217 W Olive St · Canton, IL 61520

$79,900

4 bd · 2.0 ba · 989 sqft · SingleFamily public records · 16 Days on market

Built 1891 7,150 sqft lot Est $77k · at est.

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Why this score? — see what drove the F 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 +11.0/30.0
• ARV discount +5.9/15.0
• 1% rule +3.7/10.0
• Livability +3.6/5.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

3 possible 4 Bedroom 2 bath home with alot of character. Open staircase. Wrap around front porch. Upper level bedrooms have recently been painted. The main level bedroom could be an office or den. Current owner had started remodeling the upper bath, has a new water closet. The rest of the bathroom needs finished. Built planter boxes on the front of house. New patio on the east side of house, new deck on back of the house. Raised garden planter boxes. New fence in back yard. Replaced basement doors. Insulated Hvac lines, new plenum for hvac. All new flooring upstairs. One new ceiling fan upstairs. Ventless heater in dining room. Range, refrigerator, dishwasher, washer and dryer stay, NOT WAR

Key facts

• New patio
• Open staircase
• New water closet

Tags

• OPEN STAIRCASE
• WRAP AROUND FRONT PORCH
• NEW WATER CLOSET
• BUILT PLANTER BOXES
• NEW PATIO
• NEW DECK

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer; Electric and gas available (forced air & gas water heater noted)
• Home design: Single family residence; Two levels; Built in 1891
• Construction: Shingle roof; Partial unfinished basement
• Exterior features: Fenced lot; Level yard; Paved road access

Interior

• Kitchen: Refrigerator; Dishwasher
• Bedrooms: 4 bedrooms; Bedroom 1 on main level (12 x 13) with egress window; Bedroom 2 on upper level (13 x 14) with egress window; Bedroom 3 on upper level (11 x 11) with egress window; Bedroom 4 on upper level (12 x 10) with egress window
• Flooring: Luxury vinyl plank flooring throughout main and upper living areas
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Dishwasher; Dryer; Refrigerator; Washer; One fireplace (other type)
• Laundry & utility: Main level laundry (5 x 11); Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $-33 ($-401/yr) — negative.
• To cash-flow at today's rent, offer at most $74k (7.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $70k (12.6% below list).
• Recommended offer: $70k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 7.9% in Canton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 72/100 on livability (#318 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Canton Union SD 66 (town): math 19% / reading 23% proficiency, ranked #417 of 620 in IL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Westview Elementary School (math 17% / reading 17%, grade F, #1,141 of 2,056 statewide, top 59%, 398 students, 0% FRL); Ingersoll Middle School (math 18% / reading 24%, grade F, #405 of 665 statewide, top 61%, 645 students, 0% FRL); Canton High School (math 22% / reading 27%, grade F, #256 of 693 statewide, top 44%, 641 students, 0% FRL) — zoned schools average 0% FRL vs 46% district-wide (46 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 102 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 14 units permitted in Fulton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Fulton County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 16y 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 $56k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1891 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $69,800 (12.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1891 — 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. 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?
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: 0.87% ✗
• Cap rate: 5.79%
• Cash-on-cash: -1.79%
• DSCR: 0.92
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $77,142
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
702 N Avenue C	0.13mi	3/1.0 (-1)	982 (-1%)	1mo	$83,000	$85	83
437 N Avenue B	0.06mi	3/1.0 (-1)	1,058 (+7%)	10mo	$69,900	$66	68
17 N 5th Ave	0.74mi	3/2.0 (-1)	980 (-1%)	6mo	$18,000	$18	54
450 N 1st Ave	0.27mi	3/2.0 (-1)	1,088 (+10%)	20mo	$85,000	$78	49
757 W Locust St	0.71mi	3/1.5 (-1)	1,056 (+7%)	6mo	$165,000	$156	44
246 E Myrtle St	0.42mi	3/1.0 (-1)	1,116 (+13%)	10mo	$41,000	$37	42
516 N 6th Ave	0.67mi	3/1.0 (-1)	1,120 (+13%)	16mo	$97,500	$87	24

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -19.2%
• Equity multiple: 0.33×
• Total profit: $-15,043
• Equity at exit: $11,913

10-year hold

• IRR: -11.8%
• Equity multiple: 0.30×
• Total profit: $-15,713
• Equity at exit: $6,908

Cash invested: $22,372 (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 61520

• Active inventory: 102
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $698 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$133 /mo · $1,590/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$147
• Net cashflow: $-33

Break-even live

Break-even rent $740

Max offer price $74,003

Occupancy floor 100%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1100 W Locust St Unit 32 Canton, IL	3.0	2.0	952	$698	$0.73	13d	1	1.45mi

Listing history 12 events

1. 2026-06-18
   days on market $79,900 Under Contract 16 DOM
2. 2026-06-17
   days on market $79,900 Under Contract 15 DOM
3. 2026-06-16
   days on market $79,900 Under Contract 14 DOM
4. 2026-06-15
   days on market $79,900 Under Contract 13 DOM
5. 2026-06-13
   days on market $79,900 Under Contract 11 DOM
6. 2026-06-12
   days on market $79,900 Under Contract 10 DOM
7. 2026-06-09
   days on market $79,900 Under Contract 7 DOM
8. 2026-06-08
   days on market $79,900 Under Contract 6 DOM
9. 2026-06-07
   days on market $79,900 Under Contract 5 DOM
10. 2026-06-07
    statusdays on market $79,900 Under Contract 4 DOM
11. 2026-06-03
    remarks 699-char remark
12. 2026-06-03
    listed $79,900 Active 1 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: $1,590 · $133/mo
• Projected year-2 tax: $1,702 · $142/mo
• Expected delta: +$112/yr (+$9/mo · 7.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $8,376
• − Mortgage interest: −$4,476
• − Property taxes: −$1,590
• − Insurance: −$400
• − Repairs & maintenance: −$670
• − Management: −$670
• − Depreciation: −$2,324
• Taxable loss: −$1,754
• Est. tax savings @ 24.0%: +$421
• After-tax cash flow: $20/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: Canton Union SD 66
• NCES district ID: 1708280
• Math proficiency: 19% ▼ -10.00%
• Reading proficiency: 23% ▼ -12.00%
• Median HH income: $42,657
• Composite: 18.03/100
• National rank: #8980
• State rank: #417 of 620 in IL

Livability — Canton

• Score: 72/100
• State rank: #318
• US rank: #6313

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canton, IL
• Population (ZIP): 16,098

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 33,356 people
• By 2030: 32,144 · -3.6%
• By 2040: 29,518 · -11.5%
• By 2050: 26,775 · -19.7%
• By 2075: 19,972 · -40.1%
• By 2100: 13,580 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 5% Hispanic / Latino 4% Two or more races 4% Native American 1%
• Common ancestry: Slovak 3% Lithuanian 1% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Fulton

• 2024 margin: Strong R (+23.8) · D 37.1% · R 60.9% · Other 2.0%
• 2008→2024 swing: -45.2pp toward R · 2008: 21.3pp · 2024: -23.8pp
• All cycles: 2024: R+23.8 2020: R+20.1 2016: R+15.1 2012: D+11.1 2008: D+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.00%
• Current HPI: 123.8086
• 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

-0.7% since first listed

10 events — show timeline

• 2026-06-01 Listed $79,900 RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-03-09 Sold (Public Records) $55,500 Public Records
• 2021-03-01 Sold (MLS) $55,500 RMLSA as Distributed by MLS Grid
• 2020-10-31 Listed $59,900 RMLSA as Distributed by MLS Grid
• 2010-06-02 Sold (Public Records) $20,000 Public Records
• 2010-05-20 Sold (MLS) $20,000 RMLSA as Distributed by MLS Grid
• 2010-03-18 Listed $24,900 RMLSA as Distributed by MLS Grid
• 2007-06-28 Sold (Public Records) $80,500 Public Records

Property tax history

+6.7%/yr

Latest (2024): $1,590 · +8.1% YoY. Source: county tax records.