ▼ -8.00%
• Reading proficiency: 28% ▼ -3.00%
• Median HH income: $58,064
• Composite: 22.39/100
• National rank: #8115
• State rank: #308 of 620 in IL

Livability — Belleville

• Score: 78/100
• State rank: #142
• US rank: #2604

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Belleville, IL
• County: Saint Clair County · 169,691 people
• City population: 47,407
• Metro: St. Louis, MO-IL
• Population (ZIP): 19,152
• Household income: $65,952
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 923.0

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 250,366 people
• By 2030: 240,511 · -3.9%
• By 2040: 217,391 · -13.2%
• By 2050: 192,699 · -23.0%
• By 2075: 140,637 · -43.8%
• By 2100: 100,499 · -59.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 22% Two or more races 6% Hispanic / Latino 3% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · St. Clair

• 2024 margin: Lean D (+7.9) · D 53.0% · R 45.1% · Other 1.8%
• 2008→2024 swing: -14.6pp toward R · 2008: 22.4pp · 2024: 7.9pp
• All cycles: 2024: D+7.9 2020: D+8.7 2016: D+5.6 2012: D+14.5 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.27%
• Current HPI: 145.9237
• Rent YoY: ▲ 14.47%
• Metro: St. Louis, MO-IL
• 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

+189.2% since first listed

22 events — show timeline

• 2026-06-11 Listed $147,500 MARIS as Distributed by MLS Grid
• 2026-06-10 Coming Soon $147,500 MARIS as Distributed by MLS Grid
• 2026-02-04 Sold (Public Records) $46,667 Public Records
• 2022-05-26 Relisted — MRED as Distributed by MLS Grid
• 2022-05-26 Listing Removed — MRED as Distributed by MLS Grid
• 2022-05-20 Listing Removed — MRED as Distributed by MLS Grid
• 2022-04-13 Pending — MRED as Distributed by MLS Grid
• 2021-12-01 Pending — MRED as Distributed by MLS Grid
• 2021-11-10 Pending — MRED as Distributed by MLS Grid
• 2021-11-10 Listing Removed — MRED as Distributed by MLS Grid
• 2021-10-12 Price Changed — MRED as Distributed by MLS Grid
• 2021-10-12 Price Changed $75,000 MARIS as Distributed by MLS Grid
• 2021-09-25 Price Changed — MRED as Distributed by MLS Grid
• 2021-09-25 Price Changed $79,900 MARIS as Distributed by MLS Grid
• 2021-09-02 Listed — MRED as Distributed by MLS Grid
• 2018-03-14 Sold (Public Records) $57,000 Public Records
• 2018-03-02 Pending — MARIS as Distributed by MLS Grid
• 2018-03-02 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2018-01-22 Contingent — MARIS as Distributed by MLS Grid
• 2018-01-16 Price Changed $59,900 MARIS as Distributed by MLS Grid
• 2017-12-05 Listed $64,900 MARIS as Distributed by MLS Grid
• 2000-04-03 Sold (Public Records) $51,000 Public Records

Property tax history

+3.3%/yr

Latest (2024): $2,598 · +8.7% YoY. Source: county tax records.