1103 N Monroe St · Marion, IL 62959

$114,900

3 bd · 2.0 ba · 1,532 sqft · Other · 151 Days on market

Built 1926 0.31 ac lot ↓ 8% since listing

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Why this score? — see what drove the C 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 +24.8/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Rent growth +4.6/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 3-bedroom, 2-bathroom home in the heart of Marion, IL! Perfect for investors looking to flip or first-time homebuyers ready to add their personal touch, this home offers both potential and comfort. Inside, you'll find nice-sized bedrooms, including a primary suite with its own private bathroom, providing a personal retreat at the end of the day. The home also features a spacious kitchen and living area. Additional highlights include a new roof just one year old and an oversized garage with attic space above, great for extra storage or future projects. Don't miss the opportunity to make this home your own or turn it into a profitable investment! Being sold AS-IS.

Key facts

• Attic space
• Spacious kitchen
• Living area

Tags

• NEW ROOF
• SPACIOUS KITCHEN
• LIVING AREA
• PRIVATE BATHROOM
• OVERSIZED GARAGE
• ATTIC SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $115k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.8% in Marion — 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 61/100 on livability (#896 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, schools F, crime F.
• Marion CUSD 2 (urban): math 20% / reading 31% proficiency, ranked #317 of 620 in IL (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+8.4%/yr); 229 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 130 units permitted in Williamson County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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?
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: 1.16% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.11%
• DSCR: 1.41
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 3.1%
• Equity multiple: 1.13×
• Total profit: $4,027
• Equity at exit: $17,132

10-year hold

• IRR: 17.0%
• Equity multiple: 2.73×
• Total profit: $55,808
• Equity at exit: $9,934

Cash invested: $32,172 (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 62959

• Rents YoY: 8.4%
• Active inventory: 229
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,337 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$161 /mo · $1,937/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $244

Break-even live

Break-even rent $1,028

Max offer price $114,900

Occupancy floor 77%

Sensitivity live

Price	-10% $309	-5% $277	+0% $244	+5% $212	+10% $179
Rent	-10% $139	-5% $191	+0% $244	+5% $297	+10% $350
Rate	-1.0pp $302	-0.5pp $273	base $244	+0.5pp $214	+1.0pp $184

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1501 W Central St Marion, IL	2.0	2.0	1175	$1,175	$1.00	45d	1	0.81mi

Listing history 13 events

1. 2026-06-10
   days on market $114,900 Active 151 DOM
2. 2026-06-09
   days on market $114,900 Active 150 DOM
3. 2026-06-09
   days on market $114,900 Active 149 DOM
4. 2026-06-07
   days on market $114,900 Active 148 DOM
5. 2026-06-05
   days on market $114,900 Active 145 DOM
6. 2026-06-03
   days on market $114,900 Active 144 DOM
7. 2026-06-02
   days on market $114,900 Active 143 DOM
8. 2026-06-01
   days on market $114,900 Active 142 DOM
9. 2026-05-31
   days on market $114,900 Active 141 DOM
10. 2026-05-30
    days on market $114,900 Active 140 DOM
11. 2026-04-24
    price $114,900 688-char remark

    Show marketing remark (688 chars)

    Welcome to this 3-bedroom, 2-bathroom home in the heart of Marion, IL! Perfect for investors looking to flip or first-time homebuyers ready to add their personal touch, this home offers both potential and comfort. Inside, you'll find nice-sized bedrooms, including a primary suite with its own private bathroom, providing a personal retreat at the end of the day. The home also features a spacious kitchen and living area. Additional highlights include a new roof just one year old and an oversized garage with attic space above, great for extra storage or future projects. Don't miss the opportunity to make this home your own or turn it into a profitable investment! Being sold AS-IS.

12. 2026-02-27
    price $119,900 688-char remark

    Show marketing remark (688 chars)

    Welcome to this 3-bedroom, 2-bathroom home in the heart of Marion, IL! Perfect for investors looking to flip or first-time homebuyers ready to add their personal touch, this home offers both potential and comfort. Inside, you'll find nice-sized bedrooms, including a primary suite with its own private bathroom, providing a personal retreat at the end of the day. The home also features a spacious kitchen and living area. Additional highlights include a new roof just one year old and an oversized garage with attic space above, great for extra storage or future projects. Don't miss the opportunity to make this home your own or turn it into a profitable investment! Being sold AS-IS.

13. 2026-01-10
    listed $125,000 Active 688-char remark

    Show marketing remark (688 chars)

    Welcome to this 3-bedroom, 2-bathroom home in the heart of Marion, IL! Perfect for investors looking to flip or first-time homebuyers ready to add their personal touch, this home offers both potential and comfort. Inside, you'll find nice-sized bedrooms, including a primary suite with its own private bathroom, providing a personal retreat at the end of the day. The home also features a spacious kitchen and living area. Additional highlights include a new roof just one year old and an oversized garage with attic space above, great for extra storage or future projects. Don't miss the opportunity to make this home your own or turn it into a profitable investment! Being sold AS-IS.

ⓘ 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: $1,937 · $161/mo
• Projected year-2 tax: $2,273 · $189/mo
• Expected delta: +$336/yr (+$28/mo · 17.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,040
• − Mortgage interest: −$6,436
• − Property taxes: −$1,937
• − Insurance: −$574
• − Repairs & maintenance: −$1,283
• − Management: −$1,283
• − Depreciation: −$3,343
• Taxable income: $1,184
• Est. tax owed @ 24.0%: −$284
• After-tax cash flow: $2,646/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: Marion CUSD 2
• NCES district ID: 1724600
• Math proficiency: 20% ▼ -11.00%
• Reading proficiency: 31% ▼ -11.00%
• Median HH income: $46,221
• Composite: 22.07/100
• National rank: #8189
• State rank: #317 of 620 in IL

Livability — Marion

• Score: 61/100
• State rank: #896
• US rank: #17434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, IL
• County: Williamson County · 38,451 people
• City population: 27,793
• Metro: Carbondale-Marion, IL
• Population (ZIP): 27,793
• Household income: $71,063
• Rent vs Own: 29.0% rent · 71.0% own
• Severe rent burden: 763.0

Population outlook (Williamson County) Hauer SSP2

• Today (2025): 69,553 people
• By 2030: 70,090 · +0.8%
• By 2040: 70,345 · +1.1%
• By 2050: 69,394 · -0.2%
• By 2075: 63,590 · -8.6%
• By 2100: 51,154 · -26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 5% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Williamson

• 2024 margin: Solid R (+38.8) · D 30.0% · R 68.8% · Other 1.3%
• 2008→2024 swing: -24.0pp toward R · 2008: -14.8pp · 2024: -38.8pp
• All cycles: 2024: R+38.8 2020: R+37.3 2016: R+41.2 2012: R+25.0 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.41%
• Current HPI: 137.5955
• Rent YoY: ▲ 8.40%
• Metro: Carbondale-Marion, 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

-8.1% since first listed

3 events — show timeline

• 2026-04-24 Price Changed $114,900 MRED as Distributed by MLS Grid
• 2026-02-27 Price Changed $119,900 MRED as Distributed by MLS Grid
• 2026-01-10 Listed $125,000 MRED as Distributed by MLS Grid

Property tax history

+5.5%/yr

Latest (2025): $1,937 · +13.1% YoY. Source: county tax records.