144 Pawnee Dr · Loda, IL 60948

$65,000

3 bd · 1.0 ba · 1,336 sqft · SingleFamily · 55 Days on market

Built 1974 $49/sqft · 71% below area $208/mo HOA · 18% of rent ↓ 13% since listing

---

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 +2.9/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Here's your chance to enjoy lake life at Lake Iroquois! This property is a blank slate - ready for an investor, flipper, or handy buyer to make it their own and build instant equity. The home offers a solid start with endless potential for updates or a complete redesign to fit your vision. Ownership includes access to all Lake Iroquois amenities, including the lake, beach, pool, playgrounds, and more. Whether you're looking for a weekend getaway or your next project, this is an affordable way to get your foot in the door to lake living.

Key facts

• Beach
• Playgrounds
• Pool

Tags

• LAKE IROQUOIS AMENITIES
• BEACH
• POOL
• PLAYGROUNDS

Property features AI

Finance

• Other: Property assessed/area information sourced from assessor; Property age listed as 51–60 years
• HOA & community: Association fee $2,500 annually (includes other services)

Exterior

• Parking: 2 parking spaces; Asphalt parking surface
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership; Built before 1978
• Construction: Cedar construction
• Exterior features: Lot dimensions approximately 155 x 122 x 140 x 125; Less than 0.25 acre lot; Zoned single-family

Interior

• Kitchen: Refrigerator; Range
• Bedrooms: 3 bedrooms (Master bedroom located on the second level; additional bedrooms on the main level: 14 x 13 and 13 x 9)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: 6 total rooms; Crawl space basement
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#1,122 in IL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D, schools F, amenities F.
• Paxton-Buckley-Loda CUD 10 (town): math 33% / reading 29% proficiency, ranked #232 of 620 in IL (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 21 active listings in the ZIP; 14 units permitted in Iroquois County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Iroquois County population projected at -20% 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 ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y 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 $48k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D 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?
7. 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.
8. 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.
9. 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: 1.79% ✓
• Cap rate: 11.00%
• Cash-on-cash: 16.80%
• DSCR: 1.75
• GRM: 4.7

CMA / ARV

• ARV (median comp): $223,535
• List price: $65,000
• Delta: -70.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
148 Pawnee Dr	0.03mi	3/2.0	1,452 (+9%)	11mo	$184,500	$127	71
134 Chippewa Dr	0.69mi	3/1.0	1,200 (-10%)	15mo	$129,000	$108	38
118 Cayuga Ln	0.61mi	2/2.0 (-1)	1,272 (-5%)	20mo	$325,000	$256	38
613 Skyline Dr	0.52mi	4/4.0 (+1)	1,480 (+11%)	9mo	$496,000	$335	33

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: 8.2%
• Equity multiple: 1.32×
• Total profit: $5,846
• Equity at exit: $9,692

10-year hold

• IRR: 17.6%
• Equity multiple: 2.46×
• Total profit: $26,595
• Equity at exit: $5,620

Cash invested: $18,200 (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 60948

• Home prices YoY: -5.8%
• Active inventory: 21
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,162 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$87 /mo · $1,049/yr
• Insurance: −$27
• HOA: −$208
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $255

Break-even live

Break-even rent $840

Max offer price $65,000

Occupancy floor 73%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $208 · $2,496/yr
• Likely covers: landscapingpool

Listing history 30 events

1. 2026-06-18
   days on market $65,000 Active 55 DOM
2. 2026-06-17
   days on market $65,000 Active 54 DOM
3. 2026-06-16
   days on market $65,000 Active 53 DOM
4. 2026-06-15
   days on market $65,000 Active 52 DOM
5. 2026-06-14
   days on market $65,000 Active 50 DOM
6. 2026-06-13
   days on market $65,000 Active 49 DOM
7. 2026-06-10
   days on market $65,000 Active 47 DOM
8. 2026-06-09
   days on market $65,000 Active 46 DOM
9. 2026-06-08
   days on market $65,000 Active 45 DOM
10. 2026-06-07
    days on market $65,000 Active 44 DOM
11. 2026-06-05
    days on market $65,000 Active 41 DOM
12. 2026-06-02
    days on market $65,000 Active 39 DOM
13. 2026-06-01
    days on market $65,000 Active 38 DOM
14. 2026-05-31
    days on market $65,000 Active 37 DOM
15. 2026-05-30
    days on market $65,000 Active 36 DOM
16. 2026-04-24
    historical
17. 2026-04-24
    listed $65,000 Active 543-char remark
18. 2026-01-02
    price
19. 2025-11-18
    price
20. 2024-04-26
    soldstatus $48,000
21. 2011-04-08
    soldstatus $36,000
22. 2011-04-08
    soldstatus $36,000
23. 2011-03-17
    historical
24. 2010-09-21
    listed
25. 2009-04-17
    historical
26. 2008-05-17
    listed
27. 2007-04-01
    soldstatus $75,000
28. 2004-10-01
    soldstatus $60,000
29. 2004-10-01
    soldstatus $60,000
30. 2004-04-28
    listed $75,000

ⓘ 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: $1,049 · $87/mo
• Projected year-2 tax: $1,262 · $105/mo
• Expected delta: +$213/yr (+$18/mo · 20.3%)

ⓘ 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 3/10 Moderate
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,948
• − Mortgage interest: −$3,641
• − Property taxes: −$1,049
• − Insurance: −$325
• − Repairs & maintenance: −$1,116
• − Management: −$1,116
• − HOA: −$2,496
• − Depreciation: −$1,891
• Taxable income: $2,314
• Est. tax owed @ 24.0%: −$555
• After-tax cash flow: $2,503/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: Paxton-Buckley-Loda CUD 10
• NCES district ID: 1707650
• Math proficiency: 33% ▼ -5.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $52,233
• Composite: 27.27/100
• National rank: #7007
• State rank: #232 of 620 in IL

Livability — Loda

• Score: 58/100
• State rank: #1122
• US rank: #21191

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,838
• Population (ZIP): 1,838

Population outlook (Iroquois County) Hauer SSP2

• Today (2025): 26,826 people
• By 2030: 25,771 · -3.9%
• By 2040: 23,589 · -12.1%
• By 2050: 21,523 · -19.8%
• By 2075: 17,998 · -32.9%
• By 2100: 14,979 · -44.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Iranian 4% Lithuanian 3% Serbian 2%
• Foreign-born: 0%

Political lean MEDSL · Iroquois

• 2024 margin: Solid R (+57.3) · D 20.6% · R 78.0% · Other 1.4%
• 2008→2024 swing: -27.5pp toward R · 2008: -29.8pp · 2024: -57.3pp
• All cycles: 2024: R+57.3 2020: R+56.7 2016: R+56.0 2012: R+44.7 2008: R+29.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -12.88%
• Current HPI: 209.5548
• 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

-13.3% since first listed

15 events — show timeline

• 2026-04-24 Listed $65,000 MRED as Distributed by MLS Grid
• 2026-04-24 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-02 Price Changed — MRED as Distributed by MLS Grid
• 2025-11-18 Price Changed — MRED as Distributed by MLS Grid
• 2024-04-26 Sold (Public Records) $48,000 Public Records
• 2011-04-08 Sold (Public Records) $36,000 Public Records
• 2011-04-08 Sold (Public Records) $36,000 Public Records
• 2011-03-17 Listing Removed — MRED as Distributed by MLS Grid
• 2010-09-21 Listed — MRED as Distributed by MLS Grid
• 2009-04-17 Listing Removed — MRED as Distributed by MLS Grid
• 2008-05-17 Listed — MRED as Distributed by MLS Grid
• 2007-04-01 Sold (Public Records) $75,000 Public Records
• 2004-10-01 Sold (MLS) $60,000 MRED as Distributed by MLS Grid
• 2004-10-01 Sold (Public Records) $60,000 Public Records
• 2004-04-28 Listed $75,000 MRED as Distributed by MLS Grid

Property tax history

+9.4%/yr

Latest (2024): $1,049 · +13.0% YoY. Source: county tax records.