1113 Johnson St · Streator, IL 61364

$138,000

2 bd · 1.0 ba · 1,424 sqft · SingleFamily public records · 48 Days on market

Built 1924 7,600 sqft lot Est $150k · 8% under

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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 +25.8/30.0
• ARV discount +11.0/15.0
• DSCR +8.6/10.0
• 1% rule +5.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Adorable brick bungalow for sale! This 2 bed 1 bath home has plenty of room with so much potential. This well priced home has a nice large kitchen with a breakfast bar, a full dining room with lots of sunlight, a cozy living room with an extended area that can be used as a playroom or office and so much more! The outside is adorable with a garage, car- port and nice sitting area for those summer get together and barbeques! Plus all the major things have been done. Roof is only 8 years old, furnace less than 10 years old, A/C 6 years old, new hot water heater last year. Plus refrigerator, oven, washer and dryer all stay! Move right in and make it your own!

Key facts

• Brick bungalow
• Cozy living room
• Large kitchen

Tags

• BRICK BUNGALOW
• LARGE KITCHEN
• BREAKFAST BAR
• FULL DINING ROOM
• COZY LIVING ROOM
• MAJOR UPDATES

Property features AI

Finance

• Other: Living area source: Appraiser; Parcel number available
• Financial info: Tax exemptions: Homeowner, Senior
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (garage owned) with garage door opener; Carport; Concrete parking; Total 1 parking space / 1 garage space
• Security: CO detectors; Ceiling fan(s)
• Utilities: Public water; Public sewer; Electric with fuses
• Home design: Detached single-family home; One-story; Fee simple ownership; Built more than 100 years ago; Built before 1978
• Construction: Brick construction; Asphalt roof; Age: 100+ years
• Exterior features: Patio; Lot approximately 50 x 152 (less than 0.25 acre)

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Eating area / breakfast bar
• Bedrooms: Main-level master bedroom (12 x 10); Main-level second bedroom (12 x 10); Office on main level (12 x 12); Enclosed porch on main level (14 x 9)
• Flooring: Hardwood; Carpet; Linoleum; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air
• Interior features: First-floor bedroom; Separate dining room; Unfinished full basement; 6 total rooms
• Laundry & utility: Main-level laundry (9 x 8); Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $138k.

Deal economics

• At list price, monthly cash flow is $334 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $138k).
• Recommended offer: $134k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#752 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools F, amenities F, commute F.
• Streator Twp Hsd 40 (town): math 11% / reading 19% proficiency, ranked #513 of 620 in IL (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 87 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 82 units permitted in LaSalle County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $954 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• LaSalle County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $64k; list at $138k implies a 117% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $133,860 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 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 1924 — 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. 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: 1.08% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.36%
• DSCR: 1.46
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $149,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1500 Manhattan Dr	0.33mi	3/1.5 (+1)	1,424 (0%)	4mo	$150,000	$105	74
914 Laura Ave	0.36mi	3/1.5 (+1)	1,498 (+5%)	11mo	$225,000	$150	59
713 Fuller Ave	0.59mi	3/1.0 (+1)	1,404 (-1%)	8mo	$148,000	$105	58
1605 Sharon Rd	0.45mi	3/2.0 (+1)	1,512 (+6%)	4mo	$150,000	$99	57
95 Manhattan Dr	0.30mi	3/2.0 (+1)	1,300 (-9%)	9mo	$175,000	$135	55
1010 Elliott St	0.45mi	3/2.0 (+1)	1,232 (-14%)	3mo	$105,000	$85	45
703 Iowa Ave	0.44mi	3/1.5 (+1)	1,215 (-15%)	4mo	$148,000	$122	45
616 N Everett St	0.64mi	3/2.0 (+1)	1,314 (-8%)	7mo	$149,000	$113	42
307 E Bronson St	0.70mi	2/1.0	1,236 (-13%)	4mo	$5,000	$4	42
210 N Colorado Ave	0.74mi	3/1.5 (+1)	1,340 (-6%)	10mo	$87,000	$65	40
701 Fuller Ave	0.64mi	1/1.0 (-1)	1,220 (-14%)	8mo	$62,000	$51	34
904 N Vermillion St	0.71mi	3/1.5 (+1)	1,240 (-13%)	6mo	$155,000	$125	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: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,156
• Equity at exit: $20,576

10-year hold

• IRR: 8.9%
• Equity multiple: 1.68×
• Total profit: $26,173
• Equity at exit: $11,932

Cash invested: $38,640 (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 61364

• Home prices YoY: -31.1%
• Active inventory: 87
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,490 medium
• Mortgage (P&I): −$724
• Tax from tax record: −$62 /mo · $749/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $334

Break-even live

Break-even rent $1,068

Max offer price $138,000

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: $34,500
• Closing costs: $4,140
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Kelly St Streator, IL	3.0	1.0	1280	$1,750	$1.37	7d	1	1.14mi
402 S Illinois St Streator, IL	2.0	1.0	1116	$1,550	$1.39	22d	1	1.17mi
514 Lundy St Streator, IL	3.0	1.0	1174	$1,700	$1.45	3d	1	1.30mi
503 S Bloomington St Streator, IL	3.0	1.0	1200	$1,500	$1.25	24d	1	1.50mi

Listing history 19 events

1. 2026-06-19
   days on market $138,000 Active 48 DOM
2. 2026-06-18
   days on market $138,000 Active 47 DOM
3. 2026-06-17
   days on market $138,000 Active 46 DOM
4. 2026-06-16
   days on market $138,000 Active 45 DOM
5. 2026-06-15
   days on market $138,000 Active 44 DOM
6. 2026-06-14
   days on market $138,000 Active 42 DOM
7. 2026-06-12
   days on market $138,000 Active 41 DOM
8. 2026-06-09
   days on market $138,000 Active 38 DOM
9. 2026-06-08
   days on market $138,000 Active 37 DOM
10. 2026-06-07
    days on market $138,000 Active 36 DOM
11. 2026-06-05
    days on market $138,000 Active 33 DOM
12. 2026-06-03
    days on market $138,000 Active 32 DOM
13. 2026-06-02
    days on market $138,000 Active 31 DOM
14. 2026-06-01
    days on market $138,000 Active 30 DOM
15. 2026-05-31
    days on market $138,000 Active 29 DOM
16. 2026-05-30
    days on market $138,000 Active 28 DOM
17. 2026-05-23
    price $138,000
18. 2026-05-02
    listed $140,000 Active
19. 2000-09-26
    soldstatus $63,500

ⓘ 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: $749 · $62/mo
• Projected year-2 tax: $1,941 · $162/mo
• Expected delta: +$1,192/yr (+$99/mo · 159.2%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,882
• − Mortgage interest: −$7,730
• − Property taxes: −$749
• − Insurance: −$690
• − Repairs & maintenance: −$1,431
• − Management: −$1,431
• − Depreciation: −$4,015
• Taxable income: $1,838
• Est. tax owed @ 24.0%: −$441
• After-tax cash flow: $3,563/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: Streator Twp Hsd 40
• NCES district ID: 1738100
• Math proficiency: 11% ▼ -4.00%
• Reading proficiency: 19% ▼ -1.00%
• Median HH income: $43,002
• Composite: 13.07/100
• National rank: #9561
• State rank: #513 of 620 in IL

Livability — Streator

• Score: 63/100
• State rank: #752
• US rank: #15266

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Streator, IL
• County: La Salle County · 41,676 people
• City population: 17,963
• Metro: Ottawa, IL
• Population (ZIP): 17,963
• Household income: $59,060
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 450.0

Population outlook (LaSalle County) Hauer SSP2

• Today (2025): 107,080 people
• By 2030: 104,196 · -2.7%
• By 2040: 97,413 · -9.0%
• By 2050: 90,294 · -15.7%
• By 2075: 76,252 · -28.8%
• By 2100: 61,339 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 4% Black 3%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · LaSalle

• 2024 margin: R (+18.5) · D 40.1% · R 58.6% · Other 1.3%
• 2008→2024 swing: -29.6pp toward R · 2008: 11.1pp · 2024: -18.5pp
• All cycles: 2024: R+18.5 2020: R+14.3 2016: R+14.4 2012: R+0.4 2008: D+11.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.28%
• Current HPI: 233.5533
• Rent YoY: —
• Metro: Ottawa, 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

+117.3% since first listed

3 events — show timeline

• 2026-05-23 Price Changed $138,000 MRED as Distributed by MLS Grid
• 2026-05-02 Listed $140,000 MRED as Distributed by MLS Grid
• 2000-09-26 Sold (Public Records) $63,500 Public Records

Property tax history

-4.1%/yr

Latest (2024): $749 · -59.4% YoY. Source: county tax records.